Trends in International Business Essay Example | Topics and Well Written Essays - 250 words

Trends in International Business - Essay Example Deregulation process has actually allowed global firms to expand and enter into the markets which were traditionally closed. Further, deregulation has created more efficiency and has allowed them to move beyond bureaucracies to implement better and more improved management practices. Deregulation of industries like Airline services has driven the prices down and further intensified the competition. This has therefore benefited common consumers to take advantage of lower prices and more efficient products and services. (Katsioloudes & Hadjidakis, 2012) The fall of Berlin Wall has actually paved the way for the integration of Europe and has allowed Eastern Europe to come out of the Communist influence. The changes in Eastern Europe since the fall has allowed these countries to become part of EU and thus gave access to new markets. International firms have also gained access to cheap labor in Europe besides Consumers getting low priced

Globalization as an ingrained culture of capitalism Essay

Globalization as an ingrained culture of capitalism - Essay Example The paper tells that through years globalization has raised doubts in our minds. There has been a constant debate on the pros and cons of globalization. Many have debated this phenomenon is a result of the telecommunication boom leading to turning the world into a global village. With a growing sense of unease among many of us, the current trends in global capitalism and global society are being constantly reviewed and reiterated. It has been argued by many theorists that the characteristic aspect of the globalized economy is the market economy. However, some have maintained that it is not so much market economy but capitalism that characterizes today’s time. Trying to understand the rules that guided capitalism in earlier days will help to understand the new form of capitalism, â€Å"globalization†, today. Eighteenth-century definition of capitalism refers to an economic and social regime in which the benefits and ownership of productive assets were appropriated by the minority to the exclusion of the many. The driving force was money which was used to make more money by any means available to those who already have a great deal. Capitalism has not been concerned with the efficient allocation of resources to meet the needs of common man thus resulting in inequality and deprivation mostly. The ideal of capitalism is a borderless global economy in which money and goods can be moved freely in search of short-term maximum profits without regard to the consequence for people, communities, and nature.