This paper must be orginal in every aspect. Thank you.Emerging Economies and GlobalizationBackgroundMarkets in developed economies are approaching saturation level. Therefore MNCs 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 (GEH) 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.DirectionsRead the following articles:Then respond to the following:Write a 7 10-page paper in Word format. Utilize at least five to seven scholarly sources in your research. Apply APA 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: LastnameFirstInitial_M5_A1.doc. BySaturday November 2 2013 deliver your assignment to the M5: Assignment 1 Dropbox.Selected two trade theories that are specific and appropriate to the expansion of GEH. The theories explain why operations were expanded.Explanation of theories is specific accurate and clear. The explanation includes how the theories are incorporated into the expansion of GEH. Evaluation of reasoning to expand is complete appropriate and accurate. The evaluation states how expanding benefits GEH.Explanation 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.Solutions identified are reasonable appropriate and likely to solve any possible problems. Solutions given explain how possible pitfalls could be remedied.Evaluation 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.).Identification 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.Wrote in a clear concise and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; and displayed accurate spelling grammar and punctuation.