international management article review

International Management
Student’s name
Institution
Assessment of the Article
The article titled “The fastest-growing and shrinking economies in 2018” address the issue of economic growth for both the best performing economies and poor performing economies. The health of any economy is measured on basis of how that economy is growing or shrinking. The indicators of economic growth in any economy are often the increase or shrinking of the country’s Gross Domestic Product. GDP of any economy is what reflects the output value of the country. The GDP of a given country reflects the total monetary value of all services and goods produced by that country in a given span of time. The growth and shrinking of economies addressed by the article are from when the global economy successfully rebounded from the great recession of 2008. After the great recession, the global economy has maintained a constant moderate growth. A considerable amount of literature and statistics presented in this article is based on projected figures and percentages (“fastest-growing and shrinking economies in 2018,” 2018). This implies that they are somewhat hypothetical and therefore some projection in terms of growth in percentage may not be realized while others may be realized and even be surpassed. Projection of economic growth and shrinking is important for international business management as it helps in identification of emerging economies. And therefore, international business that would wish to diversify to increase global reach may risk by investing in growing economies.

On the other hand, international businesses operating on an economy that is projected to shrink may withdraw their business operations altogether to avoid losses.
Relation to This Week’s learning
The article relates to this week learning in that international trade and investment are some of the key drivers of economic growth. Today, the shape and the size of the world economy is changing dramatically. This implies that the investing and trading patterns used some years before needs to evolve rapidly alongside the changing world economy. However, the challenging context of international business is to ensure that the governing framework keeps up with these changes. Some of the major changes that have come into effect and have enabled such growth include the digital economy, the spread of international trade network as well as the rise of the service sector (Malecki, & Moriset, 2007). These are some of the game changers in the international trade alongside foreign direct investment which is now a key element of trade between different economies. Despite the presence of all these game changers, there is a challenge in that international agreements and regulations has not advanced with the same speed. Even though regions and countries have been involved in a string of bilateral deal strike. Much is needed to be done to reform the framework of the global trade.
My Opinion of the Article
The article is informative in the in regard to the projection of the economic health of different countries and regions. It provides some important insight to multinational companies and investors this because with such statistically supported information forms a foundation on the market knowledge. And therefore, businesses and investors can use such information to make informed information economies to invest in as well as economies where it is risky to invest in. such information is also important for international firms for strategic planning both for the international and domestic markets. This will enable to develop and enhance market share as well as product development.
References
Malecki, E. J., & Moriset, B. (2007). The digital economy: Business organization, production processes and regional developments. Routledge.
The fastest-growing and shrinking economies in 2018. (2018, January 5). Retrieved from https://www.economist.com/blogs/graphicdetail/2018/01/daily-chart-3