“Explain and concept of ‘peak oil’, and outline the possible consequences of peak oil for the global economy” The theory of ‘peak oil’ refers to the inevitable peaking and consequent decline in the amount of oil produced in any nation throughout the world. The term ‘peak oil’ usually refers to the time when the maximum rate of global petroleum extraction is reached after which a terminal decline in the rate of production occurs (Heinberg, R. 2003, pg. 97-98). There is an ongoing debate about when
International Business: The New Realities, Global Edition, 3e (Cavusgil) Chapter 12 Strategy and Organization in the International Firm 1) Firms that want to become globally competitive must seek simultaneously three strategic objectives—efficiency, flexibility, and learning. Answer: TRUE Difficulty: Easy Skill: Concept Objective: 12-1 AACSB: Dynamics of the global economy 2) Efficiency refers to emphasizing consensus-based decision making and problem solving, in which managers readily share
with geocentric tendencies. Answer: FALSE Difficulty: Easy Skill: Concept Objective: 4-1 AACSB: Dynamics of the global economy; Multicultural and diversity understanding 2) An ethnocentric orientation positively impacts the ability of managers to manage business projects and new business practices abroad. Answer: FALSE Difficulty: Easy Skill: Concept Objective: 4-1 AACSB: Dynamics of the global economy; Multicultural and diversity understanding 3) Ethnocentric orientation
because understanding the contemporary international political economy is an essential part of being an informed citizen. Understanding globalization is a very important part of learning about our human involvement with the environment and society. Our daily experiences at
what brought on the financial crisis of 2008. One of these views are that of global imbalances. On the one hand, the United States have an extremely large current account deficit. On the other, there are countries, especially oil-exporting economies and China in particular, with large current account surpluses. The concept of global or external imbalances is often seen as a synonym for this situation. The definition of global imbalances is often vague. There is not one clear definition as it tends to
Who are the most important actors in the global political economy and Why? Ipe is about culture and society as well In all spheres and society is also a Unequal relationship of society is basis of Introduction/thesis statements: Global Political Economy is essentially a study of a political battle between the winners and losers of global economic exchange. In fact, understanding global economy relies on a clear knowledge of the process of political competition. Political power possessed by actors
Module Title Issues in Global Business and Strategic Concepts Module Code 6IM 501 Module Level 6 Credit value 40 Total Number 400 of Learning Hours Key Words Implementation of Global strategy, strategy and the organisation, strategic development, globalisation, international business and the environment, internationalisation. Module Description There has been a fundamental shift
Indeed, the sharing economy known as collaborative consumption. It is a trending concept that highlights the skills for individuals to rent or borrow the goods as compared to purchase them. Without a doubt we can say that 2013 is a sharing economy year. (Forbes, 2013) The concept of the sharing economy is following below: Accommodation sharing: Airbnb has not only opened the doors for the alternative way in the perspective of travel, but it has forced cities to follow-up their housing codes and
The International Political Economy in the 1970s The article that is going to be reflected in the following paragraphs attempts to describe the connection between the Cold War and the transfigurations of the political economy throughout that time period. In doing so, the article, “The Cold War and The International Political Economy in the 1970s”, examines various forms of scholarly literature on the topic. Often times, the Cold War and international political economy are disconnected, but this
When Corporations Rule the World revolves around Korten’s main argument that transnational corporations and financial institutions haven taken over the economy and global politics with deleterious results to democracy, the environment and the general population. The second part of his argument is that there is an urgent need for change, as he calls for action to combat and replace what he refers to as “corporate libertarianism” with “democratic pluralism”. “Corporate libertarianism” is the laissez-fair