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In the field of human rights, the issues surrounding globalization are widely debated. Some argue that globalization is a scourge that destroys the unique and multifaceted cultures of the world; while others argue that it spreads universal ideals, such as the concept of human rights. Regional organizations fit into the idea of globalization by creating unifying ties between nations; sharing values, trade, and promoting a strengthened identity. The two most well-known and influential regional organizations are the European Union (EU), and the North American Free Trade Agreement (NAFTA). While these two are the largest, they inspired many smaller organizations; a process which has increased the liberalization of international trade (Ardalan, 2).
Regional organizations are distinct from the ideas of a supranational government or the formation of a nation-state, although common policies may be implemented through the enforcement of treaties; each state ultimately maintains governmental control (Ardalan, 5). Regional organizations, refers to organizations that extend across regional areas, they often have strong ties to political and economic areas, and can influence the member states within their boundaries. Globalization denotes both a process and an outcome, created by the sharing of values and technological advances shared internationally.
Relationships between member-states are enhanced, such as by the advent of a common currency, such as 18 states of the European Union that use the Euro (European Commission). Values are spread throughout regional organizations, once again we can look to the European Union, to see how socialized schooling once found in some member countries was dissolved to conform to the desired standard, ...
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...peace operations. Global Governance, 19(3), 377+. Retrieved from http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA341129378&v=2. 1&u=wate18005&it=r&p=AONE&sw=w&asid=7ba9d7d00b335ed7392305169958 593b
Legler, T. F. (2012). The shifting sands of regional governance: the case of Inter-American democracy promotion. Politics & Policy, 40(5), 848+. Retrieved from http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA309727752&v=2.1&u= wate18005&it=r&p=AONE&sw=w&asid=820ae530c5fee2f671440f99e21dbb46 Nagheli, S., Nagheli, E., & Sadeghi, B. (2013). The impact of foreign direct investment and regional integration on poverty reduction case study: D8 countries. Advances in Environmental Biology, 1412+. Retrieved from: http://go.galegroup.com.libproxy.wlu.ca/ps/i.do?id=GALE%7CA347003716&v=2.1&u= wate18005&it=r&p=AONE&sw=w&asid=c7dfc8771eaf17febe13d068035b0240
I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.
Rao, S. , P. Sharma, and R. Acharya.Canada–U.S. trade and foreign direct investment patterns. Calgary: Calgary University Press, 2003.
We all know that the foreign investment is a necessary part of global expansion. Many developed countries prefer to invest developing countries. For instance, the US has invested much more fund in China. Since the initiation of its market reforms in the 1980’s. China has been a preeminent recipient of foreign direct investment (FDI). Until 2011, there is over $1.2 trillion have been invest in China as foreign direct investment, it made Chinese industries has been transformation, and contributed enormously to the nation’s industrial output. In addition, the more foreign manufactures, the more Chinese subsidiaries have dominated (Wei, Xiao & Yuan, 2014).
Globalisation refers to the changes in the way nations, regions, organisations, groups and individuals interact across national borders (Rondinelli and Behrman, 2000). It is an ongoing process that gradually eliminates national and regional preferences and ultimately turns the world into a single market place (Levitt, 1983) through international trade in goods and services, cross-border flows of capital and exchange of technology (Nunnenkamp et al, 1994)
By definition foreign direct investment is the acquisition of tangible assets such as machinery, land and factories; this type of investment are often between two companies- usually multinationals from different countries. FDI is one of the benefits of globalisation as it has a direct impact on aggregate demand having a follow on effect on technology, job opportunities and increased intellectual property owned by countries. In this essay I will discuss some of the factors that affect a country’s disposition to gaining foreign direct investment.
Senior, Nello Susan. "Chapters:4,15." The European Union: Economics, Policies and History. London: McGraw-Hill, 2009. Print.
Foreign Direct Investment ( FDI) is a source that a country obtain from other countries in order to add value for it’s own economy. These sources can be various: Economic or technological. Foreign Investors may establish a new facility or open their branch or establish a partnership with a local company in host country. Nowadays, there is more demand of FDI’s than the world trade and world output. This drastic rise in FDI is due to the help of changing potentials and economic policies that are happening in the developing countries worldwide (Alesina and Dollar, 2000).Investors are more likely to invest their money on more profitable places,it would not be reasonable for companies to invest on less profitable countries. Moreover, the
Over the years, foreign direct investment (FDI) has become a popular way for countries to move capital flows from one country to the other. Basically, foreign direct investment simply refers to an instant when a business entity for a particular country invests in an income generating asset in another country with a hope of return on the investment. Foreign direct investment has its benefits to the foreign investor, the home country and the host country (Froot 1993, 60). However, it should be noted that the benefits that come about as a result of FDI can only be possible if all the three parties follow the right regulations and the ethical ways of doing business is strictly adhered to. This paper sheds some light on the costs and benefits of FDIs to the investors, the home country and the host country. In addition, it will also review how the country and the firms’ level of development and growth play a role in determining the costs and benefits accrued from the FDIs (Weigel, Wagal & Gregory 1997, 56).
“The process of globalization and the increasing role of non-state actors in global governance are undermining the role of the state as the principal actor in global policymaking.”
The main concept discussed in this essay is foreign direct investment. FDI is, according to the OECD, “a category of cross-border investment made by a resident entity in one economy (the direct investor) with the objective of establishing a lasting interest in an enterprise (the direct investment enterprise) that is resident in an economy other than that of the direct investor.” Firms invest in foreign economies in order to exploit their particular advantages and FDI is the preferred process, as opposed to licensing or agreements and exports. The advantages that firms often possess are patented technology, managerial skills, marketing skills and brand names.
Foreign Direct Investment (FDI) inflows to India amounting to US$4.06 billion were received during the financial year 2001-2002, with $2.46 billion (USD) received from the U.S. just in 2000-01 alone. This marked a 66% increase from the previous year. According to FDI Magazine, India was the number 3 recipient of FDI from January of 2002 to June of 2004. India had a total of 41 Foreign Direct Investment projects, beaten only by the United Kingdom with 53 and China with 54. FDI Magazine shares this observation: “Noticeable among the results for the second quarter is the rise of China to become the number one destination for foreign investment by number of projects. However, perhaps more significant is the increase in the number of projects heading for India, up over 77% year on year while the jobs creat...
According to Hill, regional economic integration refers to "agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other." The prevailing economic argument for regional economic integration is that it creates economic synergy by allowing each country to focus only on what it is most efficient at producing.
Saeed Nazir (2001) “An Economic Analysis of Foreign Direct Investment and its impact on trade and Growth in Pakistan” Thesis submitted to The Islamia University Bahawalpur.
One can talk about Regionalism when several countries come together with a sense of common and shared identity, goals and purpose (Hurell, 1996: 37-38). In order to emphasize the importance of these elements, they create institutions and organizations that demonstrate this particular identity and collective interest within a geographical and regional scheme or framework (Hurell, 1996: 40). For the la...
Globalization is the connection of different parts of the world. Globalization results in the expansion of international, cultural, economic, and political activities. As people, ideas, knowledge, and goods move easily around the globe, the experiences of people around the world become more similar. (“Definition of Globalization“, n.d., ¶ 1)