Select two trade theories that best explain why EH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China. Assignment 1: Required Assignment 2—Emerging Economies and Globalization

Select two trade theories that best explain why EH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China.Assignment 1: Required Assignment 2—Emerging Economies and Globalization
Background
Markets in developed economies are approaching saturation level. Therefore, Mn Cs are searching for new untapped markets in emerging countries such as India and China. Since the healthcare industry will continue to grow in the future due to the size of the global population and its age composition, General Electric Healthcare (EH) is trying to capitalize on these trends. It is expanding its operations and development of new drugs and manufacturing of the medical equipment in India and China.
Directions
Read the following articles:
At least one peer-reviewed article related to the trade theories in general as well as for China and IndiaArticles related to the human resource management for Mn Cs, cross-cultural management, expatriate training, and expatriates’ success/failure in overseas assignmentsArticles related to EHThen, respond to the following:
Select two trade theories that best explain why EH expanded its operations of developing new drugs to India, and manufacturing X-ray business to China.Explain the selected theories, and then evaluate Gehrig reasoning.Explain possible pitfalls for such strategy from Gehrig perspective.Identify solutions to the possible pitfalls for the strategy.For each operation (India and China), evaluate Gehrig human resource strategy.Identify how you would design training for preparing expatriates for their assignments to India and China if you were in charge of their training prior to the overseas assignment.Write a 7–10-page paper in Word format. Utilize at least five to seven scholarly sources in your research. Apply SPA standards to citation of sources.
Make sure you write in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.
Use the following file naming convention: Last name First Initial_M5_A1.doc. By Saturday, February 11, 2017, deliver your assignment to the M5: Assignment 1 Dropbox.
Assignment 1 Grading CriteriaMaximum PointsSelected two trade theories that are specific and appropriate to the expansion of EH. The theories explain why operations were expanded.20Explanation of theories is specific, accurate, and clear. The explanation includes how the theories are incorporated into the expansion of EH. Evaluation of reasoning to expand is complete, appropriate, and accurate. The evaluation states how expanding benefits EH.44Explanation of pitfalls is reasonable and appropriate. Explanation includes how and why the pitfalls are likely to occur. Pitfalls explained are reasonable based on the strategy.44Solutions identified are reasonable, appropriate, and likely to solve any possible problems. Solutions given explain how possible pitfalls could be remedied.44Evaluation of the human resource strategy is complete, specific, and in depth. The evaluation focuses on aspects of the strategy unique to each operation (i.e., diversity, acquisition, etc.).60Identification of training design is complete, clear, and specific. Training includes information on preparing for both professional and personal development. Justification for the training design is included.60Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; and displayed accurate spelling, grammar, and punctuation

 
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