Resource nationalism is largely perceived as developing countries phenomena, with Latin America and African resource-rich countries leading the way in terms of increasing government stakes in the extractive process, mainly through tax and royalty regimes. Nonetheless, resource-rich developed countries, notably Australia and Canada have increasingly adopted resource nationalist policies that include the blocking of Chinese investments and the tightening of fiscal regimes in the extractive sectors. The failure of BHP Billiton’s bid for PotashCorp in November 2010 blamed by the company’s chairman, Jac Nasser, on a global trend towards “protectionism or nationalism” arguably represents an escalation of the politics of resource nationalism in the developed world.…
Barrick Gold's main communication problem has been formed by Barrick saying one thing, then doing something else; this inevitably caused a lack of trust between its stakeholders and the company. The problem has created hidden agendas and guarded communication, thereby slowing decision making and productivity. For example, Argentina passed a law that protected their glaciers and permafrost, “which looked as if it might prevent the Argentinian part of the project from going forward.” (Barrick Gold case, pp.11).…
The author of this paper’s intention is to present and examine a multi-national corporation. Dissect the how’s and what’s about it, and simply discuss its processes. The author will be giving a brief background on the company to easily elaborate how it is that the company is successful compared to its past. Its products and services will be conversed and the company’s industry will be discussed as well as its competitors and its market. Basically everything that has to do with the company will be discussed. Everything will be brought forth for the purpose of finding out what the company’s strategic management process is. In conclusion giving it a feasible action that can be applied to better the company overall.…
The role of Human Resource Information System(s) in any organization is to give employee asset visibility to enable management decisions and planning easier. In a perfect world, all employee records from hire to decision time would give a more complete picture on all employees past, present, and future value to the organization. The comprehensiveness of…
In this paper I will explore the history, background and practices of the Maquiladora industry. I will also discuss the negative aspects of Maquiladoras on its female labor force.…
Links: La comunicación empresarial y la gestión de los intangibles en España y Latinoamérica. Informe anual, 2005 pdf ebook 2c67ii…
Rio Tinto Disclosure Requirements of Property, Plant and Equipment Purpose of Presentation: 1. Provide a description of Rio Tinto and its activities in relation to Property, Plant and Equipment (PPE) 2. Analyse how the disclosure requirements of PPE met by Rio Tinto satisfy the two fundamental characteristics of useful financial information along with two enhancing characteristics. 3. State the extent to which the disclosure requirements of PPE align with the objectives of general purpose financial reports 4.…
How could working in a mine affect all of the indigenous communities that called this mining area home? Potosí is a mining city in Bolivia. Potosí was founded in 1545, after the discovery of silver. The Spaniards started getting their silver from Potosí because the costs to produce silver were extremely low. The Spaniards brought Indians to Potosí who provided the workforce in the mines.…
With the rapid advancement of international economic activities, especially from the greatest contributor such as multinational companies in local economies, it has become increasingly important for enterprises to analyze the industrialization process in other countries as well as relevant changes that influence how business operate outside their homeland. Many advantages have been attributed to the globalization movement of many countries. In a country like Chile these advantages could be seen in the constant decrease of their unemployment and poverty rates, the increase of GDP rates, the economic status compared to its neighbor countries, the increase in educational standards that allowed technology to flourish, and many more benefits. In this paper I will analyze how these benefits paired with other factors like political and cultural conditions positions Chile in a good place to be the country of choice for possible manufacturing operations outside the U.S.…
Not to remote PNG, to which most felt little connection.”24 D.S. Carruthers, then-Chairman of Bougainville Copper Ltd. describes the distribution of this money as “central to the emergence of the crisis… the argument revolved around three issues: the share for the provincial government, the share for the landowners, and the distribution of the landholders’ share among themselves.”25 • Inequality amongst compensation recipients. The amount of landownership compensation was not uniform across all individuals, this bled into other forms of favouritism that created frictions. In a nation that highly valued the principles of a ‘fair, honest and equal society’26 such actions potentially resonated harder than they would have in other parts of the world where wealth obtainment and individualism are acceptable and even part of common ideology. “[The Bougainvillean workers] with their newly acquired wealth… became a decisive force in the village… the power structure of the village was turned upside down… [they traditionally] held the values of voluntary commitment, duty and self-sacrifice for the good of the community as unquestionable truths.”27 They had distinct and well-defined understandings of how to lead ‘the good life’. “Striking changes had to be made to the Bougainvilleans notion about this style of life by the introduction and wider extension of the money economy, and by the development of a large-scale modern mining industry.”28 • Low levels of landownership compensation. The amounts issued to landowners did not reflect the enormous profits BCL was making, nor the inconvenience caused by construction, but they also failed to drastically improve the lives of many of the people who lived in the region. “Most of the payments… were quite small and in many cases were once-off payments. Their distribution amongst…
Cited: Robinson, James A., Ragnar Torvik, and Thierry Verdier. "Journal of Development Economics." Political Foundations of the Resource Curse. London: CEPR, 2002. 448-68. Print.…
Although NAFTA was originally implemented to modernize Mexico’s economy by creating manufacturing jobs for laborers, it favored wealthy national leaders and oversaw the detrimental effects it would have on the indigenous people of Mexico. The adoption of NAFTA between the three countries precisely began in December of 1992, when President Carlos Salinas of Mexico, President George H. W. Bush of the United States, and Prime Minister Brian Mulroney of Canada signed the free trade agreement ("Mexico Signs"). NAFTA was designed to expand the free flow of goods and services throughout North America and eliminate tariffs on exports for industrial and agricultural purposes among the three nations. NAFTA officially took effect on January 1, 1994. In…
Columbus, Christopher. “Letter to King Ferdinand of Spain, Describing the Results of the First Voyage.” www.xroads.virginia.edu. http://xroads.virginia.edu/...hyper/hns/garden/columbus.html (accessed November 26, 2012).…
For this reason this paper aims to dig a little deeper into the subject, but in this case study Chilean culture and investigate about how Chilean do business, for that is necessary to learn about the profile of the country which is all the general details like official language, type of government, principal industry, population, etc., also in this essay are going to analyze the 12 negotiation variables of this country, the Hofstede´s dimensions, its context communication and its culture and traditions.…
Michael and Jill Rodriguez both were hiking enthusiasts, from the same hobby, The two people fall in love and set up a South American Adventures Unlimited travel company. In the early days, the company's benefit is very good, but later met a lot of problems, such as spending beyond the cost budget, time budget problems, therefore, to the customer to make compensation, led to the decline in corporate profits, brother of Michael proposed project management advice, hope the company can make project management.…