Integrated International Production Systems Essay Example

supports complex integration strategies for production purposes.

The incorporation of both horizontal and vertical production processes has brought about labor division and value chain economics, leading to a more competitive production system in developing nations. The integration of international production has been made possible through the application of complex corporate capabilities that explore both global and regional economic specialties. This has resulted in an interconnectivity of production systems within firms located in developing countries. The primary objective of these integrated production systems is to provide a standardized approach towards globalizing the world economy. As such, the development of integrated production systems in developing countries has provided a value-enhancing strategy that aligns with the pertinent scope of the global economy.

(Holton, 2005, p. 59) Developing countries have benefited from exchanging economies of scale in the global economy, leading to better economic feasibility. The integration of production systems has been key in achieving this, supplementing the impacts of international trade. This has been possible thanks to foreign direct investment, which has helped establish lasting relationships between developing nations and the global economy through the exchange of production factors across borders. This process has also facilitated the establishment of economically sustainable relationships between countries under global corporate entities. (Baylis, Smith, 2006, p.)

8) The integration of production systems has led to capital inflows, technology, and human capital skills into developing countries, which has helped stabilize the relationship between their exports and imports. Utilizing these capital inflows, developing countries have been able to increase their participation in international trade. Due to low standards in production and economic development, developing countries have not had optimal production systems that would allow them to

compete internationally. However, the use of an integrated international production system has provided a solution by supplying developing countries with the necessary factors of production from the global portfolio.

According to Dicken (1996, pp. 137), production systems have often been utilized as a means of promoting economic development in developing nations. This approach allows them to effectively utilize available resources and subsequently lead to economic growth. Integrated production systems, facilitated through foreign direct investment, offer a robust framework for expanding opportunities and capabilities within the global economy.

According to Wallace (1992, pp. 43), the establishment of economic linkages between developing nations and the rest of the world has offered a significant opportunity for economic growth. Baylis, J. and Smith, S. are credited with providing the reference.

(2006) An Introduction to International Relations: The Globalization of World Politics, published by Oxford University Press and containing 8 pages. Additionally, Clarendon Press published a report titled "Does Aid Work?" by R. Cassen in 1994, which spans 75 pages. P. Dicken also contributed to this topic.

The book "Global Shift: Industrial Change in a Turbulent World" was published in 1996 by Paul Chapman Publishing Ltd. It has a total of pp. pages.

137 Holton, R. J. (2005) created the book "Making Globalization" (published by Palgrave) which includes page 59. Additionally, I. Wallace (1992) authored "The Global Economic System" (published by Routledge), which includes an unspecified number of pages.

Walters, R. S. and Blake, D. H. 43

The Politics of Global Economic Relations by Prentice-Hall International, published in 1992 and with a page count of 66.