Fundamental of International Buisness Essay Example | Topics and Well Written Essays - 500 words

Fundamental of International Buisness - Essay Example It describes the increase of trade and investing due to the falling of barriers and the interdependence of countries, particularly trade liberalisation or "free trade" (Globalization, 2005). So, the main driven forces of the Southeast Asia market include political, social and economic changes. Political driven forces were caused by changes in political doctrines. Primarily, a struggle between socialist and capitalist countries is over (Buckley, Ghauri, 1999). If we assume that "the essence of globalization is a subordination of human rights, labor rights, consumer right" (Ralph Nader), we should accept the view that trade and market relations is nothing more than subordination of human rights. But it is not true. To support this point of view, it is possible to use the theory of Adam Smith who wrote that markets function without conscious control because individuals take their private decisions in response to publicly-known signals (Himmelweit, et al. 2001). It is possible to agree t hat American and European companies create jobs overseas at the expense of domestic jobs, which does not break the rights of workers from the poorest countries. In addition, the globalization of industries has created surplus production capacity on a massive scale. Proposition of quality products which compete with the national brands does not humiliate consumers rights.