...Pros and Cons of Globalization Dianna L. James MBA607 November 22, 2014 Jeff Knott, Instructor Abstract Within this writing, we had to research the pros and cons of globalization. However, one needs to know the definition of globalization. Globalization is a process in which we trade with other countries in the stock market or imports/exports of goods and services. However, globalization is not as easy as saying the word, there are many issues that are important to know, one is the laws of any given country. Korea is a good example where they have non-flexible laws that a business that wish to produce their good though their country they need to be abided by in all sense of the word. When visiting the country you need to be well aware of the culture differences and conform to the culture of the country you are visiting. There is one basic question associated with the pros and cons that needs to be answered. “How can firms and governments help to reduce the amount of resistance that might result from its implementation” (From instructions for week one assignment)? Key Words: Trading, Country, Laws, Pros, and Cons, Globalization Pros and Cons of Globalization Within this writing, we had to research the pros and cons of globalization. However, one needs to know the definition of globalization. Globalization is a process in which we trade with other countries in the stock market or imports/exports of goods and services. However, globalization is not as easy...
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...Foreign Intelligence Surveillance Act: The Pros and Cons of Section 703. The FISA Act was created to govern the gathering of foreign intelligence. In 1952, President Thurman established the National Security Agency within the department of defense. The NSA is the premiere signals intelligence agency. In the United States Intelligence Community, agency efforts are channeled through the Director of National Intelligence (DNI). The American intelligence community works closely with foreign intelligence agencies, especially on SIGINT matters. The members of the Cold War era UKUSA Agreement (Australia, Canada, New Zealand, United Kingdom, and the United States) also known as ‘Five Eyes’(FVEY), are partially close collaborators. In the 1950’s the Executive branch was largely in control and unchecked by the Legislative and Judicial branches on Foreign intelligence matters. Some surveillance policies were narrowed due to constitutional concerns. The authority for foreign intelligence was identified in the President’s inherent Article II of the Constitution powers and a key legal check on that authority was the Fourth Amendment. The fourth amendment as interpreted by...
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...The Pros and the Cons of Middle East Policies Name of Student Institution. The Pros and the Cons of Middle East Policies Background The international politics and relations are currently being dominated by the issue of the Middle East and the US relationship. It is, therefore, important to look at the factors that have resulted in a fragile relationship between the world superpower and the Middle East. For decades, the Middle East has been dealing with power struggles, Israeli-Palestinian border conflict, and the Arab-Israeli war. Some states in the region are pushing for constitutional monarchies or liberal democracies. My essay will examine the underlying animosity between these nations. It will also look at the pros and con of the American policies towards the Middle East and the ways it has succeeded. Hypothesis The USA is doing enough in its dealings with the Middle East. Analysis There has been an ongoing debate regarding the question of what the US’s foreign policies are towards the Middle East. Two main defense strategy objectives were resulting from the Pentagon’s Defense Planning Guidance between the year 1994 and 1999 (Reveron et al., 2014). This period was prior to President Bush Jr. Administration and has since then become more relevant. The primary objective was to deter another world war or an extreme enmity like the one portrayed between the former Soviet Union towards America. A new region strategy has therefore been put in place to prevent a hostile power from...
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...Becoming Global – Contracts & Offers Professor: Tonya Floyd LAWS 310 Devry University Table of Contents Introduction…………………………………………………………………………….. 3 Definition of Contracts…………………...........................……………………………… 3 The Greenleaf Manufacturing Proposal Analysis …………………………………………. 3 The Sunrise Ltd Proposal Analysis......................…………………………………………. 4 The Groupo Embraco Proposal Analysis.......................…………………………………. 4 Pros & Cons ...……………………………...........................................................………. 5 Domestic Sourcing……………………...........................................................………. 5 Foreign Sourcing…….......………………...........................................................………. 6 Contract Liability... …………………………………………………………..………... 7 Conclusion………………………………………………………………….…………... 8 Introduction Gloria’s business is going global and many decisions need to be made in order for her to fulfill her clientele’s needs. She needs to make decisions that make sense for her and her business. We will start by providing the definition of contracts and offers in our textbook, so we can have a clear idea of what we are about to discuss next. We will explore and analyze 3 different scenarios or proposals to suggest Gloria which one makes more sense for her business and her clients. Having the opportunity to expand her business and take it to the next level is definitively...
