Global Managers Essay Example | Topics and Well Written Essays - 5250 words

Global Managers - Essay Example The pro-globalization lobby argues that globalization brings about much increased opportunities for almost everyone, and increased competition is a good thing since it makes agents of production more efficient. The two most prominent pro-globalization organizations are the World Trade Organization and the World Economic Forum. The World Trade Organization is a pan-governmental entity (which currently has 144 members) that was set up to formulate a set of rules to govern global trade and capital flows through the process of member consensus, and to supervise their member countries to ensure that the rules are being followed. The World Economic Forum, a private foundation, does not have decision-making power but enjoys a great deal importance since it has been effective as a powerful networking forum for many of the world's business, government and not-profit leaders. The anti-globalization group argues that certain groups of people who are deprived in terms of resources are not curren tly capable of functioning within the increased competitive pressure that will be brought about by allowing their economies to be more connected to the rest of the world. The first phase of globalization is to integrate economically most of the populations of the world. The advantages of these phases would be the reduction of geographical inequalities by spreading jobs and business opportunities all around the word. So, the main action of actors of the first phase is world trade negotiation against protectionism. First phase of globalization: During the first phase, a global market for all products has been created. The market equilibrium between undeveloped and developed country is obtained by the currency exchange rate. Countries, who have insufficient exported capabilities, have a weak currency. Weak currencies make imported products of developed countries outrageously expensive and prevent the local population to buy them. Then, according to the neo-liberal economical theory, the effect of low salaries make the country attractive to foreign investment and the local entrepreneurship become more competitive. The local industry exports more and so the country can bear higher salary and the level of importation will so increase. This classical scenario has one major drawback: foreign currency exchange rate volatility. The currency can adjust strongly against other currency or be linked to a strong currency (the bath and the dollar) and so follow the movement up of the strong currency. Second phases of globalization: The second phase of globalization is the constitution of global governance. Today, the United Nations is the first step of the second phases. The purpose of the United

Evaluate the Significance of the Statement Essay

Evaluate the Significance of the Statement - Essay Example The problems related to such cases are analyzed in this paper; reference is made specifically to the transnational divorces in UK and their recognition in the context of British law. Due to the complexity of the relevant processes, two different modes of such divorces have been developed in the British law: the transnational divorces based on proceedings and those that can be developed otherwise than by means of proceedings. The literature published in regard to this subject highlights the following issues: existing British law in regard to transnational divorces is not so clear; there are provisions setting the general terms of the relevant processes but the options available are differentiated, leaving to the court the right to decide on the potential validity of a divorce for the English law and the intervention of the English courts in a dispute related to foreign divorce. This phenomenon is particularly clear in the case law developed in regard to this issue. In any case, transn ational divorces are acceptable in the context of British law, being based mostly on the principle of recognition, but their effects are not standardized, being depended on the conditions of each case, as these conditions reflect the relationship of each of these cases with the English law. The fact that the trends developed in Britain in regard to the acceptance of the transnational divorces as valid are differentiated, do not influence the power of the English courts to decide on the validity of these divorces, no matter if the terms of the foreign law, to which the parties are related, are met. 2. Transnational divorce in UK 2.1 Transnational divorce in UK – characteristics and challenges In order to understand the effects of a transnational divorce in the context of the British law, it would be necessary to refer primarily to the characteristics of the particular type of divorce, as developed not only in UK but also worldwide. A divorce is characterized as transnational w hen the acts involved, meaning the various processes required for the acquisition of the relevant certificate, have taken place in two different countries (O’Brien and Smith 1999, p.487). In accordance with Wray (2011), the transnational divorce is distinguished by the common divorce at the following point: in the transnational divorce part of the processes for the issue of the divorce need to be completed in UK and part of them have to be developed in another country (Wray 2011, p.83). In other words, transnational divorces are necessarily related to the law of different countries. In Britain, the requirements of a transnational divorce are incorporated in three different legislative texts – the Recognition of Divorce and Legal Separations Act 1971, the Domicile and Matrimonial Proceedings Act 1973 and the Family Law Act of 1986. It should be noted that the above texts do not refer directly to the case of ‘transnational divorce’ but they list the terms un der which a divorce of such characteristics can be valid in the context of the British law. In practice, the identification of the terms of validity of a transnational divorce is quite difficult. This problem is particularly common in England where a series of problems has appeared in regard to the successful completion of the relevant processes, a fact that reveals the need for the review of the relevant legislation (O’Brien and Smith 1999, p.487). One of the most important problems related to transnational div