...Fragility In Global Supply Chains Name: Institution Affiliated: Executive Summary The fragility of worldwide supply chains gets identified with rising risks, however, this is additionally identified with supply and system plan methods. The coordination of risk administration in supply chain administration has frequently been restricted, particularly for associations that have concentrated on lessening expenses and constraining working capital levels as a reaction to troublesome economic situations. Progressively, numerous organizations are re-creating the harmony in the middle of risk and expense center as they deal with their worldwide supply chain. In addressing these risks, organizations ought to consider their working models, in an exertion intended to characterize an ideal harmony between budgetary proficiency and assuredness of a stable supply chain (Ballou, 1993). Organizations that once kept up reinforcement stock and assembled offices may have presented themselves to risk as they focused on living up to expectations with fewer redundancies. Utilizing the "Kaizen" model calling for "without a moment to spare" or even "just in arrangement" generation with insignificant procedure inventories. Numerous organizations have changed from "nearby" suppliers to "ease" (and regularly far off) suppliers on the premise of expense, without considering the full cost of risks connected with these progressions. Accordingly, the expanded supply chain now has numerous extra purposes...
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...Through the global interconnectedness among people, globalization has been appeared. Globalization refers the integration of global economies, societies and cultures through the communication, transportation and trade. During this period of this process, one question has been raised whether is globalization bad or good? And according to this question, it is proved that globalization is playing a fundamental role to make progress to many sections including economies, culture and religion, public services and living standard, and technology. In economics, Globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. It shows the market expansion and integration, and it is an unchangeable tendency for international economic development. In economy, globalization is playing a significant role to make advancement to this sector over the world. Globalization has created widely the international economy, integration of markets and the flow or movement in the world, all of which make escalations in global movement. There are many importance of globalization on economy for many years. Improvement in technology has a essential effect in decreasing the costs of transportation, communication and commodity also lowering the price of data processing and information storage. There is a sign of the modern technology like electric...
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...Proposed Research Work 1. Project Title: Redefining the Concept of Sovereignty in a Globalized World Order 2. Introduction The theme of the present paper is to analyze the effect and impact of globalization on the sovereignty of states. While pointing out the effect, impact and even the need of globalization, albeit in a structured pattern, in the present era, the author intends to examine the concepts of industrial revolution, neo-liberalization, international corporate governance, millennium development goals, the need for international institutions and the international regulatory framework in different areas like international trade, financial services sector, environmental protection etc., with a view to question the relevance of the traditional concept of sovereignty in the present globalized world. * Origin of the research problem: Research Question Whether the traditional concept of sovereignty of states has undergone a sea change in the wake of massive globalization? The Industrial Revolution which is referred to the period from the 18th to the 19th century brought the winds of change during which major changes in agriculture, manufacturing, transport, and technology had a profound effect on the socio-economic and cultural conditions of the human race. Starting in the United Kingdom, and then subsequently spreading throughout Europe, North America, and eventually the world, the Industrial...
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...Waller (2010) suggests globalisation has been a characteristic of human affairs for two and a half thousand years, and probably much longer (p. 1). Globalisation is a wide concept that affects cultural, social, technological and economic relationships (Sjøholt & Vatne, 2012). A prime example of globalisation being affected by these relationships is the 2007/2008 Global Financial Crisis. During the Global Financial Crisis, Australia demonstrated resilience as their economy growth continued uninterrupted (Merricks, 2012, p. 37). According to Adonis (2013), the Global Financial Crisis is the greatest example of ways in which globalization can spread toxically and rapidly, and the fragility that comes with globalisation. Furthermore, Boyd (2011)...
