Globalisation can be described as the combined influences of trade liberalisation, market integration, international finance and investment, technological change, the increasing distribution of production across national boundaries and the emergence of new structures of global governance. The global market place equipped with the application of global communications has become the focus of the global business arena that makes the world markets remain open and involved in the fair competitive practices.Supporters of globalisation concepts also argue that allowing free trade and capital movement would also favour workers to move from one country to another, partly to find better employment opportunities. New growth-trade theories have emphasised the contribution of international trade to economic growth through its effect on capital accumulation. Free trade leaders to specialisation, contributes to the total factor productivity and offers comparative advantages for the other countries. However, free trade generates neck-to-neck competition among countries for economic sustainability and to equip essentially for competing against the best trade in the world. This book delineates economic and political factors along with the technological perspectives thereof towards the export growth and competitiveness among developing countries and analyses trade competitiveness in view of the economic reforms and trade liberalisation.
Author(s): Rajagopal
Year: 2008
Language: English
Pages: 344
GLOBALIZATION THRUST: DRIVING NATIONS COMPETITIVE......Page 3
CONTENTS......Page 7
PREFACE......Page 9
THE DEBATE – FOR AND AGAINST GLOBALIZATION......Page 13
DETERMINANTS OF GLOBAL TRADE......Page 18
GLOBAL TRADE DYNAMICS......Page 22
INTERNATIONAL COMPETITION......Page 30
OUTGROWTH OF NEW MARKETS......Page 32
DEFINING CONCEPTS OF GLOBAL TRADE......Page 34
DRIVERS OF GLOBALIZATION......Page 40
ORGANIZING GLOBAL MARKETING......Page 45
GLOBAL LOCAL MARKETING......Page 48
LOOKING BEYOND GLOBAL MARKETING......Page 49
REFERENCES......Page 50
MACROECONOMIC ENVIRONMENT......Page 53
Demography and Income Distribution......Page 54
Structure of Consumption......Page 57
Economic Indicators......Page 58
Financial Indicators......Page 60
Macroeconomics and Economic Advancement......Page 62
Economic System......Page 63
Macroeconomic Policies......Page 65
Tariff Structures......Page 66
Trade, Tariff and Inflation......Page 68
MICROECONOMIC ENVIRONMENT......Page 70
SCREENING THE MICROECONOMIC ENVIRONMENT......Page 74
EXPANSION OF MICROECONOMIC INSIGHTS......Page 77
MICROECONOMIC ANALYSIS OF A SUSTAINABLE MARKET STRATEGY......Page 79
SOME MAJOR CONCLUSIONS ON MICROECONOMIC FACTORS......Page 80
BUSINESS OPPORTUNITIES IN DEVELOPING COUNTRIES......Page 81
REFERENCES......Page 85
POLITICAL RENAISSANCE AND GLOBALIZATION......Page 87
DETERMINING POLITICAL ENVIRONMENT......Page 89
Expropriation, Domestication and Nationalization......Page 93
Exchange Control......Page 96
Import Restrictions......Page 97
Market Control......Page 98
POLITICAL SYSTEMS......Page 99
POLITICAL AND RESIDUAL RISKS IN INTERNATIONAL BUSINESS......Page 101
LEGAL OUTLOOK ON INTERNATIONAL BUSINESS......Page 104
TARIFF BARRIERS......Page 105
ANTI-DUMPING LAWS......Page 107
IMPORT LICENSING......Page 108
REFERENCES......Page 109
TRADE COMPETITIVENESS IN DEVELOPING COUNTRIES......Page 111
MACROECONOMIC FACTORS......Page 113
FREE TRADE AGREEMENTS......Page 114
TRADE AND MONETARY REFORMS......Page 116
REGIONAL TRADE AND ECONOMY OF EEC......Page 117
Trade and Economic Growth in Latin American Countries......Page 119
INTERNATIONAL TRADE AMONG LATIN AMERICAN AND ASIAN COUNTRIES......Page 122
Architecture of Business Partnering among Asian-LA Countries......Page 124
Prospects in Foreign Trade......Page 125
Expansion of Latin America-Asia Trade Links......Page 126
TRADE POLICY IMPLICATIONS......Page 129
Triad Market......Page 130
Asia- Caribbean- Pacific Rim Countries......Page 131
Post-Communist Countries......Page 134
