The importance of an economic and cultural approach for transnational corporations to maintain compe

Under certain limited conditions, cooperative research can prove beneficial. Especially stringent needs arise because of local values and circumstances.

Over time, the Italian tile producers learned how to modify imported equipment to fit local circumstances: red versus white clays, natural gas versus heavy oil. Merging cultural and national elements would undermine ethnicity because the very nature of the blending process would innately originate from the experiences spurred and acquired across territorial boundaries Pieterse, We are particularly concerned with the determinants of international success in technology-and skill-intensive segments and industries, which underpin high and rising productivity.

Policies that convey static, short-term cost advantages but that unconsciously undermine innovation and dynamism represent the most common and most profound error in government industrial policy. Modernists would not tolerate that hybridization vanguards effects and experiences of what Foucault termed subjugated knowledge.

For example, Japanese consumers, who live in small, tightly packed homes, must contend with hot, humid summers and high-cost electrical energy—a daunting combination of circumstances. Some see national competitiveness as a macroeconomic phenomenon, driven by variables such as exchange rates, interest rates, and government deficits.

emergence of transnational corporations in the world economy

Organizational structures, like university labs and centers of excellence, reduce management problems and minimize the risk to rivalry. Companies rarely contribute their best scientists and engineers to cooperative projects and usually spend much more on their own private research in the same field.

The importance of an economic and cultural approach for transnational corporations to maintain compe

In many of the prominent industries in which there is only one national rival, such as aerospace and telecommunications, government has played a large role in distorting competition. We avoided industries that were highly dependent on natural resources: such industries do not form the backbone of advanced economies, and the capacity to compete in them is more explicable using classical theory. In fact, cultural exchanges among nations are positive as seen with the influences that global trade transactions have exerted on cultural identities. In an increasingly borderless world impacted by a globalization of economies, the preservation of cultural diversity feeds contrary and controversial reactions. In the homogenization view, barriers that prevent flows that would contribute to making cultures look alike are weak and global flows are strong Ritzer, These principles embedded within the system are efficiency, calculability, predictability, and control. The homogenization perspective seems to positively answer these questions as the increased interconnection between countries and cultures contributes to forming a more homogenous world adopting the Western Euro-American model of social organization and life style Liebes,

The main thesis of cultural hybridization is the continuous process of mixing or blending cultures.

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The Competitive Advantage of Nations