Strategic geography and strategic corporate challenges: a regiocentric perspective to the Middle East
Article Abstract:
Keywords: Globalization, Middle East, Regional development, Trade associations, Multinationals Time and space weave the eternal tapestry on which the fascinating designs of cultural and civilizational interactions unfold. It is not difficult to argue against Huntington's thesis of the (potential) clash of civilizations (1996). Indeed it is even less difficult to use his concept of `commonalities of civilization' to counter-argue. Globalization in every sense, springs from the latter concept of `commonalities'. However, globalization in corporate terms, does bring in the issue of multidimensional distances. Root (1971) points to the notion of `environmental discontinuity' as being integral to corporate change. Corporate internationalization could encounter potential erosion of `strategic fit', since the original fit achieved over the years in the domestic environment, would now need to become supra-nationalized in an environment of `discontinuous change'. The fundamental context of the paper is the issue of economic regionalization, in contradistinction to globalization. This is a substantive issue for several reasons. Firstly, unlike globalization, regionalization offers spatial continuity and gradual spread of associated factors. Secondly it has become a worldwide phenomenon (Serra et al, 1997). Almost all countries of the world are members of at least one regional economic entity. The contribution of their inter member (intra region) trade, investment and resource flows has been rising significantly. Thirdly, there exists some ambivalence towards it especially when viewed in the context of globalization. Fourthly, regionalization is seen as a pragmatic reality by many MNCs (Morrison et al, 1991; Bryan et al, 1998).
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 2000
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Shariah and the evolution of property rights: special reference to South Asia
Article Abstract:
Keywords: Property rights, Philosophy, Islam, Western Europe, South Asia John R. Commons in his Legal Foundations of Capitalism makes two key assertions about property. He asserts that property is something taken from the state and vested in individuals and that it is a protection of the weak against the strong (Commons, 1957:221; Kanel, 1975:827). Commons analyzes the evolution of property through various stages in the Anglo-American system. He discusses the evolution of property in terms of political and judicial processes and explains its emergence as a result of containing arbitrary physical violence and converting it into restrained physical power vested in the state (Rutherford, 1995: 448; Kanel, 1975:829).
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 2000
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Strategic geography and strategic corporate challenges: a regiocentric perspective to the Middle East
Article Abstract:
A study was conducted to analyze the global phenomenon of economic regionalization and its macro dimensions from a specific geographic perspective, which is the Middle East. The purpose of the study was to evaluate the prospects of foreign firms within regional economic unions. Results of the study indicate that regional integration in the Middle east would create significant, lucrative revenues for both local and multinational firms.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1999
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