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Comparative International Management - Essay Example

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The paper critically evaluates the argument of Albert that Anglo-Saxon model will ultimately outperform the superior Rhine model. The analysis of these arguments is carried out in the context of economic theories and precepts of both economic models. …
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Download file to see previous pages el is closer to the model of collectivism described by Hofstede which leads to find some features of Rhineland capitalism in other cultural contexts, whether Asian or North American. Rhine model of capitalism does not support American ideas of individualistic goals and ruthless corporate entities; rather it places great emphasis on strengthening social cohesion. Rhineland model believes in a harmonious collaboration between governments, workers and employers. Anglo-Saxon Model The Anglo-Saxon neoliberalism was coined in 1930s which appeared in contrast to the then prevailing Fabian socialism. Anglo-Saxon represents a neo-liberal social and economic model of democratic intervention in the economy. In Anglo-Saxon model, the planning of the economic process is assigned to the utopian social engineering. In Anglo-Saxon model government intervention leads to increasing restriction of individual freedom through authoritarian orders, prohibitions and regulations (Nobes, 2003). The restriction of economic freedom is not separable from the restriction of political freedom. Comparative Analysis of the Two Economic Models Albert (1991) is of the opining that major differentiation exists between two types of capitalism – the Anglo-Saxon capitalism and the Rhineland capitalism. The Anglo-Saxon capitalism is presented by Albert (1999) as extremely liberal, based only on criteria of supply and demand. The shareholders are the law firms, and they only want one thing: profitability. Whatever the means, the key is to maximize profits, even if only to see that in the short term. The Anglo-Saxon capitalism does not accommodate regulations that prevent companies have their way. That is why Margaret Thatcher and Ronald Reagan have both worked to deregulate the economy at all...
The paper critically evaluated the argument of Albert that Anglo-Saxon model will ultimately outperform the superior Rhine model. The analysis of these arguments is carried out in the context of economic theories and work of other prominent economists and researchers. It is concluded that Rhine model has been traditionally supported by thinkers because it stands on a moral high ground making it necessary for the society to look after the interest of the individual and to provide safety framework for weaker components of the society. Yet, Anglo-Saxon model is found to outperform Rhine model due to individual drive and motivation for gaining personal benefits. Thus, the thesis of Albert is supported by contemporary economic research and it is found that Anglo-Saxon model is anticipated to outperform Rhine model.
This paper makes a conclusion that the progress of individualism finds expression in the demographic decline of the Rhine countries. The consequences were disastrous for the economy in every way and it destroys the basis of social solidarity and community. Under Rhine model of capitalism, governments are almost always afraid of being misunderstood and insecure in the face validity of the measures coming into question. Along with the influence of individualization, there are losses caused by trade unions and collective bargaining. According to Albert, this economic model produces less productivity because it is characterized by traditional career plans in favor of clear success-oriented career opportunities following the American example of the young graduates. ...Download file to see next pagesRead More
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