TABLE OF CONTENT 1. Introduction There are multiple effects of internationalization on growing nations.

Internationalization has resulted in increased mutual reliance and rivalry among the nations¶ economies. This gets manifested in the exchanged of items and products and the shifts in finances, work and atmosphere. Consequently, local financial trends of growing nations are not decided only by local laws and market realities. On the contrary, they are greatly affected by local and international trends such as ease of using other markets and increased technical shifts from relatively advanced nation. These trends augur well for enhanced results and better operations. The impacts of globalization on developing nations: Trade and industry The liberals perceive internationalization in buying as an overall encouraging trend. The pattern of globalization they feel will enable profits for all involved and will not result in any party losing out. If feel that the globalization in trade would not benefit anybody-even those who are perceived as winning would actual be at a loss. In all scenarios involving communication, there have to be some winning parties and other who are at a loss. Labour and employment The apprehension of less international investments has induced the regimes in growing nations to compete for loosening controls on their market to lure foreign direct investment and global firms. This race has been spoken of by some as competition to get to the bottom since when regimes loosen control, salaries and taxes both do not increase. (Woods, 2000, p. 7).

Intellectual property right When growing nation compete in globalization, they have to enter in IPR collaborations as per which a great deal of money which is essentially profit gained from being the only seller is
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shifted from developing nations to advanced nations to stay within the boundary of property right law. Environment The campaigners for the environment or the green are worried that since globalization is spurring increased financial development, extreme consumerism and assembly line monetary tasks, there is serious damage to renewable and non-renewable assets. (Helleiner, 1996, p. 62). 2. Case Study: Fiji Fiji¶s finance scenario has two main aspects-one is survival based and the other is money based. The second aspect is related mainly to the producing of items for export. Fiji relies mainly on agriculture, though travel and production have added a great deal to the GDP. As opposed to other South Pacific island countries, Fiji has decently progressive facilities and also has fauna, natural resources and a lot of fishery which prop up the financial growth of the nation. Financial development has not been fast in Fiji owing to a number of factors such as political uncertainty, spiralling quantities of internal and international debts, territorial seclusion, expensive transport, dependence on limited assets and heavy reliance of restricted exports. Fiji experimented with a host of measures since the defence takeovers of 1987. These comprise, deregulating trade, improvements in the public sector, improvement in labour, FDI and international money assistance which have supported the economy. In an age, where foreign assistance is coming down, there is a lot of interest in luring international and regional money. Just like other growing nations, Fiji too has experimented with its local laws to factor in internationalization. Thus, one major aim of the financial programme is attracting more capital flows for monetary expansion and growth. However one must not forget to factor in the issue of if nations which are taking in more capital flows and have changed their framework to lure capital are profiting from such the incoming capital. 3. Conclusion

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In order to benefit from internationalization of selling practices and purchases and to derive maximum gains, I assert that the governance of growing nations could try and protect themselves somewhat. Firms in growing nations do not have much scope of taking on veteran and experienced companies situated in advanced nations. Multi national companies in advanced nations have seen the industry more and in the course of time have been successful in enhancing output. They possess extreme benefits with regard to aptitude, attributes and manpower. Hence they are successful in pricing their product at a lower rate in foreign destinations and continue to make profits. Younger firms in growing nations hence do need some security before they become robust and powerful enough to function without security. Several have asserted that this was the exact growth technique which was adopted by nations such as the United States, Germany and Japan at the time of their quick growth ahead of the twentieth century. They resorted to charging increased rates at the time of undergoing industrial shifts. These rates assisted in securing new firms from UK based rivals which were better functioning and was needed to induce financial development. Gaining security for important firms will permit growing nations to continue with their little value enhanced output such as unprocessed farm items and natural assets rather than items with a lot of added value. The dissemination of technology in a growing country will be quicker if regional growing firms also participate in it. References: 1. Helleiner, E. (1996), ³The international political economy and the greens´, New Political Economy, Journals Oxford Ltd, Oxford, Vol. 1. No. 1. 2. Woods, N. (2000), The Political Economy of Globalization, Macmillan, Basingstoke.

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