Globalization Essay Example | Topics and Well Written Essays - 250 words - 10

Globalization - Essay Example Globalization also allows businesses to take up cost cutting measures by outsourcing production to countries where they can avail the benefits of cheaper labor, raw material, equipment, processing etc. that being said, operating in an international market also poses a number of threats some of the major ones being compliance to laws of specific countries of operations and increased competition For example, Nike outsourced its production to Asia and was criticized greatly for not considering the significant amount of child labor used in the factories there. Thus, the need have a strategic competitive edge is imperative for success in this era of globalization. For governments, globalization is seen as a threat as well as an opportunity. On one hand it hampers the growth of local industries and adds the aspect of uncertainty to the economic construct of a country. This is why many countries make it difficult for foreign companies to enter and operate in the home country, as a measure to protect their local industries to promote self-sufficiency For example; China has restrictive import policies so that the local industry does not suffer as a result of increasing trade. On the up side, globalization opens doors to trade and investment, boosting the economy (Imf.org). It also allows greater consumer power of choice and the influx of foreign business helps in the development of technology and communication locally. Lastly, it helps in countries to maintain positive relationships with each other, contributing to world peace and regional harmony like the trade relationship between US and European Union aimed at bringing both regions together th rough trade. Agreements like the transatlantic trade and investment partnerships regulate and support such trade

Dissertation Introduction - Taobao vs eBay Essay

Dissertation Introduction - Taobao vs eBay - Essay Example In terms of outline, this chapter will then offer a Background and rationale for the study, which is based upon existing work in the area. Several studies have recently been made of the eBay and Taobao phenomena, and the results documented. These will be used as a springboard towards the contribution of this study. The Aims and Objectives section of the chapter will offer the overall objective of the study. The aim is to scrutinize the current situation of eBay in China, and how a comparison with the more successful Taobao can be used in order to improve its situation. This section will also clarify the concepts of e-Commerce and C2C e-Commerce. The e-Commerce business model that eBay is currently using in China will also be evaluated. A comparative analysis will be performed of eBay and Taobao. Initial recommendations will be formulated in order to optimize eBay’s Chinese market presence, while the objectives identified will be related to the achievement of the overall aim. T he methodological framework will be explained, while the chapter concludes with a brief outline of the dissertation structure. Despite a promising beginning, eBay has been experiencing a recent drop in growth in its Chinese market. Its main competitor in this market is the local company, Taobao. This study is then conducted in order to identify possible ways in which eBay can remedy its market position in China. Several important studies have been conducted to compare Taobao with companies such as eBay in order to identify the success factors of the former. One such study has been conducted by Chen et al. (2007). According to the outcome of this investigation, three main factors have differentiated Taobao from its American counterpart, and been responsible for the success of the former. The first factor is that China’s C2C (consumer to consumer) market is young and experience-seeking. The customers are price sensitive, in concomitance