You just overheard your friend say the following: Poor countries like Malawi have no absolute advantages. They have poor soil, low investments in formal education and hence low-skill workers, no capital, and no natural resources to speak of. Because they have no advantage, they cannot benefit from trade. How would you respond?
Notes 10/11 CHAPTER 8 Reorganization is for everyone o Many companies are reorganizing, especially those in decline including: Auto makers Homebuilders Banks o Adjusting to changing markets is normal in capitalist economies o Companies must go back to basic organizational principles and firm up the foundation Structuring an organization o Create a division of labor o Set up teams or departments o Allocate resources o Assign tasks o Establish procedures o Adjust to new realities The changing organization o Often change in organizations is due to evolving business environments More global competition