SRH - Economics & Institutional Frameworks

The Uppsala internationalisation model distinguishes between the establishment chain concerning the pattern of internationalisation (following so-called stages) and the psychic distance chain, incorporating knowledge of markets.

The World Trade Organization (WTO) can be described as an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalization.

When we search for definitions of diversity, we often find citations from Thomas and Ely who state “diversity should be understood as the varied perspectives and approaches to work that members of different identity groups bring.” Hays-Thomas defines diversity as “differences among people that are likely to affect their acceptance, work performance, satisfaction, or progress in an organisation.”