Globalization in essence is companies and governments climbing onto the world stage and interacting internationally.
Globalization has helped some, but it has also hurt a lot, specifically through:
- Making the rich richer
- Removing trade barriers only for new ones to rise (VAT taxes, etc.)
- Increased trade deficits with many jobs leaving their developed nations for less developed ones (U.S. manufacturing to China, etc.)
- Developed country job pay cuts
- MNC's leaving countries and exploiting international tax havens
- MNC's overseeing bad work conditions in countries with less regulations
- MNC's influencing international politics
- Exploitation of labor
- Social welfare schemes
Et cetera, et cetera...
All the problems we hear about with companies leaving their countries and stranding thousands if not millions of people without jobs, and labor issues in other countries all stem from globalization. So we need to decide if the benefits outweigh the costs here or not...
Cost minimization and opportunity maximization are the primary goals of a cooperative strategy. Yes, firms can use both to be achieved simultaneously.
Cost-minimization technique:- the firm develops formal contracts with its partners. Those contracts specify how the cooperative method is to be monitored and how associate conduct is controlled. The aim of this method is to reduce the cooperative method’s cost and to save you opportunistic behavior by way of partners.
The opportunity-maximization technique:- focuses on a partnership’s value-advent opportunities. In this case, companions are prepared to take advantage of unexpected opportunities to analyze from every other and to explore extra marketplace place opportunities. Much less formal contracts, with fewer constraints on partners’ behaviors, make it viable for partners to discover how their assets and capabilities may be shared in a couple of value-creating ways.
Both be done simultaneously:- firms can effectively use both approaches to manage cooperative techniques. But, the fees to display the cooperative approach are extra with price minimization, in that writing certain contracts and the use of sizable tracking mechanisms is high-priced, even though the approach is meant to reduce alliance costs.
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Answer:
Applied specializations are less likely to practice in their field, instead choosing to run studies in their area of expertise.
Explanation:
Applied research- It refers to the research and scientific study that tends to solve practical problems and to answer particular questions of an individual or a group. This research is used to develop innovative technologies, cure illness, and discover solutions for everyday problems. The research can be used in medicine, education, and business.
Basic research- It is a systematic study that is directed towards understanding fundamental aspects or greater knowledge of any given phenomenon and observable facts without direct applications towards products or processes in mind. This helps in expanding our knowledge and leads to innovation. Basic research provides a broader perspective of scientific fields.
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Answer:
necessary, not sufficient
Explanation:
Water is a necessary, not sufficient condition for staying alive.
