assets of the parent company. 3. The majority of its Board of Directors members are citizens of the home country. 4.The parent company is responsible for taking decisions on new investment as well as the local objectives. 5. MNCs exercise a great degree of economic dominance and are predominantly large sized. 6. MNCs control production activity with large foreign direct investment in many developed and developing countries. 7. MNCs are oligopolistic in character and are sustained by modern technologies
and its home government. This is referred to as the dependency theory. The situation in Nigeria, According to Arghiri (1972: p. 26), is such that “underdeveloped countries are exploited through the process of unequal exchange. In the realm of international trade, the underdeveloped countries sell their commodities below value and at the same time buy commodities from the developed countries above the
retain quite good diplomatic relations with many countries around the world while its hard power resources in terms of military force, except for economic power have been fragile in the face of threats from China.
Multiple critical theories in International Relations prove themselves useful in gaining a better understanding of global events. The shifting dynamics caused by globalization and interdependency, amongst other developments, has created new sets of actors and mechanisms of exercising power that are not encompassed within the traditional, mainstream theories of International Relations. To account for these deficiencies in traditional IR theories, it is clear that the application of non-traditional
world or international issues. Theories like the world is made up of bad things and human has a bad instinct value, are categorized as Realism. While, theories that state the world is full of good things and humans keep
be taken into account as the most important aim of the first dimension of public diplomacy. In other words, they should emphasis on their perception of the effect of their actions and explanation of the effect of these actions in the country's international image. The second dimension of public diplomacy is about the strategic communications in which a set of common threads are extended which resemble the political and advertising
Realism has been a major player in international politics. Unlike liberalism, realism stresses the fact that nation states are concerned with their own security and their own interests. Liberalism was founded on the idea of equality. Relativists tend to neglect ethical decision making in regards to conflicts among other states. Thucydides, Machiavelli, and Hobbes are the true founders of the realism theory. The evolutions of realism began with Thucydides and his theories for the Peloponnesian War
Substantive rationality by contrast tells us what is the ‘correct’ outcome, given specified goals. For instance, the ‘only’ rational path forward for Russia in its desperate economic conditions of 1998 was to throw itself on the mercy of the International Monetary Fund-other strategies would have been possible but they would have been irrational. However, the usefulness of the Procedure VS Substance rationality in foreign policy conduct is limited as the link between procedural and substantive rationality
A nation foreign policy also known as foreign relation involves self-interest strategies, which are chosen by the country to safeguard its national interests as well as to attain goals within its international relations range. The approaches are employed to interact with other countries effectively (Morgenthau, 2011). A country’s foreign policy is a set of goals that outlines ho that particular country will interact on an official basis with other countries of the world and to a lesser extent, non-state
of the world. The word “Globalisation” only serves the US own interest to maintain their status in the world, and remain as an actor in leading the world economic and cultures (Emad, 2005). By using soft power, United States keep influence the international public opinion mention that follow and believe United States will brings the wealthy and development to the country. It also implies that which country fail to live up with global standards, they will get punishment. Their country will be label