By John B. Kidd, Frank-Jürgen Richter
This article considers various financial versions to be had within the international industry. the U.S. or Anglo-Saxon version is usually portrayed because the top yet now Asia is back on a roll. The e-book analyzes how those versions have prompted either neighborhood and worldwide improvement, and engages in discussions upon choices and the hunt for the 'grail'.
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Extra info for Development Models, Globalization and Economies: A Search for the Holy Grail?
It reflects the views of those who have understood that the market is a social relationship and that the capitalist market creates unacceptable unequal relationships. The people meeting at the Social Forum demand the introduction of parameters ignored by capitalist logic into economic calculation: the so-called externalities. This is a first step to prevent the concentration of wealth in the hands of a minority, when majorities are victims of the system. They propose alternatives, essential for the survival and quality of life of all human beings.
The stockmarket and technology crash of 2000, as well as the various global corporate scandals of giant firms such as Enron, Andersen, Tyco and Global Crossing in the United States, showed that no model of capitalism or business system is perfect. Furthermore, the suitability of the Anglo-Saxon model of capitalism for other regions of the world was especially questionable after those corporate scandals. In the year 2005, we are wiser in knowing that there is no one perfect business system. Both the Anglo-Saxon and Communitarian system practised in continental Europe and also in the developed economies in Asia, such as Japan, Korea, Singapore and Taiwan, all have proven there is more than one way or approach to a national business system and economic success in the twenty-first century.
What are relatively new, in short, are the forms that FDI from non-industrial countries is taking, the motivations, and the effects. These developments call for new research on the international expansion of such companies, bridging the gap between the existing literature on business in emerging economies. The former often portrays corporations as rent-seekers that flourish thanks to privileged access to political, financial and transactional resources. Scholars should now consider resources as the basis for corporate success.