... in order to exploit comparative advantages in the hosting less developed countries. The cost-driven FDI strategy, analyzed my John Dunning, from technological advanced countries had compartmentalized production process in accordance with technology hierarchies and dynamic comparative advantage in hosting nations. Hence, a well integrated global production network, which was facilitated by mobile capitals from MNCs and ... rapidly. For example, in consumer electronic industries, each of the major stages of production has different production characteristics; the design stage of consumer ...

• Word Count: 1720
• Approx Pages: 7
• Grade Level: Graduate

... how diplomacy must change to make itself relevant to it. A fundamental function of diplomacy is to facilitate communication and negotiation between states and leaders, where the latter is the process when two or more parties talk to with each other, either directly or through an intermediatary. In peacetime, this serves to promote friendly relations between sending states and receiving states ... , helping to develop their economic, cultural and scientific relations. In war, diplomacy also has a vital role of ensuring successful negotiations of peace treaties and ceasefire agreements. Th...

• Word Count: 1423
• Approx Pages: 6
• Grade Level: Graduate