period for the United States and its economy. Election years bring uncertainty, not only to the financial markets ripe with speculation, but also the domestic and international businesses that will need to contend with possible policy changes that will accompany a transition of power. The November elections, while effective in sparking uncertainty, will have their greatest impact following their completion, when a new Congress and President will dictate U.S. economic policy. Apart from the election, the U.S. essentially…
of the organization. Politics, legal system, culture and the society in general play a crucial role in mapping out the organizations strategy especially in emerging markets. Peng & Khoury (2008) stated that the issues of institutional constraints need to be addressed in the forefront of international business theory and need not be considered as part of the background or underpinnings. In support of their argument Peng, Wang & Jiang (2008) used four cases to illustrate the absolute…
Emerging countries have the moral basis to claim Aid from Wealthier nations. High-income countries have the moral obligation to help them. For the hammer and the imposition of an economic order, that day by day affect developing countries, decreasing the quality of life of their people. In 1970, a new economic model was implemented, called “globalization,” a model that integrates and regulate how the international community interact. This trade agreement represents an agreement between states…
into the motivation of location path of Nigerian firms’ internationalisation process Paper type: Research Originality/Value Keywords: Internationalisation, Nigerian firms, multinational firms, internationalisation process, motivations and path Paper type Literature Review/Research paper 1. Introduction The study of the internationalisation process of emerging market multinationals (EMNCs) has gained prominence in the last two decades, this is as result of the economic growth and…
1. Introduction The study of the internationalisation process of emerging market multinationals (EMNCs) has gained prominence in the last two decades, this is as a result of the economic growth and transformation witnessed among the emerging markets (EM) in the period. The internationalisation phenomena have resulted in a surge of interest from international business (IB) scholars (Athreye & Kapur, 2009; Hoskisson, Eden, Lau, & Wright, 2000; Hoskisson, Wright, Filatotchev, & Peng, 2013;…
One major political event that occurred this year is the UK leaving the European Union (EU), which will mean the UK will lose its access to the Single Market, significantly effecting production both in and out of the UK. By leaving the Single Market, the government have made it costlier for UK based companies to trade within Europe, which has indirectly encouraged leaders to leave the UK and relocate to other countries. For example, the children’s toy manufacturer Smiffys has decided to leave…
THE IMPACT OF GLOBALIZATION ON BUSINESS According to Sarah Ganly (2010), “Globalization has also impacted management because it has led to many employees transfers to international locations. This causes the need for more management and forms of communication. This also requires management to consider the needs of employees in other countries and to offer compensation for relocation. Thus, management must consider a much larger market, more competition, and international employees.” With…
Indian activists have stated the app of “being just a Facebook proxy targeting India 's poor.” This is because the free app service provides only restricted Internet access to subscribers in India (Murthy). What is net neutrality? It is the principle that Internet service providers should enable access to all content and applications whatever the source, without favoring or blocking particular products or websites (Snyder). Recently Indian publishers decided to remove their services from…
developing countries began their economic liberalization. A notable example is China, which introduced economic reforms in the late 1970s, opening up the country to foreign investment. Another example is the case of Central and Eastern European countries that introduced major institutional and economic reforms after the fall of the Soviet Union in the early 1990s. Economic liberalization continued into the new century as more countries opened up their markets to the world’s multinational…
selling internationally to remain profitable. Before examining foreign markets, you have to be aware of the major trends in international business so you can take advantage of those that might favor your company. International markets are evolving rapidly, and you can take advantage of the changing environment to create a niche for your company. Growing Emerging Markets Developing countries will see the highest economic growth as they come closer to the standards of living of the developed…