Assignment: Course Project Task 1
The selected country for the project is Japan. There are quite a number of reasons as to why Japan is interesting to me. Firstly, Japan is popular for its great work and cultural ethics. The business in Japan is carried out with a lot of decorum and respect for business institutions thus creating a viable chance of success.
My two alternative countries are, Sweden and Germany, basically because they are part of the European Union and thus are governed by the EU policies relating to trade and development. The limitation of autonomy in business would be a great discussion for the project.
This site discusses globalization and the effect it has on the economy in general. Some of the obvious benefits of globalization include the possibility of economies of scale and the chance to meet customer demands and needs. Protectionism and nationalism have placed globalization at a competition but the ultimate result is that globalization is a force that cannot be stopped (Kuepper, 2018).
This article addresses the role of the civil society in addresses some of the challenges posed by globalization. These challenges include, compromise on labor rights and low wages. One of the recommendation is that of resource transfer to support globalization and multi-national cooperation so as to preserve employee rights (Sewell, 2017).
This article discusses that even though World Economic Forum (WEF) and World Trade Organization (WTO) have the mandate of managing the global economy, there are still some issues that need to be addressed before globalization can become the global phenomenon it is. The suggestion of the use of social media platforms for advertising is a good recommendation that seeks to boost sales of a business in a new/foreign country (PayPerVids, 2017).
Kuepper, J. (2018, March 22). Globalization and Its Impact On Economic Growth. Retrieved from The Balance: https://www.thebalance.com/globalization-and-its-impact-on-economic-growth-1978843
PayPerVids. (2017, September 13). The Challenges of Globalization: Managing Global Economy. Retrieved from PayPer Vids: https://www.paypervids.com/the-challenges-of-globalization-managing-global-economy/
Sewell, J. W. (2017, November 17). Challenges of Globalization. Retrieved from Carnegie Council : https://www.carnegiecouncil.org/publications/archive/dialogue/1_11/relevance_social/588