The Impact Of Economic Growth, Political And Economic Systems On The Essay

The Impact Of Economic Growth, Political And Economic Systems On The Internalization Of An Organization - Essay Example Collective growth is the major slogan put forward by globalization. The concept of business has been changed from the domestic spectrum to the international spectrum as a result of globalization. It should be noted that many of the prominent organizations in the world were struggling to develop properly because of the lack of opportunities for expansion in the domestic market. For example, before the introduction of globalization American coffee maker Starbucks was struggling to expand properly since they had coffee shops virtually in every corner of America. In other words, American market was highly saturated for Starbucks before the introduction of globalization. However, globalization helped Starbucks immensely in expanding their business beyond the boundaries of America. Internationalization of a business or an organization depends on many factors such as the political, economic and cultural factors in the target country. Suitable business climate is essential in the target coun try, for an organization to think about offshoring their business to that particular country. For example, no organization would think about establishing a business in Syria at present because of the huge political problems going on there. Same way, only few organizations may think about expanding their business to underdeveloped countries such as Ethiopia or Somalia. On the other hand majority of the organizations are looking for opportunities in Asian countries or BRICS (Brazil, Russia, India, China and South Africa) countries because of the huge economic developments in those countries. In short, political and economic climates in a particular country play an important role controlling its ability to attract foreign direct investments. This paper analyses the impact of economic growth, political and economic systems on the internalization of an organization. What impact does a country's political and economic system have on its economic development?   China is often cited as th e best example to prove how well one country can utilize the possibilities of globalization to stimulate economic growth. It should be noted that China was the number one critic of globalization initially. They believed that some hidden agenda is behind the introduction of globalization by capitalist countries. They argued that globalization is an attempt to loot the wealth of poor countries. Overholt, (2005) pointed out that China opposed the â€Å"global economic order, political order and the major global institutions such as the IMF and the World Bank before the reforms started in China† (p.3). According to Hersh & Schmidt (2000), China like socialist countries perceived globalization as the continuation of capitalism (p.3). However, they quickly realized the possibilities of global trade and globalization and started to make immense changes in its political and economic systems to attract foreign direct investments. It should not be forgotten that Deng Xiao Peng was the architect of modern China even though Mao Zedong is believed to be the father of modern China. Mao was adamant so that he never deviated from the policies of communism. He never allowed foreign organizations to invest in China and private capital in any form was unacceptable to him. On the other hand, Deng welcomed foreign capital and private capital with both hands. He has realized the fact that China cannot develop properly with the help of internal resources alone. Being the most heavily populated country in the world, internal resources of China were insufficient to meet the needs of the people. Chinese government was struggling to ensure proper living standards to its citizens

That which is accepted as knowledge today is sometimes discarded Essay - 4

That which is accepted as knowledge today is sometimes discarded tomorrow. Consider knowledge issues raised by this statement in two areas of knowledge - Essay Example For instance, as proven by Albert Einstein, it is known that the highest velocity that can be possible is the quickness of light, but it was observed that there is quicker velocity than the quickness of light. It is worth mentioning that whatever a person believes is based upon the authority as it decides what has to be accepted in the society. However, as there is a change in time accordingly there is a change in knowledge as well. Thesis Statement. Correspondingly, the objective of the essay is to discuss the issues relating to knowledge that have aroused and how the knowledge attained before can be discarded due to the changes occurred in today’s prevailing situation. Knowledge issues or problems associated with knowledge are terms which do not have a single definition as this definition might cause confusion. However, these issues are directly related to understanding the world. These issues are open to exploration and enquiry of strength along with problems relating to knowledge. These issues help in finding out how knowledge can be of assistance along with limitations of knowledge in collaboration with the approaches of explanation and confirmation in different aspects of knowledge. In a broader perspective, knowledge issues include an assortment of aspects which could be approached from the Theory of Knowledge (TOK) viewpoint wherein it allows exploration, discussion and development of the issues. For instance, most frequently raised questions by students, â€Å"Are the textbooks and questions provided by the teachers’ right?† is a knowledge issue when it is framed appropriately in TOK objectives along with aims context (Carroll , â€Å"Knowledge Issues†). Moreover, it can be expected that if the knowledge issue is treated properly then it would certainly deal with aspects that can be interlinked in different relevant ways. This is the reason because of which the knowledge issue is treated in