This paper explores the challenges and principles adopted to deal with an initial negotiation between a manager/owner of a business and a third party supplier from overseas. This paper also illustrates how this crucial arrangement could be rendered with great professionalism and smartness. Lastly, it proposes principles and guides to a more productive venture in outsourcing abroad.
This paper attempts to explore the negative concerns on the statement that “establishing a global market is the pathway to world peace.” It tries to show that this statement is not necessarily true since there are many illustrations which prove the opposite. Hence, this paper will initially show the unifying global forces in the establishment of world peace. Then, it shall present the devastating effects of the global markets that actually threaten world peace and instigate nations to take a protectionist stance towards their national growth and development.