Convenience

North Korea has accounted for almost 60% of the world market value in relation to stock, while Japan has accounted for 70%. The globalized economy is driving businesses to enter foreign markets. Tokyo is investing and expanding its branches globally, making efforts to bring foreign companies to work with it. The city's industries include automobile, transport equipment, electronic apparatus, optical goods, furniture, consumer goods, printing, and publishing. Tokyo also emphasizes on environment, medical healthcare, welfare, information and communications technology, and employee selection processes are fair with recreational activities for employees.

Q1: Do you agree with the “Hyper Globalist” claim that the world is borderless. Give three
(3) reasons to support your answer, if yes or no.
Yes, I agreed with the hyper globalist view of a borderless world because of the globalization the
number of investors and global capital flows has increased due to the higher margin and
earnings. The businessmen are trying to find different ways to create a unique selling proposition
over other competitors to make the consumers prefer their services over other competitors in the
market.
This change has been seen in all the top organizations and if we have a look at the stats, the
economy has been improved a lot due to growth of global markets. So, to stay in the market,
every day a new strategy is established by the financier to retain its position in the market
(Newman, 2005).
Crossover of culture is more evident because of globalization and many globalists advocates that
free trade and free markets are the powerful tool for enhancing the cultures as trade creates
wealth and this wealth helps to remove the poverty and poor people from the daily work for
survival (Ceglowski, 1998).
For the borderless world, the technology is the most powerful tool used by the business persons.
As there are 600 million citizens in the country and more than half of the people are shopping
through online sites so a proper medium should be used to make the product reach the people
and use of technology can make the industry reach the heights. It is to be scrutinized as to which
technology favors the company and which doesn’t. In order to reach the consumers of, use of
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high technology is a must (The National Board of Trade, 2012). The digital campaigning can be
launched to influence the people.
Q2: What are some of the features of ASEAN regional grouping and their implications for
members?
ASEAN regional grouping was set up in the year of 1967 and having five original member
countries and these countries are Indonesia, Malaysia, Thailand, Singapore and Philippines.
After that Brunei, Vietnam, Lao PDR, Myanmar and Cambodia also joined the ASEAN Regional
grouping after 1984 (Nations, 2016). The purposes of the ASEAN declaration are as below: -
(i) To increase speed of economic growth, social progress and cultural development in the
region, and
(ii) To promote peace and stability among the countries.
Features and its Implications:
Sustainable Development: -ASEAN Community Vision 2025 and the United Nations 2030
Agenda for Sustainable Development will be applied in a manner to create a community that is
people oriented and centred around the people. The efforts of Thailand’s and leadership help to
promote complementarities, peace and security.
Implications for members: - This feature helps to introduce Green Movement that prevents from
pollution and saving the region from global warming. Global warming is also one of the serious
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problems faced by the people across the world. Global warming is basically an increase in the
temperature of earth due to the emissions of the greenhouse gases like CO2, SO2 and Nitrogen
Oxide. The increase in CO2 and other gases leads to melting of the ice caps that raises the level
of the sea and create a dangerous situation for the people of Vietnam who are living in coastal
areas of Vietnam (Pitsuwan, 2010).
Drug trafficking: - This helps in the improvement of problems which are being faced by
hospitals which are related to costs. There is a dire need of the DRG process as it helps to
analyze that whether the information given by healthcare industries correspond to the
information which is given in the records which are maintained regarding the patients. The main
purpose of the DRG audit is to figure out what are the errors related to sequencing and coding
which has an influence over the assignments of DRG.
Money Laundering: - Money laundering is established to reduce drug trafficking and also
address to other crimes like terrorism. Money laundering states some of the assessments like-
 To introduce and describe the current anti-money laundering regime,
 Help in the establishing the framework for assessing the effectiveness of the regime, and
 Implementation of framework to calculate how well the current system works and what
improvements are needed (Sukma, 2014).
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Cyber security: - As we know that the technology is developing very fast and also provide vast
areas of opportunity, but these technologies also bring the new technology with the unpredictable
threats with them. Thus, cyber security is the system of protecting networks and data from cyber-
crime. Cyber security is important because in the modern era everything is connected to the
internet.
Another feature introduced by the ASEAN regional grouping is ICT Masterplan 2020 that is
towards the digital economy and it enables an innovative and integrated community.
Q3: What is your understanding of the BREXIT? And express your views of the exit.
