By George Cairns
With the last word query of why learning the realm of foreign enterprise is critical to you as somebody, George Cairnes and Martyna Silwa current an astute, conversational, and stimulating exploration of latest overseas company. With concerns comparable to the problem to ideas of commercial within the context of buying and selling blocs, protectionism, and constrained exchange; the results of foreign governing our bodies of the just like the WTO, the IMF and the realm financial institution; and the way each person and every thing matches into the bigger photo. This brief ebook seems to be at a really substantial and engaging box with humor and insightfulness.
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Additional resources for A Very Short, Fairly Interesting and Reasonably Cheap Book about International Business
To Porter, the workforce may constitute a source of competitive advantage not only in terms of the available skill levels, but also, in relation to the cost of employment. As such, some countries are seen as attractive locations for establishing operations as long as they are able to offer a bountiful supply of cheap labour, coupled with other factors that are favourable to the investing company. qxp 50 8/7/2008 10:09 AM Page 50 International Business of facilities and infrastructure and, in the most extreme cases, exemption from any labour controls and employment laws.
Such exhortations, however, ignore the reality of a world in which the power and impact of political and economic agents are inescapable. In the contemporary world of international trade, even ‘low cost’ economies now lose out to ‘even lower’ cost areas of production. qxp 32 8/7/2008 10:07 AM Page 32 International Business from the UK, now find themselves unemployed as business is moved to India and China. Similarly, the shipbreakers of Chittagong in Bangladesh (see Chapter 2 for more on this) now fear for the loss of their jobs to China, with its high demand for steel.
As such, for Lenin, international trade is first and foremost driven by the interests of capitalists and primarily benefits them. Lenin predicted that the increasing fragmentation and stratification of society would lead to growing conflict and to revolution and the overthrow of capitalism. Building upon Lenin’s ideas, the topic of international trade was addressed by Nikolai Bukharin (1917/1987) in relation to the international division of labour. According to Bukharin, this international division would lead to the development of strong links between both capitalists and workers across national boundaries.