The Global Context of HRM and HRD Essay Example | Topics and Well Written Essays - 5000 words - 1

The Global Context of HRM and HRD - Essay Example The author of the essay "The Global Context of HRM and HRD" thinks that prior to the advent and imposition of globalization, national economies exercised a number of protectionist strategies designed to ensure that their industries, especially infant ones, and goods had the space within which to grow and develop. These protectionist strategies effectively ensured that locally manufactured goods maintained a competitive edge in the domestic market. Globalization, however, eliminated protectionism as a strategy for the protection of domestic industries and formulated and implemented a set of policies which effectively removed all artificial barriers to free trade. In conclusion the author says that from a research standpoint, since countries vary in size, studying effects at the trade bloc level inherently controls for the differing effects a larger country may have on the region as opposed to a smaller one. While it is recognized that trading blocs are also not homogenous, studies utilizing the trading bloc segmentation criteria are justified because of the observation of imperfect globalization and because trading blocs present a clearly visible view of country groupings. One major source of research difficulty when it comes to trading blocs is that they are generally fluid organizations, created with the explicit purpose of promoting free trade. What begins as free trade within member nations of a trading bloc may well, in the future, be expanded to non-member nations or - in fact - other trading blocs.