Nobody downloaded yet

Competing in the global arina - Essay Example

Comments (0) Cite this document
Summary
Gigantic flows of capital and technology have stimulated trade in goods and services. Technology helps to connect geographical regions and improve financial transactions. This new system of relations influences the internationalization of trade and finance, the increasing power of transnational corporations, and the enhanced role of international economic institutions like the IMF, the World Bank, and the WTO…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful

Extract of sample "Competing in the global arina"

Download file to see previous pages Globliztion is "neither new nor folly but global movement of ides, people, technology nd goods from one region to others benefiting the people t lrge" (mrty Sen cited Stiglitz 2002, p. 6).
The main companies contributed to globalization are McDonald's, General Motors, Wal-Mart, Google and Yahoo! which account for over half of the world's output. This geographical concentration reflects existing economic relations between the North and the South (Bhagwati 98). Rivalling nation-states in their economic power, these corporations control much of the world's investment capital, technology, and access to international markets. In order to maintain their prominent positions in the global marketplace, transnational corporations merge with other corporations. These companies have consolidated their global operations in an increasingly deregulated global labor market. The availability of cheap labor, resources, and favorable production conditions in the global South has enhanced corporate mobility and profitability (Hirst and Thompson 134-135).
The main drivers of globalization are technology, free trade and low barriers to trade, investments and democratization processes. A combination of weak and unstable governments, small and vulnerable economies, warlike conditions, and widespread poverty creates unattractive conditions for the major drivers of globalization, especially the global corporations and other private sector investors (Bhagwati 23). Apart from mining and other natural resources extractive industries, these countries are not players in the global economy. Moreover, lack of good governance often means that the proceeds from these economic activities benefit only a select group of elites, giving rise to private armies and guerrilla movements (Stiglitz 90). Price system help companies to sell product around the world and meet diverse customers' needs. Indeed, the network's market share increased even further as a result of the dramatic reduction in the price and size of satellite dishes. Suddenly, such technologies became affordable, even for low-income consumers (Bhagwati 21). For instance, a new economic order allows the farmers to produce more than the market can absorb but get paid at a fair price. It also keeps agricultural goods, produced elsewhere more cheaply and efficiently, out of these countries' markets. Globalization, as it relates to trade, is aimed at reducing or eliminating protectionism in order to maintain a level playing field for all trading nations. Still, developing countries continue to face a wide range of nontariff administrative instruments of protectionism, which keep their exports out of the rich markets of developed countries. Protectionism by the developed countries-aimed at keeping developing countries out of the formers' markets especially in sectors such as agriculture, textiles, and light manufacturing where the latter have a decided comparative advantage-is a serious impediment to free trade and globalization and a constant source of conflict in multilateral negotiations (Hirst and Thompson 98). Contrary to public perception, export subsidies are not an efficient public policy instrument for allocating resources. This is particularly important for developing countr ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Competing in the global arina Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Competing in the global arina Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/miscellaneous/1528057-competing-in-the-global-arina
(Competing in the Global Arina Essay Example | Topics and Well Written Essays - 1000 Words)
Competing in the Global Arina Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/miscellaneous/1528057-competing-in-the-global-arina.
“Competing in the Global Arina Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/miscellaneous/1528057-competing-in-the-global-arina.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Competing in the global arina

Competing Value Framework

...Competing Value Framework Introduction In current era where organizations are competing to strive for global economy, business needs to redefine their strategic vision and themselves. In this regard there are various ingenuities that are found to be unsuccessful in the organization due to aggregation of organization’s cultural values factors. It is also found that, when Competing Value Framework (CVF) is used with organization’s strategic planning, the chances of success increases for business. Similarly other tools like Managerial Behavioral Instrument and Organizational Culture Assessment Instrument gives a concrete path to analyze the organization’s position, and defines where it should have to be, and assists in rearranging... the...
5 Pages(1250 words)Research Paper

The Competing Value Framework

...Competing Values Framework Introduction The Competing Value Framework (CVF) is one of the most widely used and important models in the areas of organizational culture. The model is prepared after testing and matching the compatibility of the framework with that of the marketing activities and is convenient for practical uses. It is important in determining the effectiveness of the organization and also is regarded as one of the important subjects in the organizational development which helps in improving the environment of the organization. It is regarded important for increasing the performance of the employees of the organization. The feasibility of the framework has been tested by various leading...
5 Pages(1250 words)Essay

