Nobody downloaded yet

International business paper exam - Essay Example

Comments (0) Cite this document
Globalization - the growing integration of economies and societies around the world - has been one of the most hotly-debated topics in international economics over the past few years. I would like to describe three basic theories of globalization: world-system theory, world cultrure theory and world polity theory…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
International business paper exam
Read TextPreview

Extract of sample "International business paper exam"

Download file to see previous pages It is a capitalist world-economy because the accumulation of private capital, through exploitation in production and sale for profit in a market, is its driving force; it is "a system that operates on the primacy of the endless accumulation of capital via the eventual commodification of everything" (Wallerstein, 1998).
A polity is a "system of creating value through the collective conferral of authority" (Meyer, 1980). Nation-states are, of course, the invention of early modern times, institutions produced by the rise of capitalism. Capitalism required a jettisoning of the feudal regime with its patchwork of autonomous sovereignty. Difference was absorbed into the homogeneity of the nation-state, producing a unified legal code that protected private property and the investment of the capitalist and allowed for the circulation of a single currency. This economic act was, of course, represented as the creation of a harmonious community of people with a common language and a coherent culture and worldview.
World culture theory is a label for a particular interpretation of globalization that focuses on the way in which participants in the process become conscious of and give meaning to living in the world as a single place. In this account, globalization "refers both to the compression of the world and the intensification of consciousness of the world as a whole"; in other words, it covers the acceleration in concrete global interdependence and in consciousness of the global whole (Robertson, 1992).
From economic point of view globalization theories are devided into two theories: neoclassical and Marxist. Reassessing economic theories of globalization. Attention to the economic processes that shape positionality alters our ideas about the spatial dynamics of globalization. Much of the received wisdom of how markets work, both in neoclassical and Marxist economic theory was developed under the assumption that economies have no spatial extent. This received wisdom can be questioned, however, because the production of positionality challenges some key theoretical claims emanating from economics: the stability of market-based equilibria, the possibility of regional economic equality, the social benefits of free trade or land markets, the likelihood that rational choices lead to expected outcomes, the stability of class alliances, and the theory of value (Harvey 1982; Sheppard and Barnes 1990). It follows that the contrasting grand narratives about globalization associated with these two economic theories, of globalization as modernization and globalization as polarization, respectively, are also questionable. The global capitalist economy is better conceived of as an out- of -equilibrium, complex and contested spatiotemporal system whose long-term outcomes are unknowable.
2. Differences in national business systems
Initially differences in national business systems (NBS) could be explained by institutional differences. In order to be effective, business firms would not only have to behave rationally toward the market and be technologically efficient as organizations, they would simultaneously have to behave effectively toward the institutional context in which they operated. Thus, if the different European states constitute different formations of institutions, business firms will in effect organize differently ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“International business paper exam Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
International business paper exam Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from
(International Business Paper Exam Essay Example | Topics and Well Written Essays - 1250 Words)
International Business Paper Exam Essay Example | Topics and Well Written Essays - 1250 Words.
“International Business Paper Exam Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF International business paper exam

International Business Communication Paper

...?. International Business Communication Paper Executive summary Kenya is a country in the East of Africa and it is the economic hub of the region, probably because of the huge potential and educated workforce. Apart from the political unrests seen in 2007/08, the country is doing quite well in all sectors compared to her neighbors, most of who are languishing in civil wars. The country has a multiethnic population made up mostly of young people, the median age of who are 18-19 years old. The political situation is one of the factors that determine success of investments. The business sector has potential the progress of which is limited by corruption, with many government...
6 Pages(1500 words)Essay

Exam paper

...launch, which will be cheaper than launching it later. Qn. 2 Statement of the Franchise’s Objectives Mike’s franchise is getting into a mix of existing and new market. Consequently, his objective in the first six months of business should aim at maximizing the market share for his franchise, which he will have to capture from the existing direct and indirect competitors. In line with this, it is evident that the franchise’s target population is aware of the products that Mike intends to introduce to the existing market. In this regard, 70% of a random sample of adults in the US between the age of 18 and 64 years old was aware of the ice cream sold by Ben & Jerry. On the other hand, Mike’s other objective in the first six...
4 Pages(1000 words)Essay

