Many developing countries have joined one regional integration group or another with the anticipation of addressing common problems in collective and coordinated mode. One objective has been the improvement of growth and development through 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.
describe the four criteria of evaluation framework. Please give actual exs to discover their importance.
“The arguments for and against globalisation can effortlessly be related to those for and against multinationals. In The Economist (January 2000), it is said that throughout the 1990’s multinationals were seen as the bringers of foreign capital, technology and know-how. The same can be said of the integration of world markets, it too brings these merits. The problem with multinationals is that there are becoming too powerful and are threatening to become more powerful than the governments of smaller nations’. Globalisation, as well, is threatening to become uncontrollable” (Hudson, 2001).
Discuss the above statement in light of the impact of multinationals on world economy and the extent to which they have a bearing on the effects of globalization.
describe the benefits and costs of alliances or joint ventures and entirely owned subsidiaries as alternative modes of entry.
Illustrate the relevance and pertinence of the eclectic paradigm as a general framework for describeing international production in today’s globalised world.