Essays on Government Business Relation Essay

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The paper 'Government Business Relation' is a wonderful example of a Business Essay. Different organizations around the world seek out to assist developing countries to grow their economies, but not all are out to help. Instead, some oppress these developing countries, while others spur growth all based on their vision and internal structures. as such, the goal of this essay is to discuss the position of these international organizations, while at the same time invoking democratic deficit concepts. The key issues under discussion in this essay entail donations and provision of aid to developing countries, concessions, and policies, as well as market harmonization and globalization.

All this is in an effort to draw attention to the merits and demerits that international organizations bring to these nations. This is due to the large difference in opinion and factual information portraying the disparity between the advantages and exploitation imposed on the developing countries. International organizations do plenty to assist developing nations to increase their gross domestic product while conserving their resources. As such, organizations such as the World Trade Organization tend to promote the growth of these countries through spurring domestic and international growth, while promoting trade ties (International Labour Office and World Trade Organization, 2007).

International organizations, in this case, boost the economies hanks to their abilities to network international conglomerates and harmonize the playing field for all countries to offer fair trade practices. This is to say the organizations serve as agents of globalization, where services and resources are spread to the wider population besides being localized to their parent countries. Similarly, they act as agents of harmonization in that the policies developed by different countries have to be similar and in agreement with international terms of trade (Das, 2001).

Developing nations, therefore, become attractive to international companies who bring in business to increase their input through the use of locally available resources. Trade agreements are also facilitated by international organizations such as OECD and WTO, as well as the International Monetary Fund, where they offer aid and promote international trade. With regard to this, these organizations determine the thriving of various economies through funding and negotiating for concession, as well as advantages for developing countries, but with the requirement for accountability and reduced corruption.

Besson (2011) states that there is a democratic deficit in the efforts that these organizations input to the developing countries’ economies. According to Higgot and Erman (2010), these concessions and merits that the international organizations bring with them to the developing countries to boost their economies are usually marred by policy issues. This points to a negative aspect that hinders the progress of the developing countries economically sicken the concession requires alignment of policies in accordance to the requirements of individual member countries of the international organizations, as is the case with the International Monetary Fund.

This implies that there is little that can be done the developing countries to boost their Gross Domestic Product unless they implement the policies to the letter or risk funding withdrawal. Further look into the case of the World Trade Organization indicates that the organizations, thanks to their democratic deficit force policies on developing countries for the benefit of all member countries with little benefit to the former. Elsig and Cottier (2012) mention that the democratic deficit presented in these organizations pressures the world countries into an economic playfield dominated by developed nations with little regulation to protect the developing economies from collapses.

This would as a result of unfair trade practices enforced by mature policies on young markets as is the common case with international conglomerates venturing in developing countries for the first time. Often, as a requirement, international organizations require that the developing countries streamline their policies to be in harmony with those of the home nations in order to attract investors.

Consequently, this comes up more like a dictatorship in policy influencing and lobbying at the expense of local businesses and companies (Elsig and Cottier, 2012).

References

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Besson, S. (2011). International Law, Sovereignty and Democracy: A Reply to Waldron. European Journal of International Law 22(2), 373-387.

Brautigam, D. and Knack, S. (2004). Foreign Aid, Institutions, and Governance in SubSaharan Africa. Economic Development and Cultural Change, vol. 52(2), 255- 286.

Brun, J. F., Chambas, G., & Guerineau, S. (2011). Aide et mobilisation fiscale dans les pays en développement.

Das, B. L. (2001). WTO: challenges for developing countries in the near future. Penang, Malaysia: TWN.

Davis, Christina. (2003). Food Fights Over Free Trade: How International Institutions Promote Agricultural Trade Liberalization. Princeton: Princeton University Press.

Cottier, T., & Elsig, M. (Eds.). (2011). Governing the World Trade Organization: Past, Present and Beyond Doha. Cambridge University Press.

Gupta, A. S. (2007). Determinants of tax revenue efforts in developing countries. International Monetary Fund.

Higgott, R., & Erman, E. (2010). Deliberative global governance and the question of legitimacy: what can we learn from the WTO?. Review of International Studies, 36(02), 449-470.

International Labour Office; World Trade Organization. (2007). Trade and employment.

Challenges for policy research. Geneva.

Janský, P., Prats, A., & Aid, C. (2013). Multinational corporations and the profit-shifting lure of tax havens. Occasional Paper, (9).

Morrissey, O., Islei, O., & M'Amanja, D. (2006). Aid loans versus aid grants: Are the effects different? (No. 06/07). CREDIT Research Paper.

Nkusu, M. (2004). Aid and the Dutch disease in low-income countries: Informed diagnoses

for prudent prognoses. Working Paper (04/49). Washington, DC:International Monetary Fund.

OECD (2008). Governance, Taxation and Accountability Issues and Practices. OECD, Paris.

Rajan, R. G. and Subramanian, A. (2005). Aid and Growth: What Does the CrossCountry Evidence Really Show? IMF Working Paper (05/127).

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