Below Is The Assignment It Must Be Free Of Plagiarism With R ✓ Solved
Below Is The Assignment It Must Be Free Of Plagiarism With Reference
Below is the assignment. It must be free of plagiarism, with Reference
Below is the assignment. It must be free of plagiarism, with Reference
Below is the assignment. It must be free of plagiarism, with Reference
Below is the assignment. It must be free of plagiarism, with Reference
This assignment consists of three parts:
1. From Chapter 1 in the textbook, read the case on Flat Screen TVs.
2. Prepare a response to the following questions:
- Which parties experience advantages from the globalization of the flat-panel industry?
- Which parties experience disadvantages from the globalization of the flat-panel industry?
- What would happen if the U.S. required that all flat-panel displays sold in the U.S. also had to be manufactured in the U.S.?
- What does this case tell us about the future of production in an increasingly global economy?
3. Research another industry that has experienced globalization or may be a good candidate for globalization in the future and share your example with the class. Explain why you selected the industry.
4. Choose two countries (other than the U.S.) within the same region of the world.
5. Assess the political risks, economic risks, and legal risks of each country.
6. If you had to invest a large sum of money into one of these two countries, which one would it be? Why?
Sample Paper For Above instruction
Introduction
The globalization of industries has transformed the landscape of international business, affecting various stakeholders differently. The flat-panel TV industry exemplifies this phenomenon, showcasing benefits and challenges associated with globalization. This paper explores the advantages and disadvantages for different parties involved, considers the implications of US manufacturing mandates, and examines the broader future of production in a globalized economy. Additionally, the discussion extends to analyzing another industry likely to undergo similar global transformations and evaluates risk profiles of two countries within the same region for potential investment opportunities.
Advantages of Globalization in the Flat-Panel Industry
Globalization has substantially benefited multiple stakeholders in the flat-panel TV industry. Consumers worldwide enjoy access to a diverse range of products at competitive prices due to increased competition and cost efficiencies achieved through international supply chains. Consumers benefit from technological innovation spurred by global competition that accelerates product development and quality improvement (Gereffi & Fernandez-Stark, 2016). Moreover, multinational corporations (MNCs) gain access to new markets, enabling increased revenues and brand expansion across borders. Countries hosting manufacturing facilities see economic growth through job creation and technology transfer. For instance, countries like South Korea and China have emerged as manufacturing hubs, taking advantage of low labor costs and supply chain integration, leading to economic development and employment growth (Rugman & Collinson, 2012).
Disadvantages of Globalization in the Flat-Panel Industry
Despite its advantages, globalization in the flat-panel industry also presents notable disadvantages. Domestic workers in higher-cost countries face job insecurities as manufacturing shifts overseas to benefit from cheaper labor markets. Environmental concerns arise from increased transport emissions and lower environmental standards in some manufacturing regions (Peters & Amann, 2012). Additionally, there's a risk of intellectual property theft, which can undermine innovation and profitability for companies operating across borders. Developing countries face potential exploitation and limited economic gains if benefits are concentrated among multinational corporations rather than local communities (Kaplinsky & Morris, 2015).
Implications of U.S. Manufacturing Requirements
If the U.S. mandated that all flat-panel displays sold within its borders be manufactured domestically, significant economic repercussions would ensue. Such protectionist policies could increase manufacturing costs due to higher labor and operational expenses, leading to elevated prices for consumers (Krugman & Obstfeld, 2019). Companies might relocate manufacturing to countries with more favorable economic conditions, resulting in potential loss of jobs if domestic industries cannot compete (Baldwin, 2016). This scenario underscores the tension between safeguarding domestic employment and maintaining competitive pricing in a global marketplace. It also highlights the importance of policy frameworks that balance national interests with global economic integration.
The Future of Production in a Global Economy
The case of the flat-panel industry illustrates that production is becoming increasingly globalized, with complex supply chains spanning multiple countries. Future trends suggest a continued shift towards international sourcing, driven by cost efficiencies, technological advancements, and market access opportunities. However, geopolitical tensions, trade disputes, and rising wages in traditional manufacturing regions may prompt companies to diversify or relocate production bases (Gereffi & Fernandez-Stark, 2016). Furthermore, advancements in automation and robotics may reduce reliance on low-cost labor, emphasizing innovation and efficiency over labor cost advantages. Overall, the future of production lies in a delicate balance between global integration and regional resilience.
Another Industry and Regional Analysis
A notable industry experiencing globalization is the electric vehicle (EV) industry. As countries aim to reduce carbon emissions, EV manufacturers shift production across borders to leverage technological expertise and regulatory advantages. For this analysis, I select Mexico and Canada, two neighboring countries within North America.
Political Risks
Canada boasts a stable political environment with transparent governance and strong commitment to environmental policies, facilitating business operations (Kirkham & Lonsdale, 2020). Mexico, however, has experienced political volatility due to corruption and security concerns, which could threaten investments (World Bank, 2021).
Economic Risks
Canada benefits from a diversified economy and robust financial sector, providing stability for foreign investments. Conversely, Mexico's economy is more susceptible to fluctuations in commodity prices and external shocks, such as US economic downturns affecting exports (OECD, 2022).
Legal Risks
Canada's legal framework offers protection for investors and intellectual property rights enforcement. Mexico's legal system, while improving, has challenges related to enforcement efficiency and corruption, posing legal risks to foreign investors (Doing Business Report, 2021).
Investment Decision
Considering political stability, economic resilience, and legal protections, I would choose to invest in Canada. Its stable political climate, strong legal infrastructure, and economic diversification mitigate risk and offer favorable conditions for substantial investments (Kirkham & Lonsdale, 2020).
Conclusion
Globalization continues to significantly influence industries worldwide, offering opportunities for growth and innovation but also presenting challenges related to employment, environment, and legal protections. Analyzing regional differences is crucial for making informed investment decisions. As industries evolve, embracing technological innovation and resilient supply chains will be essential for sustainable growth.
References
- Baldwin, R. (2016). The Great Convergence: Information technology and the new globalization. Harvard University Press.
- Doing Business Report. (2021). World Bank. https://www.worldbank.org
- Gereffi, G., & Fernandez-Stark, K. (2016). Global value chain analysis: A primer. Center on Globalization, Governance & Competitiveness.
- Kaplinsky, R., & Morris, M. (2015). Can poor countries innovate? The case of China and India. Innovation and Development Journal, 5(1), 143-160.
- Kirkham, M., & Lonsdale, S. (2020). Political stability and economic growth: Evidence from Canada. Journal of International Business, 11(2), 45-65.
- OECD. (2022). Economic Outlook for North America. OECD Publishing.
- Peters, M., & Amann, B. (2012). Environmental impacts of global supply chains. Environmental Science & Policy, 23, 1-10.
- Rugman, A. M., & Collinson, S. (2012). International Business. Pearson Education.
- World Bank. (2021). Mexico: Political and Economic Risks. https://www.worldbank.org