As such, Chavez's initiative inspires international leaders to increase their independence from a single force. Managers are encouraged to become more independent, to focus their efforts towards developing a solution to their problems without the aid of foreigners. Furthermore, international rulers are advised to take action in regard to their issues instead of waiting for a tertiary intervention.
The actors on the international management scene are also encouraged to seek assistance and develop relationships with their neighbours and other parties that might find themselves in similar situations and who have similar desires and expectations. As such, the decision to open a new development bank in South America inspires international leaders who rule over smaller communities to join forces in order to reach their goals and also to decrease their dependence on one strong force.
On the other hand, what Chavez's implementation of a new bank does for the community of international leaders is that it increases managers' business opportunities. By creating an alternative to the International Monetary Fund and the World Bank, the decision made by the six South American states points out the existence of other financing alternatives. As such, it encourages the management to seek for more profitable investors and creditors.
3. Asia: Protesters Tell Wal-Mart to Quit India
Business Week, Friday, October 12, 2007
Article Review
On the 10th of October 2007, approximately seven thousand inhabitants of Maharashtra gathered up in front of the Azad Maidan to protest against supermarket chains invading India. Their main discontents regarded German Metro and American Wal-Mart, but also the recently opened Indian Reliance Retail. The participants argued that the store chains were imposing monopoly on the Indian market and that they destroyed the small and local businesses. They also pointed out that the protest was only the first out of a long series...
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