Management homework help. Week 1 – Assignment: Analyze the International Monetary System
Write a paper about the International Monetary System that addresses each of the following issues:
- Define the International Monetary System and outline the history of the system.
- Describe and provide examples of what is meant by “currency regimes,” and define selected types of regimes and form an argument for selecting fixed exchange rate and arguments for selecting flexible exchange rates.
- Describe and define the creation of the Euro and discuss the benefits as well as the problems associated with the creation of this currency.
Support your paper with at least five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Length: 5-7 pages (not including title and reference pages).
The Global Environment
This week, we explore the forces that motivate the creation of multinational businesses and the financial environment that has existing to support these global business initiatives. The creation of multinational businesses begins with the theory of comparative advantage. The theory argues that each country will have resources that allow it to have a competitive advantage in the production of certain goods. In turn, the country will use that production to trade for other goods that it wishes to consume but may not have a competitive advantage in producing.
The multinational firm takes that same collection of resources from countries and manages them in an efficient manner to produce those goods in which the country holds that competitive advantage. However, in order for these goods to be exchanged across countries, the multinational business relies upon a stable financial environment that allows for the exchange of currencies. The international monetary system is comprised of a collection of currencies with a variety of arrangements by country for how their currency moves with other currencies. These important financial structures have critical implications for multinational businesses.
- Review the resources listed in the Books and Resources area below to prepare for this week’s assignments.
- Complete the following Spotlight on Skills if you need assistance with the tools used to complete your assignments.
Spotlight on Skills: Preparing a Discussion Post
To view the Spotlight on Skills, go to the Course Resources module in the table of contents and click on Spotlight on Skills.
Spotlight on Skills: APA Form and Style
To view the Spotlight on Skills, go to the Course Resources module in the table of contents and click on Spotlight on Skills.
