Business Strategy

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University

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International Business Strategy

Globalization

Achieving financial stability , high living standards and economic is a perennial challenge that all countries globally face irrespective of the level of development . The paths taken to attain these objectives vary among countries as national economies and political systems are unique for each country . The strategies that have contributed to china 's rapid growth in the recent past are for example , are very different from those that have contributed to economic growth in countries which are different

from those that have contributed to similar growth in other different countries such as Malaysia

However , based on global experience , greater prosperity is based on some specific basic principles that underpin any strategy , regardless of the political structures and economic system of the country that is adopting it . These principles are common in all the various strategies and include investment particularly foreign investment that is direct development , implementation and spreading of technology , institutions that are strong , a workforce that is educated , an existing market economy and sound corporate and macroeconomic policies . In addition , all countries that are experiencing high growth in their economy seem to be all linked together by the fact that they all integrate with and participate in the global economy (Scholte 2000 , 44-52

Evidence shows that countries (regardless of their size and region that 'globalize ' their operations and citizens enjoy many benefits which include access to more as well as better paying jobs , access to wider range and variety of products...