If current trends continue, China may emerge as the world’s largest economy by 2050. Discuss the possible implications of such a development for
a. the world trading system;
b. the world monetary system;
c. the business strategy of today’s European and US-based global corporations; and
d. global commodity prices.
I don’t understand what its asking me to do, is it asking me to define those terms? also please any help to get me started will be greatly appreciated
Tags: business strategy, china, commodity prices, current trends, economy, Forex, global commodity, global corporations, system c, world monetary system, world trading system