type full article on google you will get pdf for this article,.. On importer tru
ID: 1219903 • Letter: T
Question
type full article on google you will get pdf for this article,.. On importer trust and commitment: a comparative study of two developing countries.
I need to do assignment on the article on
On importer trust and
commitment: a comparative study of two developing countries.
REQUIREMENTS OF REPORT TO DO
Your Analysis of the Article ( 2 to 3 pages)
Analyze the article by taking a point of view: do you agree with the article?
Make note of how the article deals with economic theory: do you think it lacks sound economic theory?
Also make note of whether the article needed additional facts: do you think it needs more relevant facts? If so, then be sure to mention additional references.
etc.
PLEASE READ THE QUESTION AND GIVE ME THE BEST ANSWER AND DONT GIVE ME THE SAME ANSWER WHICH CHEGG HAS ALREADY.., AND I DONT NEED THE SAME ANALYSIS WHICH PDF HAS......you need to bring international economics focus to it.
Explanation / Answer
In International trade, two key elements are needed to deal in overseas trade: trust and commitment apart from finance. Both trust and commitment are crucial for importer perspective in developing countries. Importer trust is successful in case the foreign suppliers provide supercilious facilities. Importer commitment is successful in case the importers find the foreign suppliers to be knowledgeable and updated and are veteran in the importer market. Foreign suppliers may find completely diverse religious, social and business culture in the international market. Therefore, it is equally integral to understand the cultural perspectives of importers to gain trust and faith. It is good to gain some cultural understanding of the business clients by contacting one or more ethnic business organizations, chambers of commerce and social groups. Moreover, cultural similarity between importers and foreign suppliers improves import trust between two nations.
In long term relationship between importer and foreign supplier, both trust and commitment play a parallel role. Commumication is a key factor in generating greater trust among the parties. However, if the foreign supplier is found to be opportunistic, it automatically decrements the trust relationship. Thus, if importer discovers that the supplier is no longer trustworthy, this will lead to decline in their commitment relationship.
I agree with the point that trust and commitment are necessary to commence business relationship either in the home country or in international market with overseas clients. International economics deals with economic interdependent among nations. The economic interdependence among nations, in turn, influences the political, social, cultural and military relations among nations. International economic theory usually assumes a two-nation, two commodity, two-factor world. It deals specifically with international trade theory. Generally, economic growth in most devepoing countries is well above the world average.
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