International Business

  • Uncategorized

InternationalBusiness

UniversityAffiliation

Question1

I am a proponentof globalization. There are various advantages associated withinternationalization. For instance, it helps in integratingtechnology especially in the undeveloped countries (Hill,2016). Thistechnological spread happens when firms from the strong economiesrelocate their operations to the developing world. This exchange isresponsible for the reduction of poverty since it involves conductingtrade beyond political boundaries across regions and nations. Itfacilitates movement of people to areas that are endowed withresources hence giving them a chance to improve their economic lives.Globalization is responsible for the development of stronger tiesamong countries by creating interdependence among economies. Suchdependence leads to the development of peaceful conflict resolutionmechanisms due to the value that countries place on partnerships.

Regardingglobalization, everyone is a winner. However, the difference is inthe magnitude of the victory. The developed countries tend toregister greater gains due to their superior capital outlay hencehigh bargaining power. However, it is notable that even the lessdeveloped countries are catching up in this game. As such,globalization is not a zero-sum game. Through globalization, everyonecan benefit if there is a consideration for the weaker party,especially in the business negotiation.

Question2

I agree with theapplication of the Foreign Corrupt Practices Act to any United Statesfirm that is involved in overseas business. This assertion isinfluenced by the fact that the United States has been on theforefront in the fight against international and local corruption(Hill, 2016). This act, therefore, strengthens this fight by ensuringthat local United States firms are operating within the set standardsof transparency in their transactions with their internationalpartners. This act is a positive contribution to internationalrelations since it ensures that the existence of a fair playing fieldamong various operations. For instance, the corrupt practices of theChiquita brands made them develop ties with terrorist groups like theColombian Paramilitaries who were responsible for promoting divisionin the country (Lubinski &amp Fernandez, 2013). Such links withorganizations that are not operating within the legal confines oftheir countries do not serve to promote international business. It iscrucial to note that the financial strength of theUnited States firms puts them above the rest in the fightagainst corruption hence the need for the implementation of this act.Another example is that local businesses in foreign countries will bemore open to dealing with organizations from the United States ifsuch entities are known to play openly. Hence, this act is a crucialcontributor to the conduct of international business.

Question3

Culture refersto the knowledge, art and the customs of communities (Hill, 2016).Due to the interactions among various groups of people, culture keepsevolving. One of the major contributors to cultural change isglobalization. It has facilitated interaction of all cultures henceleading to adoption of practices from one culture to another. Also,increased communication among the human population means that manypractices will keep changing as people learn from each other. Anothercontributor to the evolution of culture is economic progress. Asindividuals develop economically, they tend to use their resources toexplore aspects of other societies like food or art. Such practiceseventually lead to cultural interchanges with different peopleadopting trends from other regions. In conclusion, it is evident thatculture evolves.

References

Hill, C.W.L.(2016). : Competing in Global Marketplace(11th Ed.). Retrieved from http://www.mheducation.com/highered/product/international-business-competing-global- marketplace-hill-hult/1259578119.html

Lubinski,C., &amp Fernández, P. P. (2013). Familymultinationals: Entrepreneurship, Governance, and Pathways toInternationalization. London: Routledge

International Business

  • Uncategorized

InternationalBusiness

UniversityAffiliation

Question1

I am a proponentof globalization. There are various advantages associated withinternationalization. For instance, it helps in integratingtechnology especially in the undeveloped countries (Hill,2016). Thistechnological spread happens when firms from the strong economiesrelocate their operations to the developing world. This exchange isresponsible for the reduction of poverty since it involves conductingtrade beyond political boundaries across regions and nations. Itfacilitates movement of people to areas that are endowed withresources hence giving them a chance to improve their economic lives.Globalization is responsible for the development of stronger tiesamong countries by creating interdependence among economies. Suchdependence leads to the development of peaceful conflict resolutionmechanisms due to the value that countries place on partnerships.

Regardingglobalization, everyone is a winner. However, the difference is inthe magnitude of the victory. The developed countries tend toregister greater gains due to their superior capital outlay hencehigh bargaining power. However, it is notable that even the lessdeveloped countries are catching up in this game. As such,globalization is not a zero-sum game. Through globalization, everyonecan benefit if there is a consideration for the weaker party,especially in the business negotiation.

Question2

I agree with theapplication of the Foreign Corrupt Practices Act to any United Statesfirm that is involved in overseas business. This assertion isinfluenced by the fact that the United States has been on theforefront in the fight against international and local corruption(Hill, 2016). This act, therefore, strengthens this fight by ensuringthat local United States firms are operating within the set standardsof transparency in their transactions with their internationalpartners. This act is a positive contribution to internationalrelations since it ensures that the existence of a fair playing fieldamong various operations. For instance, the corrupt practices of theChiquita brands made them develop ties with terrorist groups like theColombian Paramilitaries who were responsible for promoting divisionin the country (Lubinski &amp Fernandez, 2013). Such links withorganizations that are not operating within the legal confines oftheir countries do not serve to promote international business. It iscrucial to note that the financial strength of theUnited States firms puts them above the rest in the fightagainst corruption hence the need for the implementation of this act.Another example is that local businesses in foreign countries will bemore open to dealing with organizations from the United States ifsuch entities are known to play openly. Hence, this act is a crucialcontributor to the conduct of international business.

Question3

Culture refersto the knowledge, art and the customs of communities (Hill, 2016).Due to the interactions among various groups of people, culture keepsevolving. One of the major contributors to cultural change isglobalization. It has facilitated interaction of all cultures henceleading to adoption of practices from one culture to another. Also,increased communication among the human population means that manypractices will keep changing as people learn from each other. Anothercontributor to the evolution of culture is economic progress. Asindividuals develop economically, they tend to use their resources toexplore aspects of other societies like food or art. Such practiceseventually lead to cultural interchanges with different peopleadopting trends from other regions. In conclusion, it is evident thatculture evolves.

References

Hill, C.W.L.(2016). : Competing in Global Marketplace(11th Ed.). Retrieved from http://www.mheducation.com/highered/product/international-business-competing-global- marketplace-hill-hult/1259578119.html

Lubinski,C., &amp Fernández, P. P. (2013). Familymultinationals: Entrepreneurship, Governance, and Pathways toInternationalization. London: Routledge

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