of the impact of foreign workers on employee productivity in 4-star and 5-star hotels in a tourist place named Interlaken in Switzerland. Hotel work is diverse and challenging at all levels, from front-line and housekeeping staff to senior management and migrant workers are represented in all areas of work within the sector across most developing and developed countries. The research paper makes a contribution in the area of research, in focussing on specifically the foreign workers in the hotel industry
Foreign Direct Investment (FDI) is one of the most prominent market entry strategies employed by MNCs. It has been established that if the firm owns more than 10% of the value over a company then it has sufficient influence to be a direct investment. An FDI can manifest itself as a merger with a foreign firm, by acquiring an already existing firm in the foreign country or as a completely new set-up known as Greenfield investment. Each of these three options have distinct attributes and materialise
In a globalized world, workers can freely move from one country to another to seek jobs. For example, in 2015, UK faced a shortage of nurses and was able to hire nurses from Philippines, India and Pakistan (Drury, 2015). This would benefit both the businesses and the economy as gaps in the labor market will be filled as well as unemployed individuals in foreign countries will be given more opportunities to be employed. Individuals from developing
Disadvantages: 1.Loss of Culture:Conventionally, people of a particular country follow its culture and traditions from time immemorial. With large number of people moving into and out of a country, the culture takes a backseat. People may adapt to the culture of the resident country. They tend to follow the foreign culture more, forgetting their own roots. This can give rise to cultural conflicts. 2.Disparity:Though
produced goods and services. In particular German mechanical engineering products, vehicles, and chemicals are highly valued internationally. Around one euro in four is earned from exports and more than every fifth job depends directly or indirectly on foreign trade. (Peter Hintereder and Martin Orth – 2013). Germany is one of the most competitive economies because of the globalization! The global earnings of corporate Germany have soared over the past half-decade, generating investment, creating employment
huge success in opening up their domestic markets to international trade and foreign investments. Therefore, the policy of attracting foreign investment has become an integral part of the economic policy of many countries, with the help of which seek to achieve economic growth. A flow of foreign capital is a source of competitiveness for both foreign investors and for the economies receiving investments. The value of foreign direct investment (FDI) to the economy in all countries of the world, especially
I. Introduction What would this island be without foreign trading? Some people might consider it as a place that been separated from the rest of the world, while others might think it is just a strategy created by the government in order to gain profits. However, international trading had been so popular centuries ago since the age of discovery. People trade with regions worldwide to sell things they have the most comparative advantage and exchange products they don’t actually produce. According
Introduction The reality of globalization is that it is "like being overwhelmed by a snow avalanche. You can’t stop it – you can only swim in the snow and hope to stay on top" (Collins). There is no doubt that the marketplace is continuing to shift towards an environment where globalization is ubiquitous; and it is happening at a fast pace. While some might say that globalization is bad for the American economy, others have a different perspective. For businesses and societies alike, globalization
Considering foreign investments, one can state that most low-income and middle-income countries failed to gather the capital they were hoping for. Measures to attract foreign capital were perceived to be unsuccessful (Gunter & Van der Hoeven, 2004). Other recent developments in international trade and finance go together with the internationalization
Challenge of modernization and globalization in the UAE society Introduction The UAE is renowned for its rich cultural heritage heavily manipulated by Arab and Islamic traditions. UNESCO has particularly acknowledged the Emirate of Sharjah as a fascinating emirate that has single handedly taken measures in protecting the rich cultural heritage of the Arabs. A classic example is anchoring the Dubai Shopping Festival in cultural values that are local and traditional. It should be noted that the primary