Explain the term ‘globalisation’ and the role that multinational companies play in the development of globalisation. Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services and has therefore lead to increased trade between countries. This trade encourages countries to work together and removes trade barriers such as quotas and tariffs. This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country.
Such policies aim to increase the capacity of the economy to produce more goods and services by increasing the quantity or quality of the factors of production. A supply-side improvement can be depicted as a positive rightwards shift of the LRAS curve (LRAS to LRAS1). Price level Real Output Y1 Y LRAS LRAS1 Price level Real Output Y1 Y LRAS LRAS1 AN1 AN1 AP1 AP1 AN1 AN1 AN1 AN1 AN1 AN1 AP1 AP1 AN1 AN1 One fiscal policy that might be used to bring about the supply-side improvement of a larger workforce is a reduction in income tax. A fall in the marginal rate of tax, for example a reduction in the additional rate of income tax from 50% to 45% for income earned above £150,000 or an increase in the Personal Allowance threshold from £10,000 to £10,500, will increase households disposable income (post-tax take home). The resultant decrease in households’ replacement ratio (disposable income out of work ÷ disposable income in work) will encourage more people to actively seek work and thus increase the participation rate (the proportion of all those of working age that comprise the labour force and in the UK this figure is 75%) and thus increase the size of the labour force.
The Multitech was motivated to internationalize as they had increased their competitive positioning allowing cross subsidization of markets overseas. 3. Should Shih allow the development of the Aspire to continue? Why or why not? Be sure to incorporate the innovation models in Ch.
B. the stimulation of incentives to work, save, invest, and undertake entrepreneurial risk. C. the stimulation of consumption spending by households. D. the need for expansionary fiscal policy. E. the need for increased governmental involvement in the economy. 2.
In addition, it seeks to outsource functions where appropriate and to vertically integrate operations where it is financially advantageous to do so. Its strengths are in its assets and well-known brands that are aggressively advertised and promoted to each new generation of consumers.
The advantages and disadvantages of adding more independent retailers can be defined as follows: * Advantages * The company can achieve a more intensive distribution by adding more retailers, which would help increase market coverage and sales. * By being offered in additional locations, brand awareness would increase, thus increasing
Since workers are achieving higher educational levels, there is a resulting increase in the level of motivational needs. So, when OD is used in an organization, its results have to be measured. The criteria of effectiveness for OD practitioner are: • Stability of the OD effort after implementation. • Ability of client system to maintain innovation or the development of a self-renewal capacity. Since change is
Also, it showed the America’s foreign policy to the whole world. Accordingly, the United States would have more trade partners which was able to help it stabilize a free market and expand market in other
The IT industries, especially Microsoft, Amazon.com, press the Congress that there is a severe shortage of IT professionals, as a result, the quotas of H-1B visa holders should be increased. However, the government also plays a critical role in protecting the social stability by maintain the job opportunities for the native workers, as a result, the government should establish policies and legislations to balance and protect both the economy as well as the society stability by issue the proper quotas to the H-1B visas. The H-1B visa
HRD as a theory is a frame work for the expansion of human capitol within an organization through the development of both the organization and the individual to achieve performance improvement (Youssef, C., 2012). The concept of HRD has evolved from solely focusing on individual capacity to also building institutional capacity at the national level, through socio-economic policies and development plan and strategies. The need to enhance skills for emerging sectors such as green growth has become particularly important. Groups within organizations use HRD to initiate and manage change also HRD ensures a match between and individual and organizational needs (United Nations office of Ecosoc,