Question

Question #1: What can be done to reconcile the differences and flaws of our extant ideological and political systems?

Question #2: Should the “Doctrine of Comity” be codified in international law, or do we benefit from such a “When in Rome” type of philosophy?

Question #3: Support or refute the following: “It is senseless to study International Management in the Internet Age because shortly, it will all be one common system.”

Question #4: Our text tells us: “The precise impact that the advanced technological environment will have on international management over the next decade is difficult to forecast. One thing is certain, however; there is no turning back the technological clock. MNCs and nations alike must evaluate the impact of these changes carefully and realize that their economic performance is closely tied to keeping up with, or ahead of, rapidly advancing technology.” Now that you just learned that you might live forever and that humans will be unrecognizable in seven generations (probably sooner), how do you expect to “keep up with, or ahead of, rapidly advancing technology”?

Answer 1

Solution 1

To reconcile difference and falws in political systems, IMF and World Bank and United Nations can step in together to create international laws and convergence of Accounting standards to create robust and transparent financial system. There is strong need to create independent agency and body which closely monitors world political events and unforeseen mishaps which can be predicted earlier. Various Plurilateral agreements are needed for nationwide economic cooperation and national welfare where countries can come together to solve problems.

Solution 2

Doctrine of law should be codified as single International law and very nuch universal for all nations to abide by which can bring in stronger economic cooperation and stability, international peace, better sustainability and higher growth rate.

Solution 3

It is not at all senseless to study International management despite technological progress and convergence of nations via Internet. This is so because International Management opens up host of benefits and wide scale knowledge of International finance and cross Cultural Business Management with great insights about industry and country specific use cases.

Solution 4

To keep up with rapid innovation and advanced technologies, firms and education sector must collaborate to impart education and practical training for use and execution of such new age technologies in constructive way like usage of Massive Open Online Courses and Worldwide Training programs. Government must play an active roles in enhancing job creation and education schools to impart trainings and make available basic education facilities even in remotest of areas. With strong training facilities at low cost and Scholarships availability by Government the technology improvement help achieve phenomenal growth.