Global Business Environment Essay Example | Topics and Well Written Essays - 1500 words

Global Business Environment - Essay Example The drivers of communication have mainly been technological advancements in the field of IT, diplomacy, the establishment of international organisations and multinationals and world economic treaties. Even though there are some who may take the persuasion in favour globalisation, fact remains that globalisation has largely entrenched inequality of income both within and among countries, as shall be seen in the discussion which ensues forthwith. In the first instance, it is important to acknowledge the fact that globalisation easily mingles with and depends on neo-liberalism. For this purpose, it is always pointed out that there should be modalities placed on world trade to create a level playing field among all states or countries which are participating in international trade. In this light, World Trade Organisation has always prevailed upon participants to abolish the exacting of trade tariffs and the issuance of trade and farming incentives such as subsidies, aids and grants. Inst ead, governments should open their markets and allow a laissez fare to sustain market competition among all the participating countries. Nevertheless, even this strategy has only entrenched inequality since this arrangement works on the presumption that all states are economically at par, which is not factual. On the contrary, less developed countries [LDCs] because of their fledgeling nature, depend on the tariffs they exact on imports, as a source of revenue, while developed economies such as Britain, Germany, the US and Canada are full-fledged enough to forgo the gains which would be accrued from tariffs. Because of this, LDCs get too shortchanged to gain from international trade, while developed countries continue to thrive in international trade. This development fosters and further entrenches economic inequality among LDCs and developed economies. In a closely related wavelength, it is important to take to stock, the fact that unlike the situation in developed economies, farme rs in LDCs are poor and therefore, mainly operate small-scale farming. Because of this, farmers in LDCs are not economically endowed to do without government grants, loans and subsidies. The corollary to this is that such farmers cannot also carry out independent agricultural research undertakings, cross-breeding and artificial insemination, as opposed to their counterparts in developed countries who are able to carry out all these exploits, and to access and afford disease-and-drought-resistant seeds. The same inequality above is replicated in the field of technology, as far as agricultural exploits are concerned. Farmers in developed countries are able to use and readily access reliable sources of information such as the World Wide Web, agricultural, marketing and agronomical journals, mainly by the virtue of the Internet. In like manner, Ezcurra and Rodriguez-Pose (2013, 92) point out that farmers in developed countries benefit from an advanced IT superiority and a more liberalis ed media. The liberalised media is a readily manifest reality in developed countries than in LDCs because developed countries are majorly mature democracies. Mature or stable democracies such as the UK, the US, Canada, Netherlands, Germany and Italy have liberalised their media so that information is not controlled by the