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...the forefront of his economic-growth policy known as "Abenomics," proclaiming a goal to fill 30% of leadership positions in Japan with women by 2020. Major issue: Female Labor shortage is becoming an acute problem in Japan. Labor intensive industries are increasingly unable to fill their vacancies due to which Japan is suffering from economic stagnation. Or Japan suffers from one of the lowest rates of female workforce participation in the developed world. Minor issues: * Lack of childcare facilities, * Badly developed career support. * The country also suffers one of the lowest birthrates in the developed world. * A culture of Gender discrimination which results in many women remaining at home. * Women quit their jobs, they are not career oriented * Major Objective: According to this article the ultimate goal is to enhance Japan robust economy through economic-growth policy known as "Abenomics," proclaiming a goal to fill 30% of leadership positions in Japan with women by 2020 and increases the number of womens in Japanese work force. Or Enhance Japanese economy through employing more women and alleviating them to leadership positions as well. (sir ne kaha tha short hona chaye objective) Minor Objectives: * The idea of making Japan more accessible to foreign workers. * To make equal salary wages for women’s because women’s earn low as compared to men’s * To make proper policies for women’s in Japan so that they...
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...that have arisen surrounding the different customs, laws and liability issues inherent in such an expansion. Even with China’s history of patent protection and contract enforcement problems, the opportunity to stake a claim in China’s ever expanding economy makes this a risk worth taking. With China’s sometimes problematic approach to international business, it is imperative for NGT to protect itself and its’ interests. Our team spent a great deal of time discussing the extent to which NGT should be liable with this new venture. Wholly Owned Subsidiary Pros: -Enables the owners to maintain the most control over the international venture -Allows for in-depth oversight of operations Cons: -Places NGT solely liable if issues occur Joint Venture Pros: -Immediate market presence with local contributors familiar with the laws and customs of the foreign nation -Allows for decreased liability than a wholly owned subsidiary Cons: -Does not allow for the extent of control inherent in a wholly owned subsidiary, contractors have more input Final Recommendation: Our final recommendation is that NGT would be best served by a Joint Venture. NGT has the best...
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...part of the culture as such. In particular for very large international companies, with subsidiaries spread all over the world, to keep track of unethical practices may be difficult, as to maintain the integrity of the corporate culture in all the people involved in the organization, from the employees, sales managers and top management. Every country has a different culture, and every culture has its own level of tolerance against corruption. Since bad practices like bribery are well ingrained both in the countries’ culture, as well in the companies’ culture, it is evident that changes do not happen over-night, and to draft an anti-bribery policy and post it in the office blackboard is not enough. The aim of this paper is to analyze several perspectives on the topic, taking the reader into the discussion by giving him/her pro and cons by analyzing a specific company and his cultural and managerial issues when facing a period of internationalization and internal changes. 1.2 Company profile Starnes-Brenner Machine tool company is an international company situated in Iowa city, United States, that owns a small-one man sales office in Latino, South America, headed by a very successful man but with an unique style in his method of operating, called Frank Rothe. He has worked in Latino, one of the major Latin-America country, for a long time and he is going to retire in a short time, 8 months. Under the...
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...terms of growth and expansion but also sales and profits. Main alternatives involve maintaining the status quo, divesting of the Bumble Bee operations or changing the approach of the organization. It is recommended that the company should pursue the third option. That is, it should decentralize decision-making, which would allow for Bumble Bee to be a more self-sufficient operation; it should not make use of purse-seine fishing techniques, which capture not only tuna but also dolphins; and it should market itself as a premiere, ecologically-friendly brand. This would cost the company more, however, it would also position Unicord in the market as an environmentally-conscious, efficient organization, which can and should increase profitability Problem Statement The main problem is that Unicord’s subsidiary Bumble Bee, and the company as a whole, is in significant difficulty concerning loss of sales as well as debt. This, of course, is rooted in a number of related problems, such as the political, environmental, technological, social/cultural and economic problems that the company faces. For example, in terms of Bumble Bee, the company must deal with the issue of Unicord as a foreign investor, which raises a number of concerns. Also, Unicord must deal with the political issues that have evolved regarding the harvesting of tuna and the subsequent killing of dolphins as a result of the technology that is currently utilized. In addition, it is evident that the takeover of Bumble Bee...
