International business and International Trade Coursework

International business and International Trade - Course sound ExampleThe competition is change magnitude globally since companies look for the best suppliers offering high quality at low prices, search for world(prenominal) human talents and acquire the best possible know-how in order to satisfy better their customers needs. As a result of the above mentioned the cooperation of countries is expanded. The countries understood that may gain reciprocal advantages, they can react to problems better when they work together with other countries rather than trying to solve the problems alone. Lastly, the countries with globalization main deal with issues e.g. environmental issues that argon not in their territory. 2. After summarizing the positive and negative aspects of offshoring, state whether you support or be against offshoring and why. accommodate any experiences you or someone you know has had in which offshoring is affected. improvements in technology will have as a result the n eed for fewer employees to accomplish the same task/work, particularly for the less masterful jobs that are easiest to offshore. (Hackos, 2004). The technology improvements will help companies to reduce their costs and thus reduce prices or invest the saved money in Research and Development. As a result, companies will grow and because will raise their employment rove and at the same time, they will increase highly salaried positions in their countries. Another positive aspect of offshoring is that the meagerness level in poor countries has been decreased. This allowed them to decrease their unemployment rate and consequently, people have more income to dispose of thus imports from rich countries have been change magnitude i.e. the decrease of the poverty level in poor countries is beneficial both for the poor and the rich countries. The negative aspects are the undermentioned the product prices are not reduced although the production costs are diminished. Jobs are replaced a nd working conditions are deteriorated. Jobs in poor countries are low paid. When a estate asks for more then the Multinational Companies roleplay to somewhere else, somewhere cheaper. Countries that have benefited from offshoring are China and India whereas the rest of the other underdeveloped countries remain in poverty. According to Joseph Stiglitz, during the last yeast of the last century, the number of people living in poverty conditions has increased by 100 million.(Daniels, Radebaugh & Sullivan, 2007) A personal experience that I have is a person I know in Greece. He had been working for the local cotton industry which was blooming in the country fifteen years ago producing excellent cotton.