International Management
The European Union is "a unique economic and political partnership between 27 European countries" (EU, 2012). The European Union describes its objectives are relating to the idea that "countries who trade with one another become economically interdependent and so more likely to avoid conflict" (Ibid). There are a number of stated objectives. The first is "to promote human rights both internally and around the world," including human dignity, freedom, democracy, equality, the rule of law and respect for human rights" (Ibid). Economically, the EU has the objective of "enabling most goods, services, money and people to move freely" and to "develop this resource to ensure that Europeans can draw the maximum benefit" (Ibid). The EU also seeks to make its own governance more transparent and democratic.
For its flaws and missteps, the EU has largely been successful. Economically, the nations of Europe face far fewer trade barriers than they did prior to the Union. There is greater freedom of movement for people, goods and capital within the Union, especially when EU offshoots like the Schengen Zone and the Eurozone are taken into consideration. In addition, there have been no armed conflicts between members of the EU since its inception.
Brenton, DiMauro & Lucke (1999) found evidence to support the idea that the EU has facilitated in increase in foreign direct investment in the Union. The EU creates a large common market, encouraging firms that would otherwise be discouraged from entering the much smaller individual markets in Europe. The removal of physical and financial trade barrier improves the profit potential of European operations. Lastly, common regulatory frameworks and the common currency have also facilitated ease of operating in Europe, reducing both the learning curve and the risks associated with European market entry.
2. According to Luthans and Doh (2008), the four foundations of law are Islamic law, socialist law, common law and civil law. Islamic law is based on the Quran and the teachings of the Prophet Muhammed. Socialist law is rooted in Marxist or totalitarian socialist systems and emphasizes the supremacy of the...
European Union Describe how the EU is governed, i.e., its institutions The European Union (EU) is a unique cooperation of 27 states which is in the form of economic and political partnership. This came as a result of a series of treaties and commitment of member states in integration through the harmonization of laws and adoption of common policies on quite a number of issues. The sovereignty of the member states have
Differences in international orientation include ethnocentric, polycentric, geocentric, and regiocentric. Each of these has varying levels of recognition of how diverse one culture is relative to another with the ethnocentric mindset being the most biased towards ones' own culture being the best. The one that sees a more accurate view of globalization is polycentric which sees the unique values of each culture on its own merits. Globalization has also seen
International Management: Effect of Regional and National Culture on MNCs Culture refers to the institutions, folklore, history, customs, beliefs and traditions shared by a group of people. People who belong to the same religion, nationality, language or ethnic group share a common culture (University of Kansas, 2013). Organizational culture refers to the customs, assumptions, beliefs, values, procedures and policies that govern the way an organization is run and managed (University of
European Union - Business in Europe European Union * Competitive advantages of a European area in a chosen Industry and Porter's Five Forces * Personal impressions and reflections on what was learned? The European Union is made up of several countries, and all these countries have one single aim, which is to promote and develop business relationships within Europe and also with the rest of the world, in today's world of globalization. When one wishes
1). Prior to market introduction of a GMO for commercial use in any part of the EU, notification must be sent to the competent member state authority where the GMO will be released (Council Directive 90/220/EEC, art. 11 (1)). Notification must include a risk assessment with information necessary for evaluating the foreseeable risks posed by the GMO to human health or the environment, to which the competent authority will
Business communications are official and face-to-face meetings are always preferred to indirect communications. At the specific level of negotiations, it is important to note that, during negotiations, only the seniors in the team will speak. The negotiation process is slow and advancements are made in an unhurried rhythm. The Chinese people are non-confrontational individuals and they will avoid saying "No." They will, instead, promise to think about the proposition, see
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