Research Project: The Relations Between Global Busines and Global Politics

2208 words (9 pages) Essay

8th Feb 2020 International Business Reference this

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RESEARCH TITLE

‘’The interrelationship between global business and global politics and the challenges created’’

AIM

This research project aims to critically analyse the impact of global politics on the policies and the decision making of the companies working on an international level.

OBJECTIVE

  • To analyse the impact of the globalisation of markets on the cultural, historical and natural resources of the host country.
  • To examine the factors which need to be included in the international business practices so that the level of emissions from these companies can be reduced to a minimum.
  • To assess the impact of globalisation on the local economies and the income levels of the population of the country.
  • To recommend ways to improve the business processes of global organisations so that a more inclusive growth can be achieved and a level playing field can be prepared for the countries participating in the globalisation process.

 

INTRODUCTION

Globalisation is creating new opportunities for corporations to increase the scale of business and participate in the emerging markets which have high consumer demand. The companies who wish to expand their business internationally have to face varied challenges and the current research project will highlight the interrelationship between these global businesses and global politics. Global politics works with a broad vision and tries to solve common problems of the countries such a general rise in temperature of our planet, Food security, Health issues, Child education, Gender Equality, Biodiversity Loss, Ocean Conservation and Water Scarcity. The business activities of big global corporations make an impact on all the above-mentioned issues and the international politics makes sure that these global enterprises conduct their business in an environmentally sustainable way and help to improve the living condition of the people.

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LITERATURE REVIEW

According to Paterson (2013), Global businesses have created better business and employment opportunities for people in different countries of the world. Global politics has the responsibility to make the benefits of global businesses available to all and create a sustainable future for the upcoming generations. The leaders of leading nations of the world have a view that globalisation has been able to increase the economic activities in the countries and raise the income levels of the population. But if we see at the poorest population of world residing in the African and the South Asian nations, we can clearly see that these benefits are not being able to provide any considerable benefit to these people. Moreover, globalisation has created a danger of global environmental disturbances and temperature rises which are causing oceanic disasters such as tsunamis which have created more challenges in the lives of these people. Harrison (2012), states that global politics represents all these poor people and fights for creating a more just and equal world where every person has the opportunities to fulfil his basic needs of food, water and shelter. A better integrated and productive global market can result in an equal distribution of resources and the poorest of the people can be able to live their life with dignity.

Hirst (2013) has a view that the globalisation process was started in the 1980’s when major countries of the world participated in the multilateral trade markets to increase business activities in their country. Later, in 1990’s a number of developing countries started opening their markets and shifted towards a more liberalized economy which allowed global companies to sell their products and establish their factories in these nations. Globalisation brought a number of changes in the economies of these countries such as reduced tariffs, decentralising and privatising the economy and other such monetary reforms. According to Tsaliki et al. (2011), International organisations such as the World Bank and International monetary fund encouraged these developing nations to take loans with a condition to agree on the said conditions. At present, the growing influence of the markets has caused inequality and poverty in these developing nations. Today the difference between the income of an average American citizen and a person in Bangladesh or Ethiopia is in the ratio 9:1. The richer nations are getting richer and richer and the poor nations have grown little. The little growth that these nations have achieved is not equally distributed either and the majority of benefits are concentrated to a group of influential people.

Figures show that the rapid growth of few Asian nations such as India and China has reduced the total number of poor people in the world and the average level of income of the people has been increased. But these figures are obtained by considering the equal distribution of income among all the citizens of a country which is not the case in reality. This rapid growth has increased the inequality in these countries and the poor people have become poorer.

ETHICAL CONSIDERATION

Ethical behaviour is about adhering to the established norms. These norms help in distinguishing between right and wrong practice while conducting a research. These ethical standards prevent the researchers from manipulating the data so that favourable outcomes can be obtained from the research. Ethical considerations are also important to protect the private data of the participants in the survey and prevent any misuse of this confidential data (Silverman, 2016). Ethical considerations also require respecting the dignity of the respondents and taking their full consent regarding how their data is going to be used and what are the risks associated. Any exaggeration and miss-interpretation of data should also be avoided so that the research can achieve its true objectives.

RESEARCH METHODOLOGY

The research methodology includes the ways in which data is collected for the research and the methods used to analyse this data. The data is collected through two types of researches-primary and secondary, which are discussed below:

PRIMARY RESEARCH

The primary research is the original research which is conducted by the researchers to find the solution of a specific problem. In this type of research, a number of data collection methods are used such as questionnaires, surveys or focus groups. In primary research, the organisation has complete control over the data and it can be used effectively to address a specific issue and understand the expectations of different stakeholders of the business (Neuman, 2013). This market information can also be used to create a competitive edge in the market. Primary research may be a little expensive to conduct but it can provide direct feedback from the customers which can be used to understand the current demand of the customers.

SECONDARY RESEARCH

The secondary research relies on the data which is already available and was originally collected by someone else. This data is available in the form of journals, articles and research papers which can be found through online sources such as Google scholar or newspapers, books magazines and libraries. This data is not much reliable as the data obtained is generally out-dated and may not be enough for the research purpose. However, getting information through secondary research is also much cheaper as compared to the primary research.

DATA ANALYSIS METHODS

The data analysis is required to produce the original research results. Varieties of methods are used for this purpose so that managers can easily interpret the data and use it to form organisation strategies to provide growth or improve customer satisfaction. Some of the ways of data analysis are given below:

  • PIE CHARTS
  • LINE CHARTS
  • HISTOGRAMS
  • BAR CHART
  • TABLES

In addition to these data analysis tools, some online software can also be used for data analysis. One such tool is the Statistical Package for the Social Sciences (SPSS). This tool uses a variety of statistical function such as cross-tabulation which makes the data analysis easy and provides accurate data to the researchers so that they can form solid business strategies. These tools also provide the facility of data storage and data retrieval (Taylor, et al. 2015).

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WORK SCHEDULE

S.NO. ACTIVITIES TO BE DONE TIME SCALE (IN WEEKS)

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