Answer exam question1a 1b

..., and this can have a negative impact on their productivity. In this case, this section of the paper will focus on presenting a critical assessment based on course concepts in order to identify relevant strategies can be applied by international managers in managing conflicts with negative impact on the organization. Mediation In situations of conflicts, there is a need for effective business practices such as mediation. In this case, there is a need for mediators who are personally involved in conflicts, whereby they are expected to offer unbiased opinions. Therefore, managers take the role of becoming mediators, whereby they engage in discussions regarding conflicts (Dowling, Festing &...
4 Pages(1000 words)Essay


... The travel cost analysis is an economic valuation method that is used in the analysis of cost benefit in calculating the value of a product or something which can’t be obtained using the market prices. This method calculates the willingness to pay for a certain price facility that is constant. It looks at the economic values that are associated with sites or ecosystems that are normally used for recreation. Looking at the question at hand; the benefits that are enjoyed by the visitors who visit the National Botanic Gardens, the travel cost method is most applicable. The steps that I would take are as follows. The first step is to collect the travel cost and the visitation information or rather the data. Direct costs are the costs...
3 Pages(750 words)Assignment

Paper on international business

...INTERNATIONAL BUSINESS To stay and hold the position in the present competitive market the company has planned to expand its business outside US like Europe and Far East Asia. XYZ (company's name) is encouraging other companies to advertise their product on their website. A study has shown that a company would make more profit in diversifying and expanding. Diversify into other market- XYZ need to expand the business to other markets outside the United States like Europe and Far East Asia. They can do this by offering the choice to have their web site to be translated in different languages so the customers can pick the languages that they feel conformable with. ...
5 Pages(1250 words)Assignment

International Business paper

...International Business The world is on the brink of economic recession as it faces one of the worst financial crises of recent years. The credit crisis that sprang up in the United States quickly engulfed large parts of the world leading to a downturn in investor confidence and bad times for companies, some of whom are having to close down (Elliot 2008). This has had further adverse effects on the people of various countries, many of whom are being laid off from their jobs or are facing pay cuts as international and local businesses try to cope with the downturn in the global economy. It is this same story that is dominating the headlines all over the world from both a...
9 Pages(2250 words)Essay

English Language Learners

.... Students properly understand the concepts in their primary languages. As a result, they are able to deliver good results. Students are able to write what come in their minds. They do not have to translate their thoughts in order to write them on paper. Disadvantages Teaching in primary languages also has a couple of disadvantages. Those disadvantages include poor grades in international exams and decreased job opportunities. 1. Poor Grades in International Exams Those students, who get education in their native languages, find it difficult to show good performances in international exams because the testing language...
4 Pages(1000 words)Essay

International business final exam

...Business: International Business Exam It makes a lot of sense for Dunavant to invest in this part of the world (countries in Africa such as, Uganda, Zambia and Zimbabwe because there are so many benefits that accrue both to the Dunavant Enterprises itself and the thousands of farmers, Dunavant supports there. The following is a discussion of the benefits that accrue to both the farmers in Africa and enterprises such as Dunavant. Foremost the rural farmers in Africa have benefited a lot from the free advice and inputs that are offered by such enterprises as Dunavant. Thus Dunavant has been able to fill the gap left behind by instability of various sorts such as H.I.V AIDS,...
3 Pages(750 words)Assignment

International business final exam

...International Business Part A country should produce commodities in which it has an abundance of resources, according to the principle of comparative advantage. This ensures lower costs of production, high volumes and thus high sales. Comparative advantage makes a country or region much better in producing a particular good than its rivals (Tallman 2009). In this regard, Dunavant has made the right decisions to move to Africa to participate in the cotton trade. Africa has suitable environmental factors that are ideal for cotton farming. The factors work together to ensure that production occurs at lower costs than in the USA. The conditions imply that cotton in Africa is cheaper than in the United States...
3 Pages(750 words)Assignment

International business term paper

...International business term paper Selection of a business in the consumer products industry Ajmal international trading company is a consumer products manufacturing company based in the United Arab Emirates. The company mainly deals in the manufacture and sale of perfumes and fragrances for both and women. This project will discuss the international expansion process and strategies of this company, Ajmal International in the market of the People’s Republic of China and that of Turkey with new cosmetics products along with perfumes and cosmetics. Currently, Ajmal International deals in one category of...
12 Pages(3000 words)Essay
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 International business paper exam for FREE!

Contact Us