among different nations. Since international business is the study of business activities that cross national borders and‚ therefore‚ is fundamentally concerned with the firms that undertake that business and the national Governments that regulate them‚ a theory that is unique to such business must explain the responses of businesses to government policies and the policy-making of Governments themselves towards international firms. Empirical studies have distinguished international from domestic business
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While outsourcing may be beneficial to some of the companies partaking in it‚ the general consensus is that it ultimately proves to be harmful to the American workforce. The act of outsourcing and shifting many company call centers and technical support teams‚ or “low skill service jobs‚” to foreign countries reduces jobs for those that could truly benefit from them within our own country. The unemployment rate has dramatically increased‚ and continues to rise‚ compared to what it has been in years
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Who are the winners and who are the losers in the globalisation process? Globalisation is a process that is going on around us no matter which part of the world you may reside‚ in one way or another you will be experiencing globalisation in one of its many forms. This practise brings with it ones who may benefit from the methods and in turn if one side is benefitting the other will be losing out. I will go on to identify who these players are and what positions they hold in globalisation. We have
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Who are the winners and losers of globalization? Globalization is the process of international integration arising from the interchange of world views‚ products goods and services‚ ideas‚ and other aspects of culture. It is featured in nearly every country in the world and this is through mainly the trading of goods from one country to another. Globalisation can bring wealth into a country as it brings in more products or materials to be sold or to produce many more goods locally and industrially
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U.S. White-Collar Jobs Offshore Economists have long argued that free trade produces gains for all countries that participate in a free trading system‚ but as the next wave of globalization sweeps through the U.S. economy‚ many people are wondering if this is true‚ particularly those who stand to lose their jobs as a result of this wave of globalization. In the popular imagination for much of the past quarter century‚ free trade was associated with the movement of low-skill‚ blue-collar manufacturing
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Focus: Moving U.S. White Collar Jobs Offshore Summary This feature goes to the heart of a debate that has been played out many times over the past half century—the transference of jobs from the United States to lower-wage countries. The difference now however‚ is that rather than blue-collar jobs being transferred‚ the new trend is for white-collar jobs to move‚ jobs associated with the knowledge-based economy. Suggested Discussion Questions 1. Will the United States suffer from the loss of highly
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Who Benefits From Affirmative Action? Who benefits from Affirmative Action? Affirmative action is the positive effort to recruit subordinate-group members‚ including women‚ for jobs‚ promotions‚ and educational opportunities. The phrase affirmative action first appeared in an executive order issued by President Kennedy in 1961. The order called for contractors to “take affirmative action to ensure that applicants are employed‚ and that employees are treated during employment‚ without regard
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Lauderdale-based Mutual Benefits Corporation (MBC)‚ was sentenced to 20 years in a federal prison. According to the Associated Press (2014)‚ Steinger was the mastermind of an insurance scam in which investors lost about $830 million between 1994 and 2004‚ affecting 30‚000 victims around the world. Mutual Benefits Corp was one of the largest fraud schemes in Florida history to date. Between 1994 and 2004‚ Mutual Benefits Corporation (MBC) “purchased life insurance policies from persons suffering from AIDS‚ the
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outsource its work it would have to do neither of the two. Outsourcing calls for the process of obtaining goods from a foreigner outside source. Almost every organization outsources in some way; typically‚ the function being outsourced is non-core to the business. By choosing to outsource jobs in developing countries‚ businesses can attain massive benefits while simultaneously strengthening the economies of the two partners. To some outsourcing may seem as a choice‚ but in reality its cost saving factors
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...conservative commentator Philip Oppenheim...argued recently that in Britain‚ it’s supermarkets that profit most from fair trade sales. They charge a premium for fair trade bananas‚ for example‚ while a "minuscule sliver ends up with the people the movement is designed to help"... Here is more. In case you don’t know‚ fair trade sells a product at a premium price‚ under the promise that the workers are treated better and paid more. But will that improve living standards? Hmm...this sounds
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