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...Analyze the Effects of Financial Globalization on China's Financial System Introduction With the development of financial globalization, the free flow of international capital contributes a lot to the development of the world economy, however, many short-term speculative capital wandering around the world with rapid speed and complex means have impacted on developing countries’ financial markets, which constantly induce financial instability and crisis. And fluctuations due to capital flows also makes the international financial turmoil have a huge ripple effect and zoom effects. Financial globalization has exacerbated the instability and the risk of global economy and financial development, so financial security is increasingly becoming an important part of national security .In this essay, we are going to talk about the impact of financial globalization on China’s financial market and what the measures will be taken to ensure the security of China’s economy. The main performance of financial globalization 1. Globalization of capital flows is the most prominent manifestations of financial globalization. Since the 1980s, the scale of international capital flows has continueally expanded, while financial technology and financial innovation and the development of various financial derivative helps accelerate the speed of cross-border flows of international capital. By using computer and modern finncial technology, on one hand hundreds of millions of funds can move...
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...nationalism, and popular culture; and the long historical context. This evaluation details how China's political and economic policies have been inextricably linked, and assesses past failures and successes, as well as major problems for the future. White, Stephen. Communism and Its Collapse. London: Routledge, 2001. Internet resource. Ranging from the Russian revolution of 1917 to the collapse of Eastern Europe in the 1980s this study examines Communist rule. By focusing primarily on the USSR and Eastern Europe Stephen White covers the major topics and issues affecting these countries, including: * communism as a doctrine * the evolution of Communist rule * the challenges to Soviet authority in Hungary and Yugoslavia * the emerging economic fragility of the 1960s * the complex process of collapse in the 1980s. Huibing, Zhao, and Zhu Jiangnan. "Social Impetus, Economic Roots, And Political Logic: China's Transformation Through The Lens Of American History." Chinese Economy 48.1 (2015): 68-84. Business Source Premier. Web. 22 May 2015. China is facing a crucial turning point in its sociopolitical development with the recent turnover of the leadership and the potential of further reform carried out by the new administration. To shed...
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...Preliminary Draft February 20, 2010 THE GLOBAL ECONOMIC CRISIS AND SOUTH ASIA By Dr. Akmal Hussain, Distinguished Professor, Beaconhouse National University INTRODUCTION What began as a financial crisis in 2008 rapidly metastasized into a global economic crisis that pushed the world economy into the deepest recession since the Great Depression of the 1930s. In this paper we will examine the origins and nature of this crisis in the context of the dynamics of world capitalism, indicate the policy challenges in the process of recovery and analyze its impact on South Asia. I. STRUCTURAL CHANGE AND FRAGILITY OF THE FINANCIAL SPHERE In the process of its growth the world economy has undergone a structural change in the post war period in terms of two important features: (i) The dominant form of the production unit of goods and services that emerged in the post war period was the large multinational corporation (MNC) in contrast to the large national corporation in the late 19th century and the small firm in the late 18th century.1 The MNCs were not only able to sell goods and services on a global scale but were able to achieve internationalization in their production processes, such that different components of a particular good could be manufactured in their facilities in different countries to take advantage of country specific resource 1 For a more detailed analysis of Growth and Structural Change in the Global Economy since the Industrial...
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...The advent of technology and globalization has increased the potential for earning higher profits for businesses, but at the same time it has also escalated competition and the pressure to perform better, faster and at a lower cost. In order to survive, companies are forced to find innovative ways to cut costs and establish effective supply chains to reduce their overheads. Using the Toyota pioneered Just In Time (JIT) analogy, which emphasizes the need to have just the required parts, quantities and time needed for production and distribution. Using JIT, Toyota, Boeing, Dell and HP have substantially reduced their warehousing and work in process costs. Over the past decade, JIT has transformed from a manufacturing methodology to a profound manufacturing organizational model. However, by stretching supply chains globally, as pointed out by Evans, 2011 companies are exposed to greater catastrophe because they outsource many parts of their business to suppliers or service companies thousands of miles away. If any one link in the supply chain goes wrong, it can have a huge impact on the returns. This increased fragility of supply chains can be observed with the factors mentioned below. One of the main principles of JIT is centered on reducing waste. Auto manufacturers started using common parts across multiple product lines and consolidated suppliers in order to procure parts in greater scale. These practices helped reduce waste, but also introduced risk. If any of these suppliers...
