MNG4804 INT4801 ASSESSMENT 1 2024 Discuss ways in which international trade can recover from the ravages of the COVID-19 pandemic. In your answer, explain the WTO’s trade strategies to open markets, improve the employment rate and boost the African econ

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@061 262 1185/068 053 8213/0717 513 144




BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY




BMZ ACADEMY 061 262 1185/068 053 8213/0717 513 144

, BMZ ACADEMY

Contents
QUESTION 1 .......................................................................................................................................... 5
Introduction ......................................................................................................................................... 5
Strategies for Recovery in International Trade ................................................................................... 5
Diversification of Supply Chains ..................................................................................................... 5
Digital Transformation .................................................................................................................... 5
Health and Safety Standards ......................................................................................................... 5
Trade Facilitation ............................................................................................................................ 5
WTO’s Trade Strategies...................................................................................................................... 6
Market Opening .............................................................................................................................. 6
Trade Facilitation Agreement (TFA) ............................................................................................... 6
Support for Developing Countries .................................................................................................. 6
Focus on Improving Employment ....................................................................................................... 6
Skill Development ........................................................................................................................... 6
SMEs Engagement......................................................................................................................... 6
Boosting the African Economy ............................................................................................................ 7
Aid for Trade ................................................................................................................................... 7
E-commerce and Digital Trade ....................................................................................................... 7
Multilateral Trade Negotiations ....................................................................................................... 7
Conclusion .......................................................................................................................................... 7
QUESTION 2 .......................................................................................................................................... 7
Introduction ......................................................................................................................................... 8
Geopolitical factors ......................................................................................................................... 8
Natural disasters............................................................................................................................. 8
Labor and human rights issues ...................................................................................................... 8
Cybersecurity threats...................................................................................................................... 8
Climate change............................................................................................................................... 8
Technological Advancements ......................................................................................................... 8
Trade Liberalization ........................................................................................................................ 9
Globalization of Markets ................................................................................................................. 9
Key drivers of globalization ................................................................................................................. 9
Economic Factors ........................................................................................................................... 9
Technological Factors ..................................................................................................................... 9
Political Factors ............................................................................................................................ 10
Trade liberalization ....................................................................................................................... 10
Globalization of production ........................................................................................................... 10
Cultural exchange and consumer demand .................................................................................. 11
Conclusion ........................................................................................................................................ 11


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