A new world order for oil

Article Abstract:

Some experts believe that Western governments should develop an oil policy that abandons Middle East oil reserves, but in reality, two-thirds of the oil reserves in the world come from the Middle East. A more realistic policy would be to combine energy conservation, energy substitution, and the creation of alternative energy sources. Western Europe has increased oil prices to decrease demand, but the US has been reluctant to adopt such a policy. There is a better chance that oil companies, consumers, and the Organization of Petroleum Exporting Countries will reach a consensus because they have the common goals of avoiding a collapse of oil prices, reducing consumption, avoiding inflation, and avoiding economic stagnation.

International aspects, Energy policy, Organization of the Petroleum Exporting Countries, Petroleum, Petroleum reserves

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Western joint ventures in Japan

Article Abstract:

Research by Dominique Turpin, assistant business professor at the International Management Development Institute reveals that Western companies have experienced questionable success in their joint venture partnerships in Japan. Joint ventures have not always worked well for the Western partners because: Western partners have not been as committed to joint ventures as Japanese partners; there have differences in management priorities; and Japanese partners have been given charge of vital corporate functions. Wholly-owned subsidiaries are often a more attractive alternative to joint ventures in Japan because subsidiaries provide US companies with better control.

Research, Analysis, Foreign investments, Japan, Subsidiary corporations, Subsidiaries, Joint ventures, International Management Development Institute

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Getting British managers on the right track

Article Abstract:

Two studies have recently been issued that are strongly critical of UK management training. The reports indicate that UK management training compares poorly to similar programs in the US, Japan, and West Germany. Among the recommendations of the reports are: expanding the UK educational base to educate more people to a higher level, encouraging work experience programs in education, establishing 'management apprenticeships', and improving cooperation between schools and businesses. It is uncertain how enthusiastically British businesses will support these recommendations.

United Kingdom, Economic aspects, Management training, Industrial management, Great Britain

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