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...\ eighth edition Global Business Today CharlesW. L Hill University of Washington McGraw-Hill Irwin contents PREFACE xiii PART ONE Chapter One Introduction 4 What Is Globalization? 6 The Globalization of Markets 6 The Globalization of Production 7 The Emergence of Global Institutions 9 Drivers of Globalization 11 Declining Trade and Investmen t Barriers 11 The Role of Technological Change 14 The Changing Demographics of the Global Economy 16 The Changing World Output and World Trade Picture 16 The Changing Foreign Direct Investment Picture 18 The Changing Nature of the Multinational Enterprise 19 The Changing World Order 22 The Global Economy of the Twenty-First Century 23 The Globalization Debate 24 Antiglobalization Protests 24 Globalization, Jobs, and Income 26 Globalization, Labor Policies, and the Environment 28 Globalization and,National Sovereignty 29 Globalization and the World's Poor 30 Managing in the Global Marketplace 31 Key Terms 33 Chapter Summary 33 Critical Thinking and Discussion Questions 34 Research Task 34 Closing Case: Legal Outsourcing 35 Introduction and Overview 2 Globalization 3 PART TWO Chapter Two Country Differences 36 National Differences in Political Economy 37 Opening Case: Ghana: An African Dynamo 37 Introduction 38 Political Systems 39 Collectivism and Individualism 39 Democracy and Totalitarianism 42 Economic Systems 44 Market Economy 44 Command Economy 45 Mixed Economy 45 Legal Systems 46 Different Legal Systems 46 Differences...
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...3. What do family-friendly policies entail The best and highly used perspective when looking at family friendly organisation is how they value work life balance. Callan (2007) added to this issue by mentioning that the behaviour and work climate also affect the level of how the concept of family friendly policies is practised. Influence rather than enforcement is key when it comes to implementing Family friendly policies. In Callan (2007) article we read about how the family-friendly policies affect organisational cultures and employees believes. It’s easy to look at it from work-life balace in “balance’ perspective. Through this notion it is easy to deduce that this refers to finding equilibrium between your work and personal life. This...
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...international trade and investment and aided by information technology. It affects every aspect of a person’s life, and it affects each person in a different way and on a different level. It can affect and greatly impact such things as religion, language, environment, geographic location, education, health care, employment, food products, clothing, and even music. Benefits of Globalization: Globalization can prove beneficial for some. According to an article on manufacturing.net website, author Mike Collins cites the benefits of globalization as (1) it promotes global economic growth, creates jobs, makes businesses more competitive, and lowers prices for consumers ; (2) it affords poor countries the opportunity to develop economically through foreign capital investment and technology and to create a democracy that respects human rights; (3) it helps raise the global economy, but only when the involved powers to be maintain mutual trust and respect for one another; (4) it provides a world-wide market for companies and comsumers to access products from other countries; (5) it a world power where politics are emerging and decisions are being made that are actually beneficial for people all over the world; (6) it creates a greater influx of information between countries; (6) is allows for cultural intermingling, allowing countries to learn more about other cultures; (7) it presents the opportunity for countries to share financial interests; (8) it creates a greater tolerance and experience...
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...the attention of some foreign firms, and additional business ventures will analyzed. China’s second-largest airline has proposed a joint-venture offering shares, profits, cultural know-how for equipment and managerial know-how. Australia’s HNZ group has proposed an acquisition and has offered their staff, equipment, and cultural know-how in exchange for technological expertise and heavy equipment. Finally the sister corporation VIH Cougar in the Gulf of Mexico could be further expanded. The analysis completed was a competitor analysis; Bristow, PHI, and CHC are all industry leaders bringing their own expertise to the table. Bristow is one of the largest companies in the industry and recently started using TCAS2’s (traffic collision avoidance system) for new equipment. PHI dominates the North American oil and gas market, and has the most air time experience of all firms. CHC also has strong ties with oil and gas firms, but after a significant loss they are looking to be acquired by another firm. Overall the helicopter industry is growing due to the new exploration sites for oil and gas, and many opportunities exist. The second part of the analysis was comparing the economic, political, legal systems: and cultural, ethical, and human rights standards of the three countries to gain further insight into the degree of risk each country has. Australia has proven to have a resilient economy during the recession due to the growing oil and gas industry. Foreign business has been encouraged...
