McDonald's as the Part of the Modern Culture Assignment

McDonald's as the Part of the Modern Culture - Assignment Example The researcher states that globalization is a broader term, however; the word globalization has been discussed in this article from the perspective of open markets and free entry and exit in international markets. The term in this article, therefore, indicates the expansion of McDonald’s into international markets without facing any significant challenge. The growth and expansion of globalization have ensured that the American products reach to the world markets. This was after the cold war when America became the superpower of the world which allowed American organizations to get access to the international markets. Based on the overall quality of the American products, new products were successfully launched in the international markets with more success as compared to the domestic or other international companies. The products which are going through the same problem as McDonald’s include soft drinks as well as other food products. This may be due to the fact that th ese products lack the product variety and diversification. This decline may be due to a strong emphasis on individuality and change in the Western societies as existing products may fail to provide a new change to the customers. The overall strategic response to such situations may, therefore, include the product development wherein these organizations must focus on new product development and add more varieties to their existing product lines. The most difficult aspect of doing this kind of business is the fact that despite offering low-cost products, the lack of individualism or rather excess of standardization becomes a headache. Organizations often fail to recognize the limits of their existing policies and continue to operate such policies without considering the end result.

To What extent has the world trade Organisation achieved its Essay

To What extent has the world trade Organisation achieved its objectives What are its greatest failures and how might these be a - Essay Example This paper is presented in four main parts. The first part of this paper provides a brief overview of the WTO and its objectives. The second part of this paper considers the arguments suggesting that the WTO has met its objectives. The third part of the paper analyses the arguments that suggest the WTO has not met its objectives. The final part of this paper will consider the greatest failures and identify where the WTO can go from there. ... Body, the Preamble to the WTO must be constructed as to include an objective for sustainable development.3 The cumulative value of the objectives contained in the Preamble to GATT 1994 can be described as an overall objective for promoting shared advantages among the international community for economic and political cohesion.4 Those who argue that the WTO has achieved its objectives in terms of international cohesion argue that the WTO has represented an automatic trajectory toward international cooperation. Those who argue that the WTO has failed to achieve its objectives are generally sympathetic toward developing countries and argue that the WTO has only succeeded in highlighting the inequities between nations and strongly favours developed economies.5 This research paper considers both sides of the debate and will therefore be presented in four parts. The first part of this paper provides a brief overview of the WTO and its objectives. The second part of this paper considers the arguments suggesting that the WTO has met its objectives. The third part of the paper analyses the arguments that suggest the WTO has not met its objectives. The final part of this paper will consider the greatest failures and identify where the WTO can go from there. Background and Overview of the TWO and its Objectives The WTO has its origins in the immediate aftermath of the Second World War in which a period of global economic depression followed. Leaders from Britain and the US led the charge and held a conference at Bretton Woods in the US in 1944 as a means of drafting the charter for the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) also known as the World Bank. The following year, the US and Britain moved for the charter