Cultural Aspects of Cross Border Mergers and Acquisitions
February 12, 2025
International Trade has become the order of the day in the current environment of Globalization. The nature of economies namely under developed, developing and developed countries as well as the availability of natural resources, labor, technology and capital required for production etc play a important role in countries economy as well as its reliance on […]
The main drivers of the BPO phenomenon are globalization, economics and geopolitics. To elucidate, ever since the global economy started getting more integrated and interconnected, there has been a concomitant movement towards opening up of the economies of the developing countries to greater interaction with the west. This “flattening of the world economy” has meant […]
The FIFA World Cup is an international sporting event. This event is held every four years. However, the host country changes every time. Countries have to bid against each other in order to win the rights to host the next World Cup. Many economists have questioned this practice. However, none have been able to find […]
Hammer and Champy’s concept of Business Process Re-Engineering depends on harnessing technology to optimize processes as its main driver. To understand why technology is imperative for BPR, let’s first review what BPR does. What is BPR? “BPR is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical contemporary measures […]
Use of computer systems is a post second world war phenomenon. The first working computer was developed by two scientists at the University of Manchester, UK. However, commercial applications of computer commenced during the 1960s. Pre ERP systems In the sixties, computers were bulky, noisy and without the facility of standard operating systems. The organizations […]
It has been more than 20 years since the World Trade Organization (WTO) came into existence. However, there is still considerable debate as to whether it has been a success or a failure. The objective of the World Trade Organization (WTO) was to foster efficient economic activity across the globe. This was to be done by promoting mutually beneficial trade and opposing trade wars between nations.
The general perception is that the World Trade Organization (WTO) has failed to meet its objectives. However, there are many who still believe that this organization is doing a great job. In this article, we will understand both sides of the argument.
To sum it up, there is no real consensus on the success or failure of WTO. There are many people who believe that it is an unfair organization that works for the benefit of already developed nations. These people believe that the interests of developing nations are marginalized by the WTO. However, there are many others who believe that WTO has greatly improved the standard of living and trade opportunities available to developing nations.
Your email address will not be published. Required fields are marked *