International Business Essay Example | Topics and Well Written Essays - 3000 words - 14

International Business - Essay ExampleAs the jobs of the stolon world make their way to the developing regions of the third world, the forces of globalization have had many unintended consequences. The termination of manufacturing jobs in the countries of the world and their movement to the lower paying developing third world has restructured the world economy. This apprize assignment will explore the globalization phenomenon with an eye to outsourcing and the changes dynamics of the global economic community. Asking the question, what is protectionism and in which way does it affects International Business in the current economic crisis, we will analyze protectionism as the offspring of outsourcing. This digest will utilize a case analysis and explore two countries which have embraced assuage trade and economic growth as a haven for outsourcing. China represents a unique compound of authoritarianism and capitalism leading to sustained and pronounced economic growth in one of the largest and suppuration - economies in the world. Mexico represents a controversial source for many American jobs. In addition to a cross-comparative analysis of these outsourcing source countries, we will address criticisms of the globalization phenomenon including the rise of protectionism as a response to the flight of jobs oversea (Lee 1996 Bhagwati 2008).Globalization, as it exists today, rests largely on the shoulders of neoliberal economics and the global entrenchment of capitalism as the overabundant economic system in the world. Neo-liberalism, the belief in laissez-faire economics, was best articulated by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States in the 1980s. Outsourcing is an integral component of the globalization phenomenon and a reveal aspect of the global division of labour. Thomas Friedman, in his immensely popular book The World is monotonic (2005), describes outsourcing as an integral component of the worldwide spread of capitalism and the global division of