Investment in the share market is a very risky investment as it totally depends on the market and
investors always take their money from stocks and then put them in the bonds, which are a long
term holdings and safest mode as compared to the stocks. The criteria for all the major economic
event is satisfied by the “Brexit”. Brexit has a great impact on the global economic activity given
the UK small contribution to global GDP. Every year the UK work on improving the knowledge,
skills, and expertise of people deployed in businesses and spend a huge amount of money to
make them work better. Many new skilled people are hired every year and train them to work
towards the success of the country. This is done since all the higher authorities have pledged to
make the country a peaceful and prosperous place and conflict-free place so that people can work
and live fearlessly. This has been a blessing for the world. The report ‘Implications of Brexit’
shows that there are two important ways to analyze that what can be done by the Brexit for the
Australian economy. Trading with the financial instruments is the first way and another method
is the dealing with the flow of money in the country. When it comes to foreign investment and
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active and passive investors, it is important to analyze the economic factors as they affect the
market in the long term. For example, an increase in an inflation rate of the economy may affect
the manner in which the company sets the prices of its products (Regulators, 2016). So the
economic trends in the UK and Australia must be evaluated so as to save themselves from losses.
Changes in economic trends may have an adverse impact on the purchasing power of the people
of both the countries. Economic factors cover in its ambit the interest rates, growth patterns of
the economy, foreign exchange rates etc,. Most of the researchers found the short term and
medium term economic impacts which can be negative and focused on the economy of Australia.
Looking at the long-term impacts, then they are dependent on the degree to which the UK and
Europeans are intended to engage with the others, whereas the short-term economic impacts are
reflected by the trade and financial links and also dependent on the uncertainty that leads to slow
growth of UK that decrease the value of Australian Exports into Europe. On the other side, the
high trade costs and the results with less constructive access to the EU lead to a decrease in the
growth of the UK and create less demand for Australian imports. The contributors contribute
money and utilize the funds for the welfare of people. All the companies of the UK work
relentlessly towards its goals and objectives so that the long term aims of the UK can be
achieved, which is improving the economy and making it better every day (Government, 2016).
This has been done only to meet the expectations of the WTO and to add to the economy of the
world. Leadership and the local ownership are important factors and improve the success rate of
the country and helps in maintaining and building peace. The stock exchange is that many
investors have improved their financial conditions by investing in the stock exchange and strong
capital and funding position is procured. This has been proved very successful for many people
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who have motivated other investors to invest in the same too. The viability of euro area shot up
and the conditions of Australian banks started to worsen. There was a long-lasting impact, but
the condition started to improve due to better returns. However, the risks associated are always
high, though the return on investment sometimes cover up the losses and sometimes do not. The
stock exchange market is always very uncertain and profits and losses are a significant part of it.
Q4: The corporate support for Green Initiatives is driven as much by the potential to sell
new products and technologies as it is about saving the planet. The key drivers for Green
Initiatives are - corporate image, competitive differentiation, cost saving and compliance
with government regulations. What are your personal feelings about the green movement?
In order to survive in the market, competitors need to analyze what can help them to achieve
their long term goals. They need to strategize what can be the short term and long term
objectives. It is said that it is very important to know the strengths and weaknesses of your
enemies and keep a check on their activities. The creation of unique selling proposition is very
important because to take advantage over others one must be different from others (Sonoma,
2008).
The competitor rivalry has its advantages and disadvantages. The rivalry helps to motivate the
people and helps them to create more and more ideas and generate new plans to survive in the
market. The innovative ideas are very important because customers always want to experience
more and more things and those too new things. The customer is the end user and all the
products should be directed to the end users because they are the ones who will help the
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entrepreneur survive in the market. The entrepreneurs always keep looking for new ideas and
induce those using different methods to keep themselves motivated so that every time they can
give to the market different product and service. They need to keep innovating and help the
economy and add to the gross domestic product (Weng, et al., 2015). The economy is developed
through new inventions in the market and it even promotes globalization as more and more
investors would like to invest in the market if the percentage gross domestic product is better.
Q5: Is culture an important factor for globalization. Why?
A Culture symbolizes the impressions, orientations, policies, practices of an organization. It
gives the employees a sense of direction and also affects the behavior with other persons working
in the organization. The strong culture has a great impact on the values as hospitality is more
effusive in the UK. Concept of time and punctuality will be improved if an organization has
strong cultural characteristics. Also, people are highly moral people and they are very worried
about their self-image. Moreover, communication patterns and listening habits are highly
affected as the people are not very good listeners, as they normally wish to speak, guide and
philosophize. A strong organizational culture of the company has led to the growth of industry,
construction, commerce, free trade zones, transportation, tourism, farming, fisheries, and
communications sectors in the UK. The rapid development of these sectors yields to the
economic growth of UK. Companies with cultures that place a high value on creativity,
encourage their workers to take risks and improve their performance. Culture is that consider a
high value on attention to detail demands their employees to perform their work with precise
(Ceglowski, 1998). Companies that concentrate on outcomes, but not on how the outcomes are
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achieved, place a high importance on this value of organizational culture. Companies that place a
high value on this feature of organizational culture play a great deal on how their conclusions
will affect the people in their organizations. Teamwork is a very important feature of the
organizational culture as People who work for these types of companies tend to have a positive
relationship with their co-workers and seniors. Organizations with a competitive culture place a
high value on aggressiveness and outperforming the competition at all costs. An Organization
whose culture focused on stability are rule-oriented, certain, and bureaucratic in existence.
