Question

Select a country outside the US that interests you. For the country, research answers to the following questions:

- Is the nation the home base of any large multinational companies?

- How is globalization influencing the country's jobs and wages, its income inequality, and its culture, sovereignty, and physical environment?

- What benefits can the country offer to businesses seeking a new market or production base?

- Why did you choose this country? What are your thoughts, conclusions, insights? Any surprises?

Answer 1

I would take India as the country.

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Part 1)

Yes, India is the home base of many large multinational companies such as Tata, Infosys, Wipro, Asian Paints, etc. These companies have offices/plants/branches in many different countries and supply/provide products/services to customers/clients throughout the world.

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Part 2)

Globalization has brought a lot of change in the way companies in India used to operate and deal with their employees. Entry of foreign companies in the Indian market has created a lot of job opportunities for skilled/semi-skilled professionals. Salary structure has improved in many sectors because of increased competition and demand for qualified individuals. Since, multinational companies follow a structured approach with respect to business processes such as hierarchy based designations and salary structures (with employees at same level offered more or less the same compensation package), it can be said that the globalization may have contributed a lot in the reduction of income inequality (at the organizational level). However, at an economic level, the inequality may increase as demand for skilled labor increases with globalization, but there may be no improvement in the job opportunities for unskilled labor, thereby, increasing the income gap between different segments of the society. With globalization, the Indian culture has evolved as the population of the country is getting exposed to western trends and have access to products and services that were earlier not available. The thinking process at an individual level has also evolved. While globalization has contributed to the growth of Indian economy, there has been no significant impact on the sovereignty and physical environment. Rather, globalization can be considered as an important contributor in the development of infrastructure (such as roads, modernization of office buildings, automation of facilities, etc.) which may have positively affected the physical environment of the country.

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Part 3)

The following benefits can be availed by the businesses seeking a new market or production base (by investing in Indian market):

1) Access to highly skilled and talented staff at highly competitive wage rates. Many foreign companies have already established their offices in India to take advantage account of this benefit.

2) Various incentives (such as duty free import, tax exemptions, etc.) that are offered by the government from time to time in order to attract foreign investment in the country. Companies can also establish their plants in special economic zones to obtain additional benefits offered by the government.

3) India is currently considered as the fastest growing in the economy in the world and has the potential to provide high returns on investments that may be made by foreign companies.

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Part 4)

I have chosen the because India is currently considered as the fastest growing in the economy in the world. India is a country which is following different kinds of traditions and cultures from ancient days.

There are different kinds of rules and regulations in order to maintain the equalities between people.