Commercial diplomacy and the diplomatic assistance as a part of MNCs activities also considered as one of the most important factors in determining the successful of the MNCs. In this paper, I would like to discuss and explain more about what MNCs is, its activities, its commercial diplomacy activities, and its diplomatic assistance. II. Content Multinational Corporations
It is heavily influenced from the Groation tradition. According to this perspective, regimes are much more pervasive and exist in all areas of international relations. Contrary to the conventional structure and modified structural, this viewpoint moves away from realist thinking as it is “too limited to explain an increasingly complex, interdependent, and complex world.” This approach rejects the assumption that the international system is comprised of states and the balance of power is solely due to force. Rather, it argues that elites are the principal actors and that they have national and transnational ties. An example Krasner gives is that the “statesmen nearly always perceive themselves as constrained by principles, norms, and rules that prescribe and proscribe varieties of behavior”.
“Sovereignty is now best conceptualized not as freedom from interference but as ‘status’, which in turn depends critically on participation in international regimes. This connection to the rest of the world and the political ability to be an actor in it are more important than any tangible benefits in explaining compliance with international regulatory agreement.” (Chayes & Chayes, 1995, p. 27) There are some states in international institutions that likely to assume more power than others. Supposing that, we still cannot remove the idea of having a Hobbesian environment in the international arena. Human nature still prevails. Since then, the international law has been developing throughout the years.
1.2 Power Definition Of Power Power is "The ability to effect the outcomes you want, and if necessary to change the behavior of others in order to make this happen" – Nye We can say that power is about a relationship whose strength and domain will vary with different contexts. Those with more power in a relationship are better placed to make and resist change. Empirical studies have shown that the more powerful are less likely to take on the perspective of others . Power is one of the most important thing to the politic. This is because politik is base on some form of power and its sources may be highly varied and complex .
In Politics Among Nations, Morgenthau defined international politics as “the struggle for power” and “power politics.” “The aspiration for power,” he wrote, “is “the distinguishing element of international politics.” “The struggle for power,” he continued, “is universal in time and space and is an undeniable fact of experience.” Morgenthau identified the elements of national power as geography, natural resources, industrial capacity, military preparedness, population, national character, national morale, the quality of diplomacy, and the quality of government. He judged the quality of diplomacy as the most important of these factors. A nation’s diplomacy, he wrote, “combines those different factors into an integrated whole, gives them direction
It is not just about economy but more of openness in trade and exchanging liberal thoughts. Globalisation is now known to be the most important part of a country’s development and also for things like empowerment, employment, liberalisation it plays a crucial role. Many Authors have given their own definitions in order to explain globalisation, such as In The Consequences of Modernity author Anthony Giddens gave the definition as Globalization can thus be defined as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away. One of the Swedish journalists, Thomas Larsson, being the author of the book The Race to the Top: The Real Story of Globalization, defined it as, Globalization is the process of
The exchange that involved in international business not only focuses on the money or physical goods; it also can be from other resources such as people or labor, intellectual property and contractual assets or liabilities. The example of intellectual property that can be exchange in the international market is patents, copyrights, trademarks, and data. International business can be considered as the vital ingredient in strategic management and entrepreneurship. It’s very important for the organizations to know the international trends to success in the international market
The second characteristic is integration of economies. The international business combines the economies of many of the countries in the world. This is because of international business usually will use finance from one country, labour from another country and infrastructure from another country. Sometimes thy also design the product or goods in one country, produces its parts in other different countries and gather the product in another country. Thirdly, international business has been dominated by the developed countries and MNCs.
To conclude, the role of determinants of foreign policy is vital for effective foreign policy. The size of the state is significant if we compare foreign policies of India, Pakistan, and the US. The foreign policies of India and US tend to dominate on Pakistan because of it just the size of a country but it also includes economic power and social cohesion that play the effective role in the foreign policy of these
Import consists of purchases from other countries. International or Foreign trade is recognized as the most significant determinants of economic development of a country, all over the world. The foreign trade of a country consists of inward (import) and outward (export) movement of goods and services, which results into outflow and inflow of foreign exchange. Thus it is also called EXIM Trade. Definition: According to Wasserman and Haltman, “International trade consists of transaction between residents of different countries”.