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...What impact has neoliberalism had on world politics? Neoliberalism is an economic philosophy that rose in prominence from the eighties following the elections of Margaret Thatcher and Ronald Reagan. Jones, Parker and Bos (2005: 100) summarise the essence of this view as “markets good, governments bad”. Neoliberalism argues that free trade is beneficial to all nations, that governments create inefficiency and waste, and that the distribution of goods should therefore be left to individuals and firms competing in the market to maximise their utility (WHO 2010). To ensure an efficient allocation of resources, neoliberalists argue for widespread liberalisation i.e. the reduction of rules and restrictions, and the privatisation of public enterprises. However, the reality of Neoliberalism has been very different to the theory. Regulation provides the framework within which markets work and enables the moderation of the externalities they produce, thus deregulation was in fact limited and was quickly followed by regulation (Levi-Faur 2005: 13). Because of this, Polanyi (in Peck, 2010: 330) writes: “the road to a free market was opened and kept open by an enormous increase in continuous, centrally organized and controlled interventionism”. In this essay, I look at the impacts of Neoliberalism on World Politics, focusing on two in particular. Firstly I explain that the policies of liberalisation and privatisation, albeit supported by regulation, have led to increasing inequality...
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...GLOBALIZATION AND PUBLIC HEALTH Although, recently there is a growing literature on the importance of globalization for health, the term globalization has for long been used in academic discourse, particularly within the social and political science but relatively new in the discussion within public health. While the processes of globalization are far from straight forward, the concept of health is as well a complex one, which result into no consensus either on the pathways and mechanism through which globalization affects the health of population or on the appropriate policy responses (woodward et al 2001). However, there has been a significant increase interest on the issue of globalization within public health, although a contested one, since authors on public health are still undecided not only on the exact conclusion on the impact of globalization on public health, whether bad or good, but also as to whether globalization has actually cemented its place in the public health lexicon. Nevertheless, it is know that a broad-based public health should take note of significant economic, political and social changes that determine and shape people’s health, and this definitely will call for a proper theoretical approach to globalization in understanding the nature of these contemporary economic, political and social changes (Stuart McClean in Orme et. al. 2007). This essay will describe the relationship between globalization and public health. It will first begin, by exploring...
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...article pointed out the current problems of China’s financial system and provided suggestions for implementation. The main argument of policy suggestions for China is to further lower down the financial limits, so that China will be able to build a better foundation for financial liberalization. Also the effective and constant supervision and modification of the financial regulation system is also necessary for maintaining a healthy macroeconomic environment and continuing capital flows. While the economic globalization, and financial liberalization has become a major tendency that attracts a lot of people’s attention in world economic development since the 1980s, the financial liberation and reform has become a necessity for China to develop it’s financial market and economy wellbeing. 1. Introduction China, as one of the fastest expanding economy in the world, is largely owing to the economic globalization, and financial liberalization since the 1980s. Economic globalization refers to the fact that economic resources (goods, capital, labor, technology, information and other transactions) flow from one country to another. This tendency makes connections among country’s economy around the world, and help strength the economic relationships between one country’s economy and the whole world economy. Since 1970s, financial liberalization is another major trend which has swept the world and become the mainstream of financial innovation in developed western countries. Many emerging...
