Chapter 1 Trade Missions in Today’s Global Economy: International Business Meets International Relations

Author(s):  
Huub Ruël
2018 ◽  
pp. 49-64
Author(s):  
Marek REWIZORSKI

One of the results of the accelerated economic and social development over the last thirty years involves the emergence of social movements that are opposed to globalization. The objective of this paper is to present the main demands of the opponents of globalization, in particular in the context of the asymmetrical development of the parties in international relations. Anti-globalists and alter-globalists oppose the increasing importance of transnational corporations and the gradual shift of the point of gravity in the global economy from sovereign states to institutions of a regional, supraregional or global character. Anti-globalists note the progressing global crisis of legitimization of the democratic system of governance and the threat that it will be replaced by highly institutionalized technocratic structures (WTO, IMF, World Bank, European Commission). The role of anti-globalist and alter-globalist movements is of profound significance at present as they provide opposition to neoliberalism as the binding doctrine in global economy. Calling for the establishment of mechanisms that would provide for fair distribution of goods between the ‘North’ and the ‘South’ they contribute to the internationalization of the idea of collaboration between states thus ensuring that order be maintained in the global economy. Therefore, these movements support the ‘weaker party’ in international business relations – the developing countries. However, there is a negative aspect of their activity, namely they perceive globalization as a process of subordinating the weak by the strong, or – in other words – they refer to the idea of class struggle in the global economic system.


Author(s):  
Karina Pasulka ◽  
◽  
Nataliya Kushnir ◽  

Introduction. The situation in the global economy and business during the COVID-19 pandemic is analyzed in this article. More than 30 million people worldwide have already been infected with the coronavirus, which came from China. However, the spread of the disease has also had an extremely serious impact on the economies of various countries in the world. The Organization for Economic Co-operation and Development has already said that it will take many years for the world to recover from the pandemic. EU GDP in the second quarter of 2020 showed a record decline - 14.4% year on year. The German economy returned to the level of 2011, the Spanish - in 2002, and the Italian economy was rejected in the early 1990s. These and other characteristics show the importance of research on this topic and problem, because it does not apply to a particular region or a particular country, but the whole world.


2021 ◽  
Vol 23 (Summer 2021) ◽  
pp. 117-140
Author(s):  
Bora Bayraktar

The COVID-19 outbreak has had a huge impact on the global economy and politics. Closures and lockdowns stopped international trade resulting in an economic slowdown. It has changed the daily lives of people and the way business takes place. Politics has also been affected by the pandemic. Discussions about the changing world order have gained a new dimension and momentum. In this article, the impact of the COVID-19 pandemic in international relations is analyzed. Has COVID-19 triggered a change in the world order? If it has, what are the nature, scope, and content of this change? As a rising regional power in the Eastern Mediterranean region, how has Turkey been affected by this, and how did it respond to the changing situation? Signs of deteriorating world order, declining U.S. leadership, escalating geopolitical competition amongst global powers were in the air before the pandemic. Turkey’s adaptation to this new world order pre-dates the pandemic, when it changed its political system, and invested in its security and cohesion.


2021 ◽  
Vol 2 (6) ◽  
pp. 134-138
Author(s):  
K. D. GVASALIYA ◽  

The East Asian Region is one of the most dynamically developing regions in the global economy and international business. Any East Asian company strives to become international and gain new development opportunities, maximize profits. Asian entrepreneurs are increasingly competing with European and American companies every year. Despite these outstanding results, there are a number of social and economic factors holding back business development in East Asia. This article assesses the main problems of international business development in the countries of the East Asian region, developed an algorithm for successful func-tioning within the framework of international business for East Asian entrepreneurs.


Author(s):  
Siri A. Terjesen ◽  
Zoltan J. Acs ◽  
David B. Audretsch

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Andrew Emerson Clarke

Purpose Money laundering and grand business corruption continue to plague the global economy, accounting for 2%-5% of the global gross domestic product. Illicit funds, produced through grand corruption, are laundered using complex layering schemes that cloak them in legitimacy by concealing their origins. Lamentably, weak anti-money laundering (AML) frameworks promote economic instability, unjust commercial advantages and organized crimes. This study aims to highlight the need for comprehensive anti-corruption and AML frameworks by critiquing the exploitable gaps in the global AML regime created by heterogeneous state-level AML regimes to date. Design/methodology/approach This study welcomes the United Nations Convention against Corruption (UNCAC) and the financial action task force (FATF) recommendations but underscores the limitations of their effectiveness by investigating state-level enforcement mechanisms to determine these instruments’ true impact or lack thereof. The mutual evaluation reports (MERs) and state-level AML regimes in the UK, the USA and Canada are analyzed to illustrate the distinct implementation of international soft law in domestic legislation. Findings This study finds that UNCAC and the FATF recommendations are pivotal steps towards the establishment of a global AML regime for international business, albeit, one that remains imperfect because of the inconsistency of state-level AML frameworks. Consequently, international cooperation is needed to navigate and improve the discrepancies in varied AML legislation. Originality/value The author provides an in-depth and balanced analysis of current state-level AML developments and relies upon the recent 2016-2018 MERs to indicate the successes and flaws of various AML legislation. Therefore, this critique may guide stakeholders to construct robust AML frameworks and contributes to academic research in AML.


1998 ◽  
Vol 24 (4) ◽  
pp. 515-528 ◽  
Author(s):  
DONNA LEE

This article reassesses the preparatory negotiations which launched the Kennedy Trade Round (KTR) of the General Agreement on Tariffs and Trade (GATT), in search of a role for Britain. My purpose is to make two challenges, one theoretical, the other empirical. Theoretically, this study questions the predominant focus on the structural power of major states that characterizes the study of international relations in general, and of the GATT in particular. This is a case-study of middle power influence that focuses on the negotiating skills and experience of state-level actors at the KTR. Empirically, I question the generally accepted view that the Anglo-American special relationship was merely a British myth and had no significance to US foreign policy interests in the 1960s.


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