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Globalisation in the Age of Trump: An Analysis

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Added on  2023-06-05

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This essay analyses the impact of Trump's policies on globalisation and the strategies that can be adopted by businesses to adapt to the changing scenario. It discusses the limitations and challenges of globalisation in the current age and how it has affected the economy of various countries. The essay also highlights the need for a balanced approach towards globalisation and protectionism.

Globalisation in the Age of Trump: An Analysis

   Added on 2023-06-05

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Running head: GLOBALISATION
Globalisation
Name of the Student:
Name of the University:
Authors Note:
Globalisation in the Age of Trump: An Analysis_1
1GLOBALISATION
Introduction
The essay constitutes the propaganda that estimates the mass retreats from
“Globalisation”. This has lead to the choice of several business strategies. The business
leaders believes that the segment of Globalisation is becoming flat and has become
unconstrained by the borders of country. The exaggerated claims were proven quite wrong
and ultimately the cries have resulted in a huge pull back for adjusting the protectionist
pressures. This has resulted “Globalisation”. Thus it can estimated through the situation of
the age that overreliance on the context of localisation can lead to hampering of companies
real ability for value creation across the borders for creating the glorious arrays of some of
the strategies of Globalisation (Ghemawat 2017). The essay is based on the detailed analysis
on the age of Trump and how it has affected Globalisation
Discussion
Complementing globalization with the pressure of protectionist has always been a
major task for any President in the recent times. An appropriate balancing of structural
improvement within the country and with the other countries on the perspective of
globalization is mainly based on the arbitrage and aggregation. Trump while framing
business policies have to follow two basic factors. First within the close proximity, the
chance of variance in the matter of resources is really, low that increases as the regions of the
countries gets wider (Chen 2018). Secondly, promising to improve the market scenario to
supply the requisites of the citizens through sound integration of centralized platforms at the
back end which incorporates production with effective R&D and all the supportive function
that begins with procurement and stretches to fill up the stores of finished products (Bulow
and Geanakoplos 2017). Here important decision has been taken by the Republicans to
influence the firms not only to influence the functionalities of the back end but also opening
Globalisation in the Age of Trump: An Analysis_2
2GLOBALISATION
up the market mechanism more inclined to controlled globalization with enhancement in the
technological front along with IT platforms.
Optimization of the formal structure with efficient alignment of perfect coordination
of various locations within the corporation has to be encouraged by the policy makers. For
years together the nation has emerged as a supreme regulator of international policies of
various countries. While few battles in the middle-east has utilized the stock of arsenal but at
the same time have forced the common citizen to make the agitation louder for the utilization
of national resources for the welfare of the country (Read 2018). In this regard a single wrong
move can inflict serious damage on the credentials of the Republicans. Furthermore with the
growth of cosmopolitanism Trump has to take on the countries policies which do not hamper
the sentiments of top hierarchy of some large companies.
It is almost certain that if Great Depression has failed to influence the scope of
business frontiers to great extent than this current trade war would also be very less effective
in this regard. As number of independent country has grown particularly in the last two
decades along with the far apart supply chain depends largely on the attitude of the
Republicans (Purnell 2018). It is quite evident that long geographical distance has played a
significant role in the merchandise trade. Interactions across the border have persuaded many
countries to join hands in framing economic policies in the interest of the people of whom a
growing portion encompasses inhabitants of other countries. Instead of this specific urgency
for globalization there has been a major downfall in it in the last four year roughly. The fall in
the commodity prices and a tremendous decline in the services which urge globalization
mingle with exchange rate shifting have affected performance to a great extent. Globalization
is further weakened by the deprivation of long term across border policies (Flew 2018).
Globalisation in the Age of Trump: An Analysis_3

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