Globalization – Threat or Opportunity? 1 Introduction Globalization is a term used to describe the political‚ economic and cultural climate of today’s world. Some say it is the movement of people‚ language‚ ideas‚ and products around the world. Others see it as the dominance of multinational corporations and the destruction of cultural identities. Since the dawn of man‚ economies have been changing and expanding‚ but most importantly‚ converging
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Introduction As organisations wish to move out of their domestic market and compete on the international stage they are faced with very differing business arenas. Different nations can vary greatly in relation to consumer behaviour‚ language‚ law‚ infrastructure‚ education and distribution structures. For companies to be successful‚ the way in which they deal with the tensions abroad is vital. (de Wit and Meyer‚ 2010). As these businesses compete on the world stage there can be some effects concerning
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The WTO unfairly benefits the developed countries and contributes to the exploitation of developing countries. Its structure should therefore be altered radically‚ or the WTO should be abolished altogether. In their argument‚ Jerry Milligan and Andriy Kabanets argue that‚ "the WTO is fair towards developing countries and even benefits them". Additionally Mr. Milligan and Mr. Kabanets argue that the WTO‚ "solves problems that otherwise would exist without the WTO and does not create new
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International Journal of Business and Management September‚ 2009 Problems and Prospects of Marketing in Developing Economies: The Nigerian Experience Sunday O. E. Ewah & Alex B. Ekeng Department of Business Administration‚ Cross River University of Technology Ogoja Campus‚ Nigeria Tel: 80-5901-4300 Abstract The study takes a holistic view of some of the problems facing marketing in developing economies‚ such as low marketing education‚ preferences for foreign products and low patronage for non-essential
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Paul Baran and Andre Gunder Frank are the originators of the concept of economic underdevelopment and it popularized during the late 60s. This is also known as the Baran-Frank thesis. The summary of the thesis was that industrialized rich nations obstruct or delay the development of poor nations by the help of policies and interventions designed to protect their global dominance over world trade and power. One of the main points the thesis layout is the concept of the development of the underdevelopment
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UNCTAD/ITE/IIA/2005/6 UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Geneva GLOBALIZATION OF R&D AND DEVELOPING COUNTRIES PART II UNITED NATIONS New York and Geneva‚ 2006 PART II Case studies Features and impacts of the internationalization of R&D by transnational corporations: China’s case Zhou Yuan1 In recent years‚ an increasing number of TNCs have established R&D laboratories and increased their R&D spending in China. This paper suggests that this internationalization
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The Success Factors of Developing Countries in Facing Globalization The question of whether globalization could give benefits for all countries in the world becomes an interesting issue. Rapid technological development in various fields and changes in global policies result globalization must be faced by develop countries and developing countries. The concept that globalization has caused negative impacts particularly for developing countries is not entirely correct. Globalization could bring
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Introduction In recent years‚ we can know the situations that many poor people in undeveloped countries are suffering from hunger and various epidemics by the television and the Internet. The first general response in developed countries to this is to feel pity for them and great sadness. And some people in developed countries sometimes say‚ “We have a responsibility to help suffering people in undeveloped countries. Let’s give the money to charity for poor people in undeveloped countries!!” However
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Recent studies show that there is an increasing rate of illiteracy all over the world.A study conducted by WSI(World Statistics Institute) shows that over 27% of people are illiterate globaly. Another study by the same institute shows that the speed at which illiteracy rate ascends is 32%. These rates are quite important‚ as illiteracy has terrible effects on society. The most important effect of illiteracy on society is that‚ it works as an inhibitor. That is to say‚ the more illiterate people
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The European Union should not let Turkey join the EU. The negotiations between Turkey and the European Union to join the European Union began already in October 2005. There are many arguments for allowing Turkey join the EU‚ but there are at least as many arguments against it. Should Turkey be allowed to join the EU (Rosenberg‚ Turkey in the European Union‚ 2008)? Many proponents think that Turkey’s location might be useful for the future. It can serve as a bridge between Europe and the Islamic
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