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...Iranian automotive industry and global economy: Future study based on game theory Ebrahim Nabiuny, Reza Madjidzadeh, Monir Sadat mirjamali Mehrabadi and Sohaila Alahverdizadeh Jihad Daneshgahi, Markazi province, Iran Key words Game theory, chaotic trends, automotive industry. Abstract Being one of the main drives of Iranian industrial development, automotive industry has been received government extensive attention in order to become competitive. There are many backward and forward linkages between automotive industry and other industries because of technical and structural properties of that. Thus development of Iranian economy is closely related to the competitive advantage of Iranian automotive industry. This paper tried to develop a primary forecast of industry future equilibrium and trends under the condition of nongovernment protection based on chaotic learning in game strategies. Forecasting possible equilibrium lead us to improve strategic behavior and establishing the win-win situation. Despite the adoption of some network strategies in Iranian automotive industry, there is still a single nature and because of activity in low – risk with middle income, this industry does not have the ability to compete in highly competitive markets. More investment on the national car with quite unique coordinates and quality and prepare the low risk financial resources are the needs of the industry in the global economy. Introduction It is essential to do futurology studies...
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...Name of the University Master Thesis Banking system reforms after the subprime crises Study case: Spain Author: | Supervisor: | | | Department of …………………………… January 2014 Abstract How did the Subprime Crisis, a small problem of U.S. financial markets, affect the entire global banking system? The aim of this paper is to analyze the effect of the subprime crisis on the banking sector in Europe, with a close attention on the case of Spain. Spain is currently facing the worst crisis ever experienced in its financial history, so it would be interesting to analyze what is the real situation of the banking sector and what will be the reforms that could lead to a consolidation of the financial systems. The strengths and weaknesses of the financial sector will be analyzed in order to see the changes needed to maintain its competitive position. The first part of the paper will briefly explain the subprime crisis, origins and impact on the financial world as new form of contagion. In the second chapter the consequences of the subprime crisis in the Spanish banking sector will be described. The last chapter of the thesis will present an analysis of the reforms made, using legal intervention. It will be concluded with a general point of view regarding the present situation of the Spanish banking system, the potential results of the current measures and the perspectives of new reforms. Contents 1 | Introduction | | 2 | Introducing the Subprime Crisis...
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...Hofstede’s Six Dimensions and Leadership Erin Bonich ORG300 – Applying Leadership Principals Colorado State University – Global Campus Dr. Laurie Barnes November 1, 2015 Hofstede’s Six Dimensions and Leadership The purpose of this paper is to discuss the characteristics of the Six Dimensions of Culture as they have been defined by Professor Geert Hofstede and the combination of dimensions that shape a great leader. The following discussion relates Hofstede’s Six Dimensions to common leadership styles by evaluating the impact of cultural values on organizational standards and practices. Hofstede’s Six Cultural Dimensions In Relation To Leadership Hofstede’s six cultural dimensions consider the differences in values that govern the actions of a culture. Hofstede defines culture as “the collective programming of the mind distinguishing the members of one group or category of people from others”. As businesses and organizations continue to globalize, the need for cultural tolerance and cooperation is increasingly relevant. The six dimensions provide a scale for determining the weight a particular value holds in a society which allows for leaders to compare cultures and better align their organizations practices to coincide with that of another organization. Power Distance Index (PDI) Power distance encompasses the measure of society’s acceptance for collective hierarchy and power arrangements. PDI evaluates the amount of difference...
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...HUMAN RIGHTS LAW IMPACT OF GLOBALISATION ON HUMAN RIGHTS TABLE OF CONTENTS Contents INTRODUCTION ..................................................................................................................... 3 RESEARCH METHODOLOGY............................................................................................... 5 CHAPTER 1 GLOBALISATION ............................................................................................. 7 CHAPTER 2 INTERNATIONAL HUMAN RIGHTS LAW ................................................. 10 CHAPTER 3 IMPACT OF GLOBALISATION ON HUMAN RIGHTS............................... 13 Economic Rights .................................................................................................................. 13 Political Rights ..................................................................................................................... 17 CONCLUSION ........................................................................................................................ 21 BIBLIOGRAPHY .................................................................................................................... 23 Articles ................................................................................................................................. 23 Books .................................................................................................................................... 24 Miscellaneous ..........
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