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Describe the International Business Strategy For Global Political. 

Preventing other countries in doing trade with North Korea

The current global political scenario is much tense and challenging than it was a decade ago. Various issues are being emerging on a daily basis between different countries. One of the major issues or tussles is going on between the United States and North Korea regarding the development of nuclear weapons by North Korea. However, in the current era of globalization and interdependence of the countries between one another, the issues between the two countries are enlarged to being an issue between several countries. In the case of the United States and North Korea, various other countries such as Britain, Japan, South Korea, China and Russia are also got involved in this issue (Chanlett-Avery and Rinehart 2013). However though united States under the Presidency of Donald Trump have initiated various aggressive measures to counter North Korea but it is questionable about the effectiveness of the measures. This essay will discuss about the effectiveness of the measures being taken by United States in the current political scenario. In addition, various other related aspects, which can be generated from this issue, will also be discussed in this essay.

In order to counter the nuclear development program of North Korea, United States came up with the idea that they will cease the trade with those countries, which are having trading policies with North Korea. However, this idea of United States may not derive the desired outcome due to the reason that, countries such as China, Russia and Brazil are having trade agreements with North Korea. Thus, it will be difficult for United States to cease their trade with countries such as China. This is due to the reason that a major portion of imports in manufacturing and outsourced jobs is being sourced from China. Thus, in view to counter North Korea, this idea may prove a boomerang for United States. The international business involving the American firms will be negatively affected, which will in turn the economy of United States. This, this idea of prevention of trade with other countries cannot be termed as good idea.

There are various reasons, which will prove that the idea being initiated by United States will be ineffective and it will not work. As stated by Vaswani (2017), all the major countries including India, Pakistan, China, France and Germany are indulged in trade with North Korea. Thus, it will be difficult for the United States to cease the trading with these major economies. Moreover, according to the author, these countries are having more trading market with United States compared to the North Korea. Thus, ceasing the trade with these countries will hurt United States more compared to North Korea. Moreover, the Chinese factor will also be a key determining factor in proving that ceasing the trading with major economies will be disaster for United States. This is due to the reason that, China is the trading partner of North Korea with accounting of more than 90 percent trade. On the other hand, China is also the largest trading partner of United States also. Moreover, a million American jobs are being depended on the trading with China. Thus, ceasing the trade with China will have negative impact on the economy of United States.

Reasons for ineffectiveness of the discussed idea

The sanctions initiated by United States on preventing the trading and other relationship with North Korea along with other countries also following the same will have negative implications for North Korea as well as for other stakeholders also. This is due to the reason that, as earlier discussed, various major economies in the world are having their trade relationship with North Korea. Thus, ceasing the trading relationship with North Korea will have negative impact on the international business of these countries. This is due to the reason that, North Korea is having abundance of iron ore and zinc, which they export to other countries. Thus, countries ceasing trading relationship with them will be deprived from having these minerals. On the other hand, it will also have negative implications for the economy of North Korea. This is due to the reason that, a major portion of their domestic requirements is being met from the international business. Moreover, their 90 percent requirement is being met from China. Thus, sanctioning trading relationship will be disaster for them.

However, countries especially the United States should consider other effective means due to the reason that, sanctioning of trading relationship with North Korea may also attract disaster for them as well for the whole world. According to ABC News (2017), North Korea has already threatened that imposing stricter sanctions will force them to use their military might. Thus, according to the article, North Korea is already having various deadly weapons, which will cause mass destruction in case of detonating. Moreover, Using of military may lead to the starting of world war involving various countries.

Multinational companies belonging from different countries are having their operational facilities in different countries across the world. Thus, any types of political issues in the global scenario will have negative implications on their business potentiality. Moreover, the issue emerged between United States and North Korea will have more implications on their business potentiality due to the reason that, the issue has been escalated to the large scale along with involvement of various other countries. Various organizations are there who have their trading relationship with American partners along with North Korean partners. Thus, these organizations have to stop their trading with either of these countries. Thus, the business and market potentiality will also get reduced for them.

