Emerging Economies and Globalization

Name: Emerging Economies and Globalization
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Author: David Miller

Analysis of developing markets and their role in global economic systems

David Miller

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Running Head: EMERGING ECONOMIES AND GLOBALIZATION 1
Emerging Economies and Globalization
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Evaluate the trade theories of Comparative Advantage and National Competitive Advantage in
the context of General Electric Healthcare’s operations in India and China. Discuss how these
theories explain GE Healthcare's decision to expand into these emerging economies and the
potential risks and benefits of such strategies. Additionally, analyze GE Healthcare’s human
resource strategy and provide recommendations for preparing expatriates for assignments in
these countries. Your response should be between 1,000-1,500 words.

EMERGING ECONOMIES AND GLOBALIZATION 2
Emerging Economies and Globalization
Multinational corporations have been regularly seeing for the latest unsaturated markets
for tapping in the optimisms of enhancing their business along with capitalizing on the upcoming
industry trends. General Electric Healthcare (GEH) has been one of such Multinational
corporations that have been trying to capitalize on incessantly increasing healthcare industry. In
the year 1878, Thomas Edison has launched General Electric (GE) that has been the corporation,
which has set General Electric Healthcare in the year 2004.
General Electric had been the very first organization to invent household light bulb as
well as it has successfully ventured forwarded in electric industry by their innovations as well as
manufacturing of the household appliances, lighting fixtures, light sockets, for founding one of
countries biggest computer organizations. This organization has recently set General Electric
Healthcare in the year 2004 for tapping in the increasing healthcare industry along with in the
year 2005; General Electric Healthcare has innovated along with manufactured world’s 1st higher
definition magnetic resonance (HDMR) system (About US, General Electric website, 2014).
General Electric Healthcare has presently expanded their operations in India along with
China; its India operation has been making newer drugs for healthcare industry and its China
location has been busy in manufacturing the X-ray equipment for healthcare industry. This
research would discuss the General Electric Healthcare business operations along with
following:
Two trade theories, which describe why General Electric Healthcare has enhanced their
operations within India and China. The explanation of trade theories along with the evaluation of

EMERGING ECONOMIES AND GLOBALIZATION 3
General Electric Healthcare’s reasoning about using theories Potential pitfalls within the General
Electric Healthcare’s strategy. The evaluation of General Electric Healthcare’s human resource
strategy within China as well as India, Proposal for training along with preparing expatriates for
its assignment in India and China
Trade Theories
Two trade theories for the discussion have been the Comparative Advantage and also
National Competitive Advantage.
Comparative Advantage
Comparative Advantage had been launched in the year 1817, by David Ricardo within its
book ‘The Theory of Political Economy and Taxation’. As per Ricardo, Comparative Advantage
has been if “two countries along with two commodities, even when one country has been lesser
effective than another nation in producing both the commodities, there has still been the basis for
the mutually advantageous trade” (Gunawardan, 2007).
When any nations specializes in developing as well as manufacturing of the specific
product and afterwards exports that when having comparative advantage and also afterwards
imports goods because of comparative disadvantage (Gunawardan, 2007). Having the
comparative advantage has not been the similar thing like being best at anything; this has been
the capability of generating the best at the low cost.
Every nation has separate comparative advantages. For instance, China having the
comparative advantage in their labor intensive manufacturing industry. General Electric

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Economics

Emerging Economies and Globalization

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