StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) - Essay Example

Cite this document
Summary
The national business systems are influenced and affected by early and late industrialization, especially analyzing the past and present growth in the business systems. This paper will discuss the differences in the nature (institutional and organizational) and the performance…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.8% of users find it useful
MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION)
Read Text Preview

Extract of sample "MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION)"

The national business systems are influenced and affected by early and late industrialization, especially analyzing the past and present growth in the business systems. This paper will discuss the differences in the nature (institutional and organizational) and the performance of the national business systems from early and late industrialization by using relevant examples. DIFFERENCES OF NATURE AND PERFORMANCE OF NATIONAL BUSINESS SYSTEMSEARLY INDUSTRIALIZATIONIn early industrialization, the industrial revolution is the changes in social and economic changes that resulted from the use of hand tools to machines and the development of large-scale industrial production.

This was happened between the 17th and 18th centuryIn the late 17th century, the United Kingdom (UK) began the industrial revolution. Before industrialization, the people used to live in the rural area practicing farming. However, the countries had distinctive advantage in the manufacturing industry, especially in textile industry. Moreover, The development of the steam engine played important roles in ensuring an improvement in the banking industry. However, the UK banking industrywas lack of intermediation.

In the early 18th century, the United States (US) began the industrial revolution. After the civil war, the US industry was changed drastically. The railroads distributed goods and products everywhere; therefore, the production level was increased. Before industrialization, the organizational structure was under hierarchy structure. However, when the population in the cities increased after revolution, the country was decreased between rich and poor. Moreover, increasing in US industries improved in the banking industry.

The US banking industry supported many industries along with introducing the stock markets. Both early-industrialized countries focused on invention and innovation. The UK and US were creatively used in the textile and automotive industry with adequate support of the financial institutions where started growth of economies. Moreover, the manufacturing industries were set in these countries that marked the growth in the market share. LATE INDUSTRIALIZATIONIn late industrialization, Germany, Japan, and China implemented industrial revolution to enhance their economies.

Late or newly, industrialization refers to those countries whose level of economic development is between the developing and the first world classifications (Wyatt, 2009). This means that these countries have moved from the agriculture based economy to the industrialized urban economy. Some of the countries that are industrialized include Germany, China, and Japan.Germany (1st Paragraph)The development of the railway network fastened the transportation of goods from one place to another. In addition, through education, these countries produced more scientists thus becoming better in the technical field.

Industrialization led to the rise of the middle class and social labor movements. Moreover, Germany which was and still rich in natural resources like coal and iron, and a rich soil makes Germany to have an advantage. Additionally, the introduction of industrial protection in 1879 encouraged trade and growth of businesses.Japan (2nd Paragraph)In Japan, the threat by the west to economic backwardness and national sovereignty was the initial stage for the formation of a modern state. The banking industry emerged to provide investment capital and fund for local trade.

In 1870, the ministry of industry was created to operate certain industries as well as check the economic policy of the organization. The private sector was also involved in the development of Japans economy.China (3rd Paragraph)In China, there were the labor-intensive sectors that saw an increase in export-oriented rural industries. After the introduction of the open door policy, there was massive direct foreign investment. This led to an efficient allocation of labor resources thus boosted the economy of China.

** EXPLAIN THE INSTITUTIONAL, ORGANIZATIONAL, AND PERFORMANCE OF NATIONAL BUSINESS IN LATE INDUSTRIALIZATION ** ** THREE PARAGRAPH **In the early 1880’s oligopolistic firms became part of industrialization. This led to big businesses to diversify into more than a single industry thus leading to market concentration.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay”, n.d.)
MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay. Retrieved from https://studentshare.org/business/1683530-modern-business-in-comparative-perspective-exam-preparation
(MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay)
MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay. https://studentshare.org/business/1683530-modern-business-in-comparative-perspective-exam-preparation.
“MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION) Essay”, n.d. https://studentshare.org/business/1683530-modern-business-in-comparative-perspective-exam-preparation.
  • Cited: 0 times

CHECK THESE SAMPLES OF MODERN BUSINESS in Comparative Perspective (EXAM PREPARATION)

The Existing Market for CAM in the UK

This essay discusses the business concept of Herbal Medicine as an independent business which offers massage therapy and also sells homemade herbal products.... The business plan would increase revenue and also widen an existing client base using the business of homemade soaps and other cosmetics.... Currently, he does not have plans to employ other individuals for the maintenance of the business.... The essay "business Portfolio" discusses the business concept of Herbal Medicine as an independent business which offers massage therapy and also sells homemade herbal products....
20 Pages (5000 words) Essay

Ways to Solve Corruption in Ukraine

As Nitsevych points out, business firms in Ukraine widely engage in corruptive practices in order to take advantages of business licensing, taxation, and customs (“Potential for German investors.... Corruption in Ukraine and the Possible Ways to Solve It Introduction Corruption has become a potential threat to the sustainable economic growth of Ukraine, because the problems associated with fraud in government departments have been hindering the proper circulation of money and other key resources....
12 Pages (3000 words) Research Paper

Compliance Standards in Education

Since the Conference of the Parties, COP/15 in Copenhagen in December 2009, there is an increased demand for educational pedagogies, curricula and learning experiences that might foster intellectual facilitation of this global phenomenon as a universal site for engagement. ... hellip; ... n the context of the climate change regime, now more than ever, environmental science, and especially weather, are of keen import within educational curricula....
17 Pages (4250 words) Essay

ComputerBased Applications in Aviation Education

Certainly, from this particular perspective, it could be noted that education today becomes a measuring tool for people as to how they may fare in life.... Those who have the skills and may even have the talents find it hard enough to jump up to the executive ladder [especially for business establishment organizations].... In the paper that follows, an explanation of the different procedures of technology and how they are used in modern aviation education shall be presented and well tackled....
12 Pages (3000 words) Essay

Resource Management in Schools

Resource Management in Schools could be defined as the process and action of managing the resources with respect to a school such as human resources (teaching staff and support staff), materials, financial, information, and time.... Managing these resources are of paramount importance as far as managing a school is concerned because once these resources are adequately managed; such schools will have an edge over other institutions not having them, to provide a better quality of education. ...
26 Pages (6500 words) Essay

Does Corporate Governance Work

Corporate governance is authority exercised with outmost honesty and integrity to manage the affairs of company through a set of processes and rules (Clarke and Dean, 2005).... It is a set of techniques that evolved over time and are put in place to control the conduct of… Davison et al.... (2005) also define corporate governance as constituting functions and processes that oversee and influence the actions of a firm's management....
16 Pages (4000 words) Essay

Neo-liberal Higher Education in Taiwan

Harvey, in Job et al.... (2008), argues that neo-liberalism involves enhancement of individual freedoms and skills for… He argues that the State's role in the improvement of the well being of its citizens is to maintain a strong institutional framework that enhances “strong private property rights, free markets, and free trade” (p....
19 Pages (4750 words) Assignment

Controversy between Policy Analysis and Policy Advocacy

The paper "Controversy between Policy Analysis and Policy Advocacy" will begin with the statement that public policy is the big framework of thoughts and values within which decisions are assumed and action, or inaction, is chased by governments in relation to some matters or troubles.... hellip; Whereas broadly speaking private policy is the area of law in an association that impacts the relations between individuals or groups without the interference of the state or government....
23 Pages (5750 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us