On the other hand, fear of having nuclear war between the two countries along with involving various other countries in the war has already adversely affected the world economy. The global stock market are showing negative trend in the recent years due to this reason (Ungarino 2017). As earlier discussed, initiation of nuclear war will lead to mass destruction and with the involvement of various countries, it will be a disaster for the whole world. In that case, the global market for the multinationals will be badly affected. Due to this issue, more countries are coming up with stringent regulations regarding the international business, which will create more obstacles for the multinational organizations in operating in the global scenario.

Outcome of banning trade with North Korea

Without being unnecessary escalating the situation with North Korea, various other measures can be initiated by the regulatory bodies of United States in handling the issues with North Korea effectively. One of the key measures will be to persuade the allies of North Korea such as China and Russia about the threat being possessed by North Korea. They should be well communicated about the fact that, the nuclear development of North Korea will also not only prove threat for United States but also for other countries also. This measure will be more fruitful due to the reason that, sanctioning of trade relationship from the close allies of North Korea will force them to adhere with the regulations of United Nations.

 In addition, in the case of innovating new weapons to counter North Korea, out of the box thinking should be initiated. This is due to the reason that, rather deploying traditional and nuclear weapons to counter North Korea, a more defensive measure will be more beneficial due to the fact that in case of war, both the country will lose their resources significantly but, the economy of United States will be more affected compared to North Korea (Washington Post 2017). Due to this reason, North Korea is showing more aggressiveness as they have nothing to lose. Thus, out of box thinking such as deploying of drones, which can shoot down the incoming missiles from North Korea will made them frustrated. This will make the aggressiveness of North Korea ineffective and blunt.

The key responsibility of the United States is to enhance their diplomatic channels in order to create a global consensus against North Korea rather than just bomb casting against them. It is the responsibility of the American diplomats to convince the major economies around the world about the potential threat of North Korea. They should portray North Korea as a global threat rather than just the threat to United States.

Conclusion

Thus, from the above discussion of the issues between the United States and North Korea, it can be concluded that the issue between these two countries is being rapidly escalating and transforming in to a global issue. Thus, there is an urgent need to counter and prevent the escalation of this issue. Moreover, in this essay, it is being discussed that, various other countries are getting involved in this issue, which is further enlarging the issue. The implications for the global scenario as well as for the multinational organizations from the escalation of this issue are also being discussed in this essay. Accordingly, ranges of recommended steps are being discussed in this essay, which can be initiated in effective resolution of the conflict. 

Reference

ABC News. (2017). How will the new UN sanctions impact on North Korea?. [online] Available at: https://www.abc.net.au/news/2017-09-12/how-will-new-un-sanctions-impact-north-korea/8895844 [Accessed 10 Oct. 2017].

Chanlett-Avery, E. and Rinehart, I.E., 2013. North Korea: US relations, nuclear diplomacy, and internal situation. Current Politics and Economics of Northern and Western Asia, 22(3), p.341.

Ungarino, R. (2017). Why the North Korea threat could still take down stocks. [online] CNBC. Available at: https://www.cnbc.com/2017/09/06/why-the-north-korea-threat-could-still-take-down-stocks.html [Accessed 10 Oct. 2017].

Vaswani, K. (2017). What if Trump cut ties with North Korea's trade partners?. [online] BBC News. Available at: https://www.bbc.com/news/business-41144687 [Accessed 10 Oct. 2017].

Washington Post. (2017). Opinion | Some creative ways to deal with North Korea. [online] Available at: https://www.washingtonpost.com/opinions/some-creative-ways-to-deal-with-north-korea/2017/09/21/239585dc-9f0c-11e7-9c8d-cf053ff30921_story.html?utm_term=.8df6b0a3e8b6 [Accessed 10 Oct. 2017].

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[Accessed 23 July 2024].

My Assignment Help. 'International Business Strategy For Global Political Essay - An Analysis.' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/man3090-international-business-strategy/political-scenario.html> accessed 23 July 2024.

My Assignment Help. International Business Strategy For Global Political Essay - An Analysis. [Internet]. My Assignment Help. 2021 [cited 23 July 2024]. Available from: https://myassignmenthelp.com/free-samples/man3090-international-business-strategy/political-scenario.html.

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