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...Introduction The Lotus Rental Car’s Chief Financial Officer is making an assessment on the feasibility of adding alternative fuel vehicles to the fleet. This analysis will cover the Energy Act of 1992 concerning the alternative fuel sources, explain the pros and cons of using alternative fuel technology such as Hybrids, Battery power, Diesel, Biodiesel, and Natural Gas, and also the factors that will impact the American people having to find resources easily, which can be difficult. Energy Act of 2005 As early as 2005 the United States knew that we could not rely on fossil fuels indefinitely and did not want to rely on foreign oil. The Energy Act of 2005 sec 301 defined what the Alternative Fuels are: Ethanol, Biodiesel, Propane, Natural Gas, Hydrogen, and Electricity are all naturally produced domestically in the US. Currently the US has learned that burning gasoline is bad for the environment, and when you burn gas you create bi products such as Carbon Dioxide, Nitrous Oxide. According to an EPA study the Green House gasses that affect out atmosphere are made up of 82% Carbon Dioxide, 3% Fluorinated Gas, 6% Nitrous Oxide, and 9% Methane.(Refer to graph 1). Overview of Green House Gases EPA.gov As you can see the bulk of the emissions are carbon monoxide and carbon dioxide. The global goal is to reduce the amount of carbon emissions in the world, not just in the US. The goal is to create a smaller carbon footprint...
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...9/19/2011 International Business Management, Group Assignment (1) September 19, 2011 1. What do you think motivated Disney to set up parks abroad, and what might be the pros and cons from the standpoint of the Walt Disney Company? Disney is motivated to set up parks throughout the world to expand its sales of merchandise goods as well as attendance to their theme parks. The management realized how successful they were in the US and that their resorts attracted a lot of foreign travelers. Realizing this allowed them to consider tapping into the global market, which would mean more profits and a more global company. In addition, with the expansion of the parks, Disney can play a role in spreading advertisements of their movies and the ideology that Disney is a Place of Dream and happiness. Disney is motivated to also acquire more resources by their expansion, for example, Disney wants to create a park in Shanghai so that it can facilitate in probably creating a Disney channel for the Chinese people. Lastly, Disney wants to minimize the risk of their parks in America in case they do poorly they can gain their profits in Asia or Europe. Pros from the standpoint of the Walt Disney Company can be shown the following. • Great reputation and worldwide brand recognition; lots of pride in making magic happen for guests and consumers. • • The culture is extremely collaborative and exchange. • Plenty of opportunity for exposure into multiple areas. • ...
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...and world economy, is a trade policy embroiled in controversy. It is considered by most economists to be an almost perfect trade policy, barring a few negative effects. Free trade has been shown to increase production, output and income levels in an economy. However, there are many people that view free trade as destroyer of economies and a catalyst of poverty. Critics of free trade have pointed out that in the short-run, free trade causes a loss of jobs which in turn causes a rise in poverty levels. It is interesting to note that the argument for free trade and the argument against free trade are inverses of each other. Proponents of free trade see it as a tool to stimulate an economy while detractors see it as a policy which exacerbates poverty, causes dependency and reduces economic stability. In general, there is no consensus on free trade. Economists see free trade as the devil that we know. While imperfect, it is the best we have to work with. Popular opinion sees free trade as a cause of inequality. Even though it alleviates poverty and causes economic stimulation in the long-run, it can cause the exact opposite in the short run. The pros and the cons of free trade must then be weighed, which will then allow us to determine if free trade is truly a beneficial trade policy. Therefore, this discussion will weigh the benefits and harms of free trade and will prove that although imperfect, free trade is the best trade policy we have to work with. While free...
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