Describe how the performance management process is linked to employee selection, training, and development.

Performance management process is a communication process whereby managers and employees communicate and work together to plan, monitor and review an employee's performance on the job, and to identify if an employee is working according to their job objectives and overall contribution to the organization. This involves planning, coaching, training and improving.

Performance Management is linked to employee selection because, it tells the job objectives and selecting the best candidate who's records fits in best to the job objectives.

Performance Management helps to identify the aspect an employee need to improve on, by going through the employee performance and noting the areas the employee has not been performing very well. For instance an employee may be perfect in lab samples, but very poor in writing a lab reports, the management will take such employee for a training to build his/her performance.

Performance Management helps to develop an employee because it helps to train an employee on a recent technology, and build the employee to diverse knowledge. It also develop the employee by coaching them on the job, so their learn more on the job.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.