Marketing: Investment and Asian Emerging Countries Essay

Submitted By sitticwi1581
Words: 1238
Pages: 5
Open Document
Writing Essay
Since globalization commenced in developing countries in the 1980s, these countries have been reformed by governments about trade, education and foreign investment. Some opponents argue that globalization is the main reason of wider income gaps that result in an increasing number of poor people in developing countries. However, some proponents argue that an increasing level of gross domestic products (GDP) and trade results from economic globalization because of an increase in volume of foreign investments. Globalization has positive effects on economies in Asian emerging countries because of rising economic growth in these countries, broadening of based knowledge in nations and improving quality of life.

First of all, the main reasons of increasing economic growth in Asian developing countries are trade liberalization and increasingly industrial productivities. Government’s policies about less restriction of trade such as foreign direct investment (FDI) and free trade agreement (FTA) have incentive for foreign investors to invest their businesses in developing countries. According to empirical researches, Dollar (2005, P192) and Shin (2009, P151) demonstrate that economic growth of china has increased dramatically since government started the policies about trade reform such as reducing import tariff rate and opening economic areas for multinational corporations (MNCs) to be able to invest directly in 1978. Furthermore, industrial productivity growth is a method of growing economies in developing countries because it measures efficiency of productions and services in companies connecting with the level of gross domestic products in countries. These companies bring technology and management system such as Total Quality Management (TQM) to optimize the use of available resources. Therefore, they are able to boost product capacity in manufacturing. For example, over annual growth rates of labour productivity growth in South Korea have increased dramatically by exceeding 10 percent and growth rates of industrial productivity have been considerably higher in South Korea than these in some developed countries after globalization (Dollar & Sokoloff, 1990 cited in Bell & Pavitt , 1997, P112). Consequently, less restriction of trade and increasing productivity growth in industries has positive effects on economic growth. Moreover, range of Knowledge of nations in emerging countries has broadened rapidly on account of flow of technology and new form of trading communities. Firstly, technology transferred by developed countries has effects on industrial and agricultural systems. Two groups collaborating with transnational corporations (TNCs) are local employees and entrepreneurs who are educated knowledge of technology by these companies. Local workforces are trained about elementary technology and know-how because this knowledge is crucial factor for employees to effectively improve the local organizations (Blostrom, 2000; Reddy, 2006 cited in Krieckhaus & Mukherjee, 2011, P154). Another group is entrepreneurs taught by transnational companies about operational process and quality standard; therefore, dissemination and training courses are provided. According to study of Islam (1992) cited in Tambunan (2009, P149), transitional companies are responsible for training technology classes for contractors, subcontractors and skilled workers because they work at these companies. Secondly, these foreign companies’ knowledge is not educated only industries, but it is also brought to develop on agricultural system. According to article, World Bank (1998) cited in Krieckhaus and Mukherjee (2011, P154) examines that there is a double rise in the volume of staple crops in Asian developing countries since 1950. Lastly, online trading communities such as E-commerce are popular for enterprises in contemporary businesses because it is able to easily purchase order and make transaction via online websites. It contributes to
Show More

Related Documents: Marketing: Investment and Asian Emerging Countries Essay

The Global Importance And The International Marketing Strategies Applied By Emerging Multinationals

importance and the international marketing strategies applied by emerging multinationals -- INTERNATIONAL MARKETING -- Abstract: This paper focuses on the emerging multinationals that composed of two parts: The global importance, especially the importance of economic globalization to the development of emerging multinationals, and how emerging multinationals contribute to the development of global economics; the strategies applied by emerging multinationals, how they strengthen…

Words 1614 - Pages 7

Sales in India Essay

cities or regions of the country to achieve nationwide distribution especially to compensate for varying state regulations and a lack of infrastructure and distribution throughout the country. The lack of wine quality available from domestic producers can be opportunistic for Canadian exporters who can provide high quality wines at competitive prices compared to other countries exporting wine to India. The success and growth of Canadian wine exports to other Asian countries, as well as the successful…

Words 1221 - Pages 5

Essay on BMW Case Study

The BMW automobile has stood as a leader of luxury and makes a statement to those that it passes. With an original target strategy that focused on the wealthy segments of “baby boomers and successful yuppies”, BMW now focuses on a wider marketing strategy. As the catalog of vehicles grows to meet the changing consumer needs, BMW creates more competitors. As the millennium continues, so does the target strategy. Originally targeting a focus group with their 3, 5 and 7 series cars, BMW has changed…

Words 1203 - Pages 5

Essay on contemporary world review

transportation, marketing, inventory management, etc. CONSUMPTION: The use of a good or service by a customer, person or company. 2. How is wealth measured? Give economic and social indicators and define them. Difference between rich/poor countries can be established with: Social indicators: Health, education and literacy levels, etc. (population) Economic indicators: Gross (Raw/before taxes) Domestic Product (GDP), inflation rate (cost of living), etc. Indicators to categorize countries according…

Words 2443 - Pages 10

Singapore: Creativity and Pragmatic Economic Development Essay examples

The Singapore Planning What strategies has Singapore followed in the post-industrial era to deal with globalization and competition from other emerging world cities? An alpha plus city It is the most globalisaed country Ranked fourth after London, ny, Tokyo on the worldwide centers of commerce index A measure of global ranking on seven dimensions, including legal and political framework, financial flows and economic stability. Ranked the worlds easiest place to do business A visiting…

Words 1071 - Pages 5

MKT 460 McKinsey Tracking The Growth Of India S Middle Class Essay

already played a much larger role in India’s growth than it has in that of other developing countries. A Marketing 460 Reading Page 1 In 2005 private spending reached about 17 trillion Indian rupees1 ($372 billion), accounting for more than 60 percent of India’s GDP, so in this respect the country is closer to developed economies such as Japan and the United States than are China and other fast-growing emerging markets in Asia (Exhibit 1). Our study shows that aggregate consumer spending could more…

Words 3227 - Pages 13

Outline: Management and International Business Essay

09:00am – 12:30pm Part 1: Investment Strategy and Planning These sessions will focus on the tools required to achieve international business expansion for your company with special emphasis on investment, planning, and strategy. The objectives of this Part 1 are to: • Provide you with an understanding of the key success factors and risks in International Business Development • Deliver increased focus and confidence in investment decisions • Enable you to develop a marketing plan for International…

Words 1124 - Pages 5

International Marketing Management Essay example

Progressive Marketing Limited PML Bringing your market to you Created by Ryan Howard 1. In today’s developing economy and increasingly interconnected world, it is becoming more and more important for businesses to take action and research into the globalisation of its’ products and services. Internationalisation of goods and services can help to expand sales, increase competitiveness and reach new…

Words 2940 - Pages 12

Tesco: from Domestic Operator to Multinational Giant (Case Study from Exploring Strategy 9/E) Essay

Tesco had achieved measurable success in the UK market which was highly regulated and competitive. Due to regulatory pressures, Tesco focused on its operations and capital investment within UK, which also led to opportunities in the international markets as they were a profitable business. Tesco had extensively studied the Asian market in late 90s and due to the rapid liberalization of previous…

Words 1026 - Pages 5

Essay on International Trade and Countries

Chapter 1: Globalization and International Linkages Learning Objectives and Chapter Summary 1. ASSESS the implications of globalization for countries, industries, firms, and communities. Globalization—the process of increased integration among countries—continues at an accelerated pace. More and more companies—including those from developing countries—are going global, creating opportunities and challenges for the global economy and international management. Globalization has become controversial…

Words 6577 - Pages 27