International Business Essay Example | Topics and Well Written Essays - 2000 words - 3

International Business - Essay Example The three major economies of the world have enjoyed massive benefits just for the basic fact of their great economic prosperity. However, it has not gone unnoticed that there are other economies of the world which are rapidly positioning themselves as new economic superpowers. These countries are posing as a serious threat to the dominance of the three major economies known as the TRIAD. This paper will discuss how the TRIAD economies have evolved and dominated patterns of international business. It will also illuminate on the evolution of these TRIAD economies as well as how TRIAD economies have sustained their dominance in increasingly global markets. On the other hand, the paper will also look upon how emerging economies have evolved and are now challenging TRIAD dominance. The concentration will also be on the characterization of the current international business dynamics resulting from the rapid growth of global supply chains as well as looking into the factors which could impa ct future patterns of international business. The TRIAD economies The economies which compose of the TRIAD are the economies of USA, Japan and Germany (Srivastava et al 2012, p.321). These economies have been placed in this bracket for being the best performing economies in the world for a substantial period of time. The measurement of the performance of the world economies led to the isolation of these world economies into clusters of super powers and super performers such as the three countries in the TRIAD and others in the categories of average performers and low performing economies. The evolution of the TRIAD economies It would be imperative to note here that the three economies of the world, famously referred to as the TRIAD in the economic circles have evolved independently and in different phases. This is more so because of the adversity and diversity of the setup of the countries economical as well as political systems. USA was the first country to become a super power aft er the country displayed a massive economic growth and development. The USA started attaining economic dominance soon after the world war one after it decided not to take sides in the war and concentrate on building itself up as a nation. When other powers such as Germany were busy in war, USA was busy remodeling itself as a world superpower. By the time the country decided to get into the world war after world war two and take side on the allies, the nation boasted of a strong economic base backed by a strong growth domestic product (GDP) of the nation. Japan could have easily topped over the USA as a super power but its involvement in the war which prompted a counter attack by the USA curtailed this development (Waheeduzzaman 2011, p. 111). Germany underwent a massive economic recession in the year 1939 during the great depression forcing it to devalue its currency. This somehow retarded its economy. Later on however, with the assistance of the USA and other nations, Germany regai ned its economic strength and even went further to overtake most nations so that it could claim its place among the three greatest economies of the world (Akroush, 2012, p. 345). The same case goes for Japan. After the bombing of Hiroshima and Nagasaki, the economy of Japan was disoriented (Sardy et al 2010, p. 12). The USA assisted the nation in the process of rebuilding itself. With a robust, huge and hardworking population of this nation, the economy of the