Disadvantages Of The OLI-Framework Is An Economic Theory

By saying this, the authors show they have tried to set agreed terms with

This is the main cause that both seek retaliation on their

You create a relationship founded on coercion. The people you guilted into a decision may give you what you want, but they have very little respect for how you achieved what you got. And the more this practice is on display the greater the gulf between the relationship

If deeply entrenched parties select "compromise" as their negotiating tactic, what are the possible downsides to such an agreement? I know that they will try to get as much of the pie as possible, the more one side claims, the less the other side gets or a "win-lose" negotiation. To claim value in a negotiation, you must use competitive tactics to try to convince the other side that he wants what you have to offer much more than you want what he has. Tactics for "winning" is conceding slowly, exaggerating and minimize the value of your concessions, arguing forcefully for a favorable settlement, and being willing to outwait your opponent.

They also might lie to each other by taking their

One if the greatest advantage is transferring new technology between countries, which is incredibly beneficial for the development of nations. One of the biggest disadvantages is precisely when easy access to incoming technology is not allowed. Take for instance Ecuador, a developing country, which products cannot compete with those from developed countries in terms of quality, advanced technology, know-how, and price. In order to stimulate local consumption and decrease the amount of money transferred abroad, Ecuador’s government has set several policies, which has considerable effect on imports. Some of those policies are: imports quota and tariff safeguards.

Evaluate the positive and negative of globalization on Vietnam Today, there are increasing international brands set their factories in Vietnam such as Columbia Sportswear, L.L.Bean and Nike(DangThu,2011). It is not a secret that globalization is increasing substantially and creating new opportunities for Vietnam. As Wild and Han said, ‘Globalization trend toward greater economic, culture, political, and technological interdependence among national institutions and economic. ’(Wild&Han, 2006:6) However, globalization not only took benefits to Vietnam.

In our world today, we see progress everywhere we go. We see new innovations, we think of new ideas, and we hear all kinds of improvements in our current technology. Every day, people are coming up with ways on how to make life easier or how to communicate with each other faster. “Modernization theory emphasizes the process of increasing social integration and its economic, social, and cultural ramifications” (Linder and Strulik, 2011). But the question is, how do people come up with all these designs? Do they use the modern way wherein they learn from modern technology and concepts, or do they us the traditional way wherein they learn from the inventions and theories from the past? For me, there pros and cons to both sides. Not everyone is traditional but not everyone is modern. Some people base their ideas on what they believe in while some base it on scientific facts. This is where religion

There are many different approaches to development in which countries over the years adopted to further develop and grow their economy. Some countries adopted the approach of import substitution in which they try to decrease their dependency on other nations and protect and foster domestic small companies. The disadvantage for an import substitution based industry, ISI, is although it achieves growth it does so through a greater period of time. On the other hand, growth and development from export oriented industries, EOI, has greater results and is so much faster than import substituting industries. Examples of countries that adopted import based industries are countries of Latin America while countries that adopted Export oriented Industries are countries of East Asia.

1) Government may intervene in a market in order to try and restore economic efficiency. One of the ways the government intervention can help overcome market failure is through the introduction of a price floors and price ceilings. If prices are seen to be too high, price ceiling or a maximum price could be imposed on a market in order to moderate the price of the product. This policy is often used when there are concerns that consumers cannot afford an essential product, such as groceries. The effect of a maximum price could create a shortage as it could lead to demand exceeding supply for that particular good. Price floors however are minimum prices that the government sets when the prices of products are too low and they think producers are in need of assistance. Besides that, direct provision is another method of government intervention. The main economic justification for the provision of these goods is that, they may not be produced by the market otherwise since zero monetary profit would be made from its

Firstly, by doing export process sales for that country will increase. Exporting process is a one way to expand business and increase company sales potential. It can help expand product or services that the company earn money form, otherwise the company stuck trying to make a money only in the local market. As example ‘The Tarik’, the Tarik one of the famous beverages in Malaysia but people from other country can get it at their own country. In this case we can see that globalization give an idea for local business to expands and sell the product to other country by doing export process and its became well known for a few country which Singapore, Indonesia, Europe and

This brings them to either compete with each other or to engage in collusions, which is to club together to maximise own profits, like a win-win

Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries.

Current businesses have the cost advantage of having local manufacturing

nternational marketing in export and franchising Objectives International marketing is the export, franchising, joint venture or full direct entry of a marketing organization into another country. • To bring countries closer for trading purpose and to encourage large scale free trade among the countries of the world. • To bring integration of economies of different countries and there by to facilitate the process of globalization of trade. • To establish trade relations among the nations and thereby to maintain cordial relations among nations for maintaining world peace. • To facilitates and encourage social and cultural exchange among different countries of the world.