International Business Essay - 1863 Words

With the passage of time there will be many changes globally that would affect the economy of many countries. Globalization was one of the major changes that the world witnessed recently, and similar to this kind of major make over, there are expected to be more isolated yet more effective changes made. In the last 10-15 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and have raised a great deal of concern for millions of people. This is because of the fact that democratic principles might well be overwhelmed by capitalist endeavors. However, from a governmental perspective it appears that these strategies are ones that would not interfere with democracy. It seems that the†¦show more content†¦It aims to prevent crises in the system by encouraging countries to adopt sound economic policies; it is also—as its name suggests—a fund that can be tapped by members needing temporary financing to address balance of payments problems. By uniting several economies in the North Western hemisphere the alliances believe it can establish conditions in which trade would be most efficient. In order to implement such a strategy in the North Western hemisphere it must be realized that there are quite a good number of companies required to make it all possible (Lucas, 2003). Protestors believe that some of the biggest business owners want more and more autonomy from the government, and have in fact succeeded in blackmailing them into allowing them to implement the free trade. By implementing free trade, it is said that businesses that establish liberty to trade with whomever they want gain both power and profit. This kind of situation is something that is extremely dangerous to the 800 million people living in North, Central and South America. These same people produce an estimated CDN $15 trillion even though more than half of them live in poverty. It is feared that the alliances might have an immense influence on their lives and worsen their already pathetic standard of living. Though these kinds of fears still prevail with the existence of theShow MoreRelatedInternational Business Ventures2671 Words   |  11 PagesInternational Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. 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