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International Business exam questions: 1)-Is the internationalisation of production best understood from the perspective of efficiency or strategy Develop your answer using examples as appropriate. 2) Examine the uneven impact of the global financial cr - Essay Example

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Internationalization of production involves the establishment of production relations with other enterprises of other countries in which the increase of the country’s production helps in the global production processes. Industrial capitalism is one of the key aspects that help…
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International Business exam questions: 1)-Is the internationalisation of production best understood from the perspective of efficiency or strategy Develop your answer using examples as appropriate. 2) Examine the uneven impact of the global financial cr
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Download file to see previous pages ization where later there emerged its various forms such as international specialization of private sectors of producing certain products (Marinov 2013, p.27). For example, Great Britain, USA, Japan and West Germany specialized with large firms where they produced specific types of equipment.
Another form involves the production of specific size and type of articles, for example, in the USA’s tractor assembly; they produced most powerful caterpillars with most powerful wheels. Great Britain specialized in producing tractors with medium-sized wheels while West Germany specialized in producing low-powered tractors. Internationalization also split into the specialization of plants of several countries in producing units, articles or parts for assembly. Various enterprises also specialized in technology where they carried out specific types of work. Under technical and scientific research, the corporations of different countries merge in performing design or scientific work.
Capitalist conditions also play a key role in the internationalization of production where it specializes in the capital. The growth of internationalization of production also leads to the formation of global economic organizations specializing in other fields of transportation, international finance and trade, production and communications. In a capitalist society, it is both a paradoxical and twofold process. The efficiency of specialist is socialism type of production where its development is foremost done as the planned establishment of the intercontinental socialist breakdown of labor (Marinov 2013, p.30). It takes the basis of coordinating the economic plans of the countries with socialism leading to the formation of firm links amongst socialist countries.
Fronts such as sales and procurement are also widened by the internationalization of production. Various enterprises have wider markets and various regions of carrying their activities. For example, Honda which is an automobile plant ...Download file to see next pagesRead More
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