“Compared to international trade in the past, the new normal in international trade is best characterized as a challenging VUCA environment.” To what extent do you agree with this statement? What would be three
strategic implications on international trade in a VUCA world?
“Past trade theories may need to be re-examined and new trade theories may be needed to help us understand international trade in a VUCA world.”
Which trade theories, frameworks, and concepts covered in Session 5 are still
relevant and which are becoming less relevant? What would be three
theoretical implications to consider in coming up with new theories on
international trade in a VUCA world?