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Political Economy Of International Business

Antras and Ripple (2014) explain that the recent decades of globalization have seen a marvellous increase and integration of trade throughout the world. However, the rising trade integration has brought a disintegration in the production process, still, activities or services provided abroad are compared and analysed for quality assurance with the manufacturing and services at the home of the international firm as companies find it more profitable and easy to produce domestically where the selling has to be done through outsourcing, which can take place domestically or outside the country. This has brought out a breakdown of the Fordist kind of production which is an integrated production process with a central monitoring authority, it can be seen very clearly in the automobile and the electronic gadget industry (Turcan & Saygilli, 2018).

Fordism is a system of mass production which was named after Henry Ford whic....