After reading Chapters 2 and 3 in the textbook (I will send PDF book), reflect and discuss the following questions:

1. Explain the underlying rationale for global trade and explain the difference between comparative and absolute advantage?
2. What are the essential factors for economic growth and increased development of global trade flows? Why are they so important in today’s global economy?
3. Provide a definition of logistics and a rationale for why is it important in private companies and public organizations?
4. Explain the importance of logistics on a macro level and the contributions of logistics to the economy?

Use the following headings to organize your paper: Introduction, Question 1, Question 2, Question 3, Question 4, Conclusion, References.

Submit your paper as a Word attachment in the discussion forum. Your response to the discussion prompt should contain a minimum of 500 words . Your response should be formatted in APA style and reference the text book as well as one other authored source.

Once you submit me discussion, i will send you two peer posts. You have to provide me meaningful commments/reply in a minimum of 150 words each.

Follow the following writing requirements for all of your discussion prompt responses.

WRITING REQUIREMENTS FOR ALL ASSIGNMENTS

• References MUST be cited within your paper in APA format. Your reference page and citations must match 100%.
• Always include a cover page and reference page with all submissions
• Your paper must have headings in it. For discussion posts Introduction, Prompt/Question, and Conclusion will suffice as headings.
• Provide the EXACT web link for all online sources – do not provide just the home page, but the EXACT LINK – I check all sources
• No abbreviations, no contractions – write formally
• Write in the third person formal voice (no first or second person pronouns)
• Write MORE than the minimum requirement of the word count assigned
• As always, the word count is ONLY for the BODY of the paper – the cover page, reference page, and / or Appendix (if included) do not count towards the word count for the paper
• Indent the first line of each new paragraph five spaces
• Refer to the example APA paper in the getting started folder under the content tab if you need an example. Also, a power is provided under the information tab that addresses APA format.
• Use double-spacing / zero point line spacing, a running header, page numbers, and left justify the margins.

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