Competing SBU

...? Competing SBU Competing SBU The Hewlett-Packard Company is popular as HP and is one of America’s information technologymultinational corporations with its headquarters in Palo Alto, California. It focuses on the provision of hardware, software as well as services to its consumers within the scope of small- and medium-sized and large enterprises such as government customers in the health and education sectors. The company was developed a one-car garage in Palo Alto by Dave Packard and William Hewlett. For such a reason, HP has become a world’s leading Personal Computer manufacturer since 2007 fending off stiff challenge of Chinese manufacturer Lenovo (Reading, 2004). This paper will focus on three of its...
3 Pages(750 words)Essay

Competing in the Global Marketplace

...ID 19714 Academia Research Order No. 240115 07 September 2008 Word Count: 1950 Competing in the Global Marketplace Table of Contents: Introduction: It is believed that innovations and path to success start from home. Organizations which are successful in the global markets for their products and services, and have excelled in governing a multi-country, multi-cultural, multi-lingual, multi-political, and multi-regulatory organization system, definitely have a strong business foundation in their respective native countries. Michael Porter presented a model (popularly known as Porter's Diamond) on influencing factors that make an Industry in a Country more competitive at a...
6 Pages(1500 words)Essay

Competing In The Global Arena

...Competing In The Global Arena Apple Computer This research based on global Apple company whointend to launch new computer product. This research will equally focus on global trends with the help of SWOT analysis. Case Issues of Apple Products Core Competency (CI#1): Apple design, develop and market numerous product and service lines. They sell their products to education, consumer creative professional, business and government customers. As apple appears to show many products and conduct business on dissimilar segments, it is lawful to speculate what the company is actually good at Too much variety is precisely what compressed Apple. Cannibalization...
17 Pages(4250 words)Essay

Competing in the global arina

...Globalization and Business Today, technology is synonymous with globalization. With technological innovations influencing every arena of our life, the world has become a global village. It has shrunk in size and is accessible with the click of a mouse or a touch of a button. Sitting in one corner of the world, a corporation can carry out trade and business in another remote part of the world. Globalization forces everyone to compete with the cheapest producers, transport the best products to every corner of the world, adopt the best business practices and make the world and ever-evolving and interesting place to live in. Globalization is a current term for the horizontal and vertical integration of manufacturing and trade... population must...
4 Pages(1000 words)Essay

International Business Competing in the global marketplace

...barriers is that they are restrictive and detrimental to the cause of free trade. Q3) The United States is a net debtor nation and hence the FDI flows into Japan are lesser than the FDI flows into the US from Japan. Moreover, the attractiveness of the US market for its consumption patterns and its sheer size make for businesses from all over the world to invest in the US. The implications of this trend would be that more and more businesses in the US would be owned by Japanese and may not be good for the US economy in the long term. Q4) I would recommend setting up a wholly owned subsidiary in Europe as this would lead to a case where my firm can make use of the local subsidies and also leverage on the fact that the technical...
4 Pages(1000 words)Essay

Competing Through Marketing

...Competing Through Marketing Introduction Market segmentation is actually the division of markets into many various different groups s whohave distinctly similar needs and product (or even services) requirements; it can also be a division of a mass market into different identifiable and distinct segments that have similar common characteristics and also display same responses to the marketing actions (Baines, Fill and Page 2009, p217). Market segmentation first got to be defined as a growth condition that occurs after the markets have been already developed normally under a generalized basis to a point where additional promotions expenditures are already yielding diminishing returns; an agreement that has been spread all...
12 Pages(3000 words)Assignment

Competing against walmart

... Competing Against WAL-MART WAL-MART is a company that offers the biggest price cut globally. It enables shoppers to save money and to be able to live a better life. 1) The Strengths and Weaknesses of the business currently: Strengths: The strategic location of the business serves as the greatest advantage to the business. This is so because of the relatively high population of the people, which translates to receiving a good number of customers and hence bring income for the business. The business has been in operation for 10 years; hence, it has been able to establish a good rapport with most of the people within the town. The business has been able to capture the customers’ loyalty, and this is one of the main reasons behind... the...
3 Pages(750 words)Essay

Managing Competing Agendas

...ObamaCare/Affordable Care Act ObamaCare /Affordable Care Act The Patient Protection Act was crafted to provide service to all the people of America. In order to ensure that ObamaCare works effectively and efficiently to serve the citizens of America, there are various departments that aim to facilitate its efficiency (Venkatesh, Hoehle, &Aljafari, 2014). The Department of Human Service and Health is the agency that seeks to protect the health of all the citizens, and to offer necessary human services, particularly for those who are unable to help themselves. At the departmental level, there is the office of the principal information officer who drives this objective by managing the development and execution of an initiative -level...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Competing in the global arina for FREE!

Contact Us