‘It might be argued that the benefits accruing to developing countries from the presence of multinationals operating under and export oriented strategy is greater than in the case of those operating under an import substitution strategy.’ Discuss.
“The eclectic paradigm combines elements of quite dissimilar approaches to international production, and so it should not be misunderstood as itself another general theory: ‘precisely due to its generality, the eclectic paradigm has only limited power to describe or predict specific kinds of international production; and even less the behaviour of individual enterprises,”(Dunning, 1988a). Discuss.
‘Several developing countries have joined one regional integration group or another with the hope of addressing common problems in a collective and coordinated manner. One objective has been the enhancement of growth and development via a collective effort. Regional economic cooperation has been considered as a means of promoting raised intra-regional trade and economies of scale by pooling small and fragmented domestic markets to support industrialization strategies’.
Discuss in the light of the advantages and costs arising from the establishment of regional initiatives.
Discuss and illustrate the four criteria of the evaluation framework. Please give concrete instances to ascertain their significance.
Discuss and illustrate the five main drivers of globalisation and ascertain whether they have helped to reduce the gap between rich and poor countries.