Background to Change Affecting the Current Organization

World appears to be integrating economically, politically and culturally. Irrespective of the national boundaries huge developments in information, communication and technology has taken place. Ownership patters of corporate sector all over the world have become more complex like joint ventures, cross-border acquisitions etc. Global strategies have emerged in the production of goods and services, distribution and management of labour. These have had an immense impact on business activities. The world economy is now more closely interlinked and the finance has become a global resource.
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Economics Dissertation | Free Trade EU

"The trade relationship between the European Union and China is one that has existed for several years now. However, this relationship is one that has had its share of conflicts over the past 15 years or so, with regard to the volumes traded between the two regions. Since China entered the WTO in December 2001, trade barriers between China and the European were removed in order to ameliorate trade between the two."

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European Free Trade

The issue of free trade is one of the most controversial in the modern world. It is one of the most long standing controversies in the world since the tide of globalization started to take root. There have been many proponents and opponents on the issue with many people taking sides on the issue.

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