Macroeconomics Essay Example | Topics and Well Written Essays - 500 words - 9

Macroeconomics - Essay Example atus as a quality manufacturer, but also need to make way for the financing of individual initiatives taken by small time entrepreneurs (Cohen & Beranek 4). Manufacturing has always constituted the real backbone of the American economy. Manufacturing particularly had a percolating impact on the American economy, which means that creation of one manufacturing job led to the creation of multiple associated jobs in the economy. There is no dearth of skilled and semi-skilled workers in the nation who are competent enough and willing to support a thriving indigenous manufacturing sector. However, the shift in the dynamics of American economy in the past few decades, turning America from a manufacturing centric to consumption centric economy, thereby allowing the firms to shift their manufacturing operations to low wage hubs like China and India, has really negatively impacted the health of the American economy (Moore 113). American manufacturing is not mainly about big manufacturing hubs, but rather a network of large manufacturing units, supported by a web of smaller ancillary units. Hence, no wonder a shifting of the thrust of manufacturin g operations to low wage Asian and Latin American countries, has weakened the overall framework of the American economy. As a beginning, President Obama should withdraw the tax and policy benefits to the corporations locating their manufacturing operations to low wage nations. When it comes to manufacturing, the restoration efforts not only need to be focused on the large manufacturing units, but rather also include the small manufacturers and businesses, which create jobs and sustain communities, while bolstering the overall fabric of the economy. The other thing is that since many large corporations have shifted their manufacturing operations overseas, this has created the opportunity and scope for many small time manufacturers that compensate for the dearth for resources by imbuing their products with the attention to detail and

Four Main Debates in the Field of Global Strategy by Peng and Essay

Four Main Debates in the Field of Global Strategy by Peng and Pleggenkuhle-Miles - Essay Example It is evidently clear from the discussion that global strategy has been popularly understood to refer to the strategic guidance of any organization as the organization seeks to pursue different geographic markets. However, the fact that the definition is not clear as regards to what extent a global strategy should address has generated a heated debate. The paper, Current Debates in Global Strategy provides a unique review of the four current debates as regards global strategy. The four debates are cultural vs. institutional distance, global vs. regional geographic diversification, convergence vs. divergence in corporate governance and lastly domestic vs. overseas corporate social responsibility which are all widely believed to be connected to the institution-based view of global strategy. Peng and Pleggenkuhle-Miles track down the history of each debate while also highlighting the emerging tension of each debate. On the other hand, globalization has transformed and currently is mainl y characterized by its growing interdependency between countries and continues to be multi-faceted with various different business aspects. Peng and Pleggenkuhle-Miles give focus on the four debates informed by the belief that in order to properly analyze literature on global strategy, we have to first pick debates that are fairly distinct from one another. Additionally, a historical aspect was taken into consideration through identification of debates with varying timelines. In understanding the four debates, it is important that we understand the authors perceive global strategy as the strategy employed by firms, both international and domestic around the globe in a bid to compete successfully which in other words imply that their view is based on their belief that global strategy is to a large extent closely lies between strategic management and international business.