BE2501: International Business Environment Assignment, NBS, Singapore Compared to international trade in the past, the new normal in international trade is best characterized

• “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?

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