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Business Environment - Essay Example

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Ever since the democratic regime was introduced in the world where various communist nations were present in competition, it was marked that there was no alternative of democracy that introduced development in every sphere of public life. It was merely considered to be the sole…
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Business Environment
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Download file to see previous pages In simpler words, globalization has become a deeply-rooted phenomenon in the present world that there seems to be zero alternative of capitalism.
Different skeptics have come up with new and effective economic theories and practices to suspend the common grounds of capitalism in the world (Thornley & Appay, 2010). Nevertheless, the impact or the implementation of capitalism is effective to the core that independent economic policies are failed to practice. Herein, it should be noted that the mentioned view is merely projected by the skeptics and there is still a lot of room of explanation concerning the credibility of the aspect (Milward, 2003).
The aim of this essay is to critically assess the thesis statement the proposition that governments are no longer able to implement independent policies. There is supposedly an ongoing debate when it comes to the aspect of efforts made by the governments to implement and promote independent economic policies. The weighing or the effective dimensions to the debate can only be evaluated by understanding triumphed nature of capitalism in the global world, paradox of neo-classical theory, the role of the transfer national companies (TNCs).
The fact remains that the economic activities in the past were quiet limited because of the limitations imposed on the trade. In the present times, one can see that it is easier for the organizations to design a product in one region and then deliver it to customer in the opposite part of the world (Ohmae, 1994). Herein, the intensity of skepticism is evident from the fact that western civilizations see capitalism as a threat to social equality. Milward (2003) in his research included that the skeptics of capitalism have always shown great interest in the international discussion of need of non-free market structure. Such an assertion is made ...Download file to see next pagesRead More
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Business Environment
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