African Marketplace......Page 136
GROUPING OF COUNTRIES......Page 137
REFERENCES......Page 140
INTERNATIONAL TRADE IN EMERGING MARKETS......Page 141
CHINA AN EMERGING MARKET......Page 143
INDIA IN GLOBAL TRADE COMPETITION......Page 146
LATIN AMERICAN AND CARIBBEAN COUNTRIES AS EMERGING MARKETS......Page 151
ECONOMIC ENVIRONMENT......Page 154
INTERNATIONAL COMPETITION......Page 156
POLITICAL FACTORS IN INTERNATIONAL TRADE ALLIANCES......Page 160
TRADE AND TARIFF STRUCTURES......Page 161
ARCHITECTURE OF BUSINESS PARTNERING AMONG ASIAN-LATIN AMERICAN COUNTRIES......Page 163
Prospects......Page 165
Expansion of Latin America-Asia Trade Links......Page 167
DEVELOPMENT OF TRADE RELATIONSHIPS AMONG ASIAN-LAC COUNTRIES......Page 170
REFERENCES......Page 175
MODES OF ENTRY IN A GLOBAL MARKETPLACE......Page 177
EXPORTING......Page 179
CONTRACTUAL AGREEMENT......Page 181
LICENSING......Page 182
FRANCHISING......Page 183
Franchise Administration......Page 184
Franchising and Customer Value......Page 185
Performance Measures in Franchising......Page 186
JOINT VENTURES......Page 189
STRATEGIC ALLIANCE......Page 192
WHOLLY-OWNED SUBSIDIARIES......Page 194
DEVELOPING AN ENTRY PLAN......Page 195
EXIT POLICY......Page 198
MARKET UNCERTAINTIES AND ENTRY DECISIONS......Page 199
REFERENCES......Page 205
GLOBAL COMPETITION AND COMPETITORS......Page 207
UNDERSTANDING COMPETITION......Page 208
THEORETICAL FRAMEWORK OF COMPETITION......Page 211
COMPETITOR LEARNING......Page 216
COMPETITOR LEARNING MODELS......Page 221
PLAYING IN THE COMPETITION......Page 223
COMPETITOR STRATEGIES......Page 230
MARKET PLACE STRATEGY......Page 236
COMPETITOR ANALYSIS: CAPABILITIES AND COMPETENCY......Page 239
ANALYZING A COMPETITOR’S SIGNALS......Page 243
RE-ENGINEERING INTERNATIONAL BUSINESS......Page 245
CUSTOMER VALUE AND REENGINEERING PROCESS......Page 246
CORPORATE CONCEPTS OF REENGINEERING BUSINESS......Page 247
COMPETITIVE FOCUS......Page 249
REFERENCES......Page 251
GLOBALIZATION AND CORPORATE VENTURING......Page 253
INTERNAL AND EXTERNAL FIT......Page 255
FINANCIAL AND INVESTMENT VENTURING......Page 256
TECHNOLOGY AND INNOVATION......Page 258
INTERNATIONAL ORGANIZATION DESIGNS......Page 260
CORPORATE VENTURE CONTROL MANAGEMENT......Page 262
Profit Impact on Marketing Strategy......Page 263
COMPETITION VS. COOPERATION......Page 264
Achievement and Competition......Page 268
Economic Competition......Page 269
Global Local Marketing......Page 272
CULTURAL IMPLICATIONS OF GLOBAL VENTURES......Page 274
GLOBALIZATION: CHALLENGES AHEAD......Page 277
DETERMINING POLITICAL ENVIRONMENT......Page 278
GLOBAL FINANCIAL TRENDS AND BANKING SYSTEM......Page 281
Management of Finance by the Multinational Companies......Page 283
Focus on International Investments......Page 286
GLOBALIZATION EFFECTS......Page 288
CHANGING CORPORATE CULTURE......Page 289
STRENGTHENING SALES SYSTEM FOR EFFECTIVE GLOBALIZATION......Page 292
BUSINESS PARTNERING PROSPECTS......Page 293
REGIONAL TRADE COOPERATION......Page 294
General Trade Negotiations......Page 296
Operational Issues in Business Partnering Model......Page 297
Quarantine and Sanitary and Phytosanitary (SPS) Measures......Page 298
NEW VISIONS OF EMERGING MARKETS......Page 299
WINDOW ON THE WORLD BUSINESS......Page 303
SHIFTS IN GLOBAL BUSINESS......Page 304
CASE 1. RETAIL EXPANSION IN GLOBAL ARENA: STRATEGIES OF WAL-MART TO SUSTAIN COMPETITION......Page 307
CASE 2. CANON: STRIVING WITH COMPETITION IN GLOBAL IMAGING MARKET......Page 309
CASE 3. NESTLÉ : EXPERIENCING GLOBALIZATION BENEFITS......Page 312
Time Line of Philips......Page 315
Current Phase of Growth......Page 317
Financial Achievements and New Global Thinking......Page 318
CASE 5.TANZANIAN TEXTILE INDUSTRY: WEAVING THROUGH THE TURBULENT ECONOMY......Page 319
Global Operational Expansions......Page 323
CASE 7. DAIMLER CHRYSLER: COMPETING WITH GLOBAL AUTOMOTIVE INDUSTRY......Page 325
The Time Ahead......Page 326
BIOGRAPHY OF THE AUTHOR......Page 327
INDEX......Page 329