Q6: “Dirty money” obtained through drug trafficking, gambling, and other illicit activities
use offshore financial centers to escape the same thing as respectable “clean capital” As
senator what sort of regulations do you support?
Anti-Money Laundering (AML)
Singapore’s financial sector faces the risk of money laundering and terrorist activities. Monetary
Authority of Singapore (MAS) is the regime to protect the country from dirty money and protect
the integrity of country financial system. A strong enforcement is important to investigate of
suspected violations and take appropriate actions that have breached the term and conditions of
the MAS regulations (Hirsch, 1986). Under a new Enforcement Department, MAS will make
stronger its enforcement functions. According to the viewpoint of Mr. Ravi Menon, who is
Managing Director of MAS, is that country is growing financially, sophistication and
connectivity, similarly the risk of criminal activities also exists in the financial system. The
monetary authority of Singapore introduces regulations to resolve the problems and make sure
that the Singapore’s financial center remains a clean, clear and trusted (Moreno, 2016).
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Swiss Banks policies: - To supervise the banking related issues as well as the stock markets and
investment funds, there is a law institution, namely FINMA (Swiss financial market supervisory
Authority) in the month of May Switzerland comes into a contract with Europe that will in effect
end the special privacy of Swiss bank clients. According to this agreement, from 2018, both the
countries will share the information automatically on the financial accounts of each other
residents.
Q7: Compare and contrast two countries and see how their international policy has
changed the future of their country. (i.e. North Korea and any other country)
The North Korea and Tokyo have different international policies and both the policies changed
the future of their country.
North Korea
1. The North Korea city holds many
international events and in the recent
years the number has increased. The
number increased to 531 which are
considered to be the highest in terms of
holding conferences and events. The city
has many furnished conference halls,
exhibition halls covering a huge area,
reception halls etc.
Japan
1. Rise in information system have given high
hopes that the scale of cloud services in the
market will continue to increase.
2. Tokyo is working hard to invest and spread
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2. The city is the largest hub of air, ground
and rail transportation in the country for
both domestic and international purposes.
The public transportation of North Korea
is considered to be the cleanest and
efficient system in the entire country with
all the facilities and convenience (Fouse,
2004).
3. In the year 1990 North Korea stock
exchange has accounted for almost 60%
of the world market value in relation to
stock.
4. The huge number of corporations
involved in the businesses targeting
foreign markets is stretching towards
giving products and services after
analyzing the needs of the customers and
understanding their needs and behavior
and then providing them with the product
thereby leading to the full satisfaction of
its branches in the foreign markets as well
as making efforts to bring foreign
companies in its own vicinity to work with.
Tokyo doesn’t leave any area untouched
and is progressing in every field, be it
sciences, aviation, textiles etc.
3. Japan also accounted 70% a large amount
of the world market in relation to securities
and investments.
4. Globalized economy, which is highly and
smoothly going up and the declining
domestic demand and various other factors,
the number of businesses which are
entering in the foreign markets is
increasing (Weng, et al., 2015).
5. The process of selection of employees in
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the customers.
5. The people around the world along with
the resources gather in the city and make
best possible efforts to create wonders in
different fields including finances and
other activities.
6. Amongst the different industries of North
Korea there exists automobile industry,
transport equipment, electronic
apparatus, optical goods, furniture and a
huge variety of consumer goods. It also
includes printing as well as publishing.
the company is a fair and least
inconvenience is caused to them and many
recreational activities are arranged for the
employees of the companies to make them
feel better and provide better results. This
is one of the major unique selling
propositions of the companies working in
Tokyo.
6. Corporations involved in various business
activities focus on environment, medical
health care and welfare and information &
communications technology are
emphasizing on the needs of the market
and generating revenues thereby adding to
the economy of Tokyo.
The number of applications related to patents is led by the individuals of Tokyo and comes under
the highest levels worldwide and also includes numerous patent applications led outside of the
country of Japan. Patents are used as a part of the research by universities; corporations and
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another entity are specifically frequent in the fields of communications and information as well
as life sciences. Technology plays a vital role in the international business of both countries.
References
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http://people.tamu.edu/~aglass/econ452/Ceglowski_BordlessWorld.pdf
Fouse, D., 2004. Japan’s Post-Cold War North Korea Policy: Hedging toward Autonomy?,
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