International Business Essay Example | Topics and Well Written Essays - 750 words - 5

International Business - Essay Example 264). The barriers to international investment and trade have decreased, and there exists enormous markets for goods and services. Companies from different nations are investing into many countries at an unprecedented scale, and the competition is increasing and becoming intense. The mangers now need to understand the competition from an international perspective, and consider how globalization is affecting their companies’ abilities to compete with other companies, and the strategies they need to adopt so as to exploit the unfolding opportunities and deal with any competitive barrier (Hill & Jones 2007, p. 264). Historical background to globalization of production and markets The past half of the 20th century has resulted into dramatic lowering of barriers to international investment and trade. For example, the average tariff rate on goods manufactured and traded between advanced nations continues to decrease from 40% to 4 %. Similarly, governments have removed regulations th at prohibit foreign companies from entering into domestic markets or establishing production facilities or acquiring domestic companies. The two developments have resulted into an increase in the volume of the foreign direct investment and international trade. The volume of the world goods continues to grow faster than the world economy since 1950. From the year 1970-2005, the volume of world merchandise traded throughout the world continues to surpass the expansion of world production. Additionally, between the year 1992- 2005, the world trade value increased by 140%, the world output by 40% and the total flow of foreign direct investment globally increased by over 500%. These trends have resulted into the globalization of production and the globalization of markets (Hill & Jones 2007, p. 265). Globalization of Production Globalization of production is the tendency by many companies to source goods and services from different countries around the world so as to benefit from the exi sting differences in the quality and the cost of factors of production such as energy, land, capital and labor. Through globalization of markets, companies reduce risks and cost and compete effectively with other companies (Weng Feng Xiang 2009, p. 9). Companies establish globally organized production system so as to integrate production activities across many countries. Globally organized production also refers to global commodity chains and is of two types: Produce driven chain and Buyer driven chain. The Producer-driven chain is responsible for coordination of production networks across countries as in the production of computers. Buyer driven chains comprise of large footwear and clothing manufacturers and large retailers. Companies establish the chains in low wage economies to produce low-cost goods that have brands to represent the manufacture or retailer. A good example of a buyer driven chain in the world is the Nike Company (Needle 2010, p.19). The globalization of producti on increases as companies take advantage of decreasing barriers to international investment and trade to disperse crucial aspects of their production process throughout the world. For example, foreign companies built 30% of the Boeing Company commercial jet aircrafts (777). The Boeing Company is pushing the outsourcing of its jet airliner 777 model further to foreign companies (65%), 35% to three Japanese companies and 20% to Singapore, Italy and the United Kingdom. The reason behind outsourcing by

Developmental Difficulties and Young Offenders Essay

Developmental Difficulties and Young Offenders - Essay Example As the review is based entirely upon research, we would examine each issue in the light of scientific findings supported by well-known theorists. In the end the evaluative findings would be summarised by a brief conclusion. In order to measure the depth of psychological influence on young offenders, it would be a mistake if we lag behind in considering the developmental changes that indulge young children into several difficulties, which reveal only when they become offenders. These difficulties having more to do with psychology, and the issues, which are related to it, are psychiatric disorders escorting towards bullying, crime, depression and suicidal behaviour, take place mostly between the ages of 12 to 25 years. If we analyse the stages of development according to Freud's theory, he believed the early years of life to be the most crucial determinants of personality formation and that every child passes through defined stages of development, each of which is dynamically different. So Freud felt that each of us must successfully negotiate these stages of development. If we fail, personality difficulties of various degrees are likely to appear. Piaget's theory advocates children's understanding of right and... Lawrence Kohlberg borrowed Piaget's two stages of moral reasoning into three developmental levels. Level 1, 'Preconventional Morality' refers those youngsters who avoid punishment and do things for the sake of their own personal gain, the second level 'conventional morality' is the level of reasoning in which right and wrong are defined by conformity to law and moral rules while third and highest level 'post conventional morality' refers to those who allow moral rules to be changed or broken for the sake of higher order moral principles. So it is clear that young offenders uphold in the third category where their perception allows everything fair and morally right for them. Kohlberg's theory distinguishes between "what is right" and "why do right" and research suggests that such offending attitude lies in between 'what' and 'why'. Piaget's theory depicts cognitive development from infancy to childhood as a series of four stages, each characterised by distinctive modes of thoughts that differ qualitatively from thinking in earlier and later stages. It is from those distinctive thoughts we can visualise each and every child reacts in a different manner to different circumstances. Some children perceives an offending attitude when they are subjected towards negligence and are sensitive while others not. So, it is very easy to associate youth with offending attitude but according to researchers to highlight the major aspects behind the scene is probably a difficult task. The concern is not the young offenders but the difficulties they are confronted to and the reasons behind such attitude is the major task, which is often neglected by us. According to Inhelder and Piaget the main area to be emphasised upon is the psychological