IBM THE FINAL EXAM UPDATE 2024

Contents QUESTION 1 ............................................................................................................... 3 1. 2007 – 2008 financial crisis ............................................................................ 3 2. US – China trade war (2018) ........................................................................ 4 3. The Russia-Ukraine conflict (2022) .............................................................. 5 4. Regional Comprehensive Economic Partnership (2022) ........................... 6 QUESTION 2: Shopee shut down India business .................................................... 8 The reason Shopee left the Indian market? ............................................................ 8 How important is Free Fire to Shopee? .................................................................. 9 About the Free Fire ban ..................................................................................... 10 About China – India Border War (Ladakh border) .......................................... 11 Comments and suggestions on the case of Shopee shut down India business .... 13 References .................................................................................................................. 15 3 I declare that this is my original work and that it has not been submitted by someone else or for any other subject. QUESTION 1 1. 2007 – 2008 financial crisis The financial crisis of 2007–2008, also known as the Global Financial Crisis (GFC) originated from the crisis in the financial sector, including insurance, credit, securities, which took place from 2007 to until 2008, originating from the US. The cause of this economic crisis is believed to be related to the fact that financial institutions in the US real estate market began to offer risky mortgage loans to rescue real estate buyers. produce. Mortgage loans are aimed at low-income homebuyers, with very high lending risk and the bursting of the housing "bubble" in the United States. At the head of those financial institutions was Lehman Brothers - the collapse of this bank marked the beginning of the crisis. After the financial crisis broke out, the US government implemented bailouts for financial institutions as well as applied fiscal and monetary policy to prevent the collapse of the system. global finance. However, those solutions and policies were too late, the 2008 economic crisis spread to countries around the world, especially the European Union such as Germany, Britain, France as well as other countries. This crisis has had a significant impact on the global economy with more than 10 trillion USD being washed away, more than 30 million people unemployed, increasing rates of homelessness and suicide. Effects on Vietnam: Opportunities: - If the global crisis and its impact on our country can drown out weak businesses, no matter how big or small, on the contrary, it will also help detect really healthy businesses that know how to do business. efficient, ethical business, businesses that know how to reduce costs and improve brand and quality, businesses that are confident in their own ability without relying on privileges, capable businesses strong competition not only in the country but also in the global market. - This is a lesson for developing countries like Vietnam, when the dream of industrial development and modernization relies too much on corporations, giving