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Essay / Research Paper Abstract
This 9 page paper looks at different aspects of globalization. The paper starts wit the reasons behind the drive towards internationalization and the rise of the global enterprise, then at the obstacles to overcome including political and cultural constraints and environmental complexity. The paper then considers how a company can plan to succeed with a global strategy and how they may convince a government of the benefits that can be achieved. The last part of the paper then consider the important role of the treasury when a country is trading in the international markets, such as controlling exchange rates. The bibliography cites 8 sources.
Page Count:
9 pages (~225 words per page)
File: TS14_TEimpglo.rtf
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Unformatted sample text from the term paper:
granted that kettles might be manufactured in Taiwan, a television may originate in Malaysia, and the small toy found in a McDonalds happy meal may have been made in Korea.
These are symptoms of a world where trade occurs over boarders on a global basis, with countries being attracted to the global arena by the perception of increased cash flow
for their economy and prestige in the world arena. The level of trade and the frequency has increased as communication and transportation
have increased. The reasons for the advantages may be manifold and will be determined by market drivers. The need may be driven by a saturation of an existing home market
and for continued growth an alternative market must be found. Increased competition in the home market, or in the existing markets may also be drivers. These drivers are all push
factors, pushing the company to expand. Pull factors may also be drivers for the globalisation of business, pull factors will make an alternative country look attractive, it may be due
to lower production costs, or an alternative competitive advantage that is perceived in the expansion. The prospect of globalisation has been heralded
by many as a potential revolution that could be used to improve social development and economic development prospect throughout the world (Africa News Service, 1999). It can be seen that
with all the different changes, such as trading blocks and reducing tariffs, that international trade is becoming a simpler process, and more accessible to all the worlds nations (Africa News
Service, 1999). It has been stated, by Joseph Stiglitz, a chief economist, that "Globalisation is like a giant wave, that can either capsize or carry them forward" (Africa News Service,
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