Comparative International Management Essay Example | Topics and Well Written Essays - 1500 words

Comparative International Management - Essay Exampleel is closer to the copy of collectivismdescribed by Hofstedewhich leads to find some features of Rhineland capitalism in other cultural contexts, whether Asiatic or North American. Rhine example of capitalism does not support American ideas of individualistic goals and ruthless somatic entities rather it places great emphasis on streng thuslying social cohesion. Rhineland model believes in a pure collaboration between governments, workers and employers. Anglo-Saxon Model The Anglo-Saxon neoliberalism was coined in 1930s which appeared in contrast to the then prevailing Fabian socialism. Anglo-Saxon represents a neo-liberal social and economic model of democratic intervention in the economy. In Anglo-Saxon model, the planning of the economic process is assigned to the utopian social engineering. In Anglo-Saxon model government intervention leads to increasing lying-in of individual freedom through authoritarian orders, prohibi tions and regulations (Nobes, 2003). The restriction of economic freedom is not separable from the restriction of political freedom. Comparative Analysis of the Two economical Models Albert (1991) is of the opining that major differentiation exists between two types of capitalism the Anglo-Saxon capitalism and the Rhineland capitalism.The Anglo-Saxon capitalism is presented by Albert (1999) as extremely liberal, based only on criteria of supply and demand.The shareholders are the law firms, and they only need one thing profitability.Whatever the means, the key is to maximize profits, even if only to see that in the miserable term.The Anglo-Saxon capitalism does not accommodate regulations that prevent companies have their way.That is why Margaret Thatcher and Ronald Reagan have both worked to deregulate the economy at all... The paper critically evaluated the argument of Albert that Anglo-Saxon model will ultimately travel by the superior Rhine model. The analysis of these argu ments is carried out in the context of economic theories and work of other prominent economists and researchers. It is conclude that Rhine model has been traditionally supported by thinkers because it stands on a moral high ground qualification it necessary for the society to look after the interest of the individual and to provide safety framework for weaker components of the society. Yet, Anglo-Saxon model is found to crush Rhine model due to individual drive and motivation for gaining personal benefits. Thus, the thesis of Albert is supported by contemporary economic research and it is found that Anglo-Saxon model is anticipated to outperform Rhine model. This paper makes a conclusion that the progress of individualism finds expression in the demographic decline of the Rhine countries. The consequences were opprobrious for the economy in every way and it destroys the basis of social solidarity and community. Under Rhine model of capitalism, governments are just about always afraid of being misunderstood and insecure in the face validity of the measures coming into question. along with the influence of individualization, there are losses caused by trade unions and collective bargaining. According to Albert, this economic model produces less productivity because it is characterized by traditional career plans in favor of clear success-oriented career opportunities avocation the American example of the young graduates.