Globization international business Essay Example | Topics and Well Written Essays - 1250 words

Globization international business - Essay Example In the end of 90s globalization in Argentina was considered to be a successful tendency. There was an essential growth of GDP in the country (8.1 percent in 1997). Three years of a deep recession followed this complicated period. Governmental policy of Argentina is rather vague and it is hard to entrust money of Argentina citizens to the national banks because of bank deposit freezes, â€Å"public social protests and the resignations of the finance minister and the president† (Measuring Globalization, 2003).  Therefore, it is relevant to consider the way Argentina managed to cope with the challenges connected with the process of globalization. On the example of the country’s management to deal with internal affairs and foreign policy development, the basic issues of globalization processes in Argentina are discussed further on. Different aspects of Argentina’s globalization Moreover, there is a gradual conflict in Argentina’s policy, because during the p eriod of financial crisis, weak currency has been an intimidating factor for the nation. On the international arena Argentina should have been positioned as the country experiencing a rapid economic recovery. Still, financial crisis caused a negative impact on the country’s economy. ... the internal affairs of the country and thus on the international level there are a lot of challenges caused by the inconsistent national and foreign policies of the country (Measuring Globalization, 2003). Moreover, it is relevant to consider foreign policy of Argentina from hyperglobalist and skeptic perspectives. The hyperglobalization paradigm is relevant to the foreign policy of Argentina, because in accordance with this policy the globalization makes a country almost powerless. With respect to Mishkin (2007) all states are influenced by globalization and the majority of them perform â€Å"a courtesan role† in serving the main interests of the global political economy of other state actors on the international arena. Therefore, hyperglobalist views of globalization processes in Argentina are the most relevant in terms of this country. Thus, for example, many Argentines claim that their own government is the one to blame for mishaps in the process of financial crisis in th e country. Citizens claim that â€Å"imprudent fiscal and macroeconomic policies and persistent corruption during Carlos Menem's second mandate were at the core of Argentina's recession† (Miskin, 2007).   Moreover, gaps in neo-liberal policies implementation have also influenced on political inconsistencies of Argentine. Moreover, IMF was criticized for inconsistencies in the process of neo-liberal policies implementation. Hostile moods of citizens in Argentina are directed on their negative attitude expressed in relation to IMF and the World Bank, naming them â€Å"the pro-globalization camp† and it is evident that Argentines are dissatisfied with the processes of globalization (Guille, 2001). Unfortunately, economy of Argentina is described in terms of Outliers. The Administration of the President