International Journal of Advanced Multidisciplinary Research and Studies
Volume 3, Issue 6, 2023
Power Politics in Business and Finance: A Global Perspective
Author(s): Mercy Uzoma Ogbajie, Nweke Edunna Daniel, Anomi Ohine Ohis, Ukamba Phina Uchenna, Maishera Grace Ifraimu, Idogun Mobolaji Oreoluwa, Anosike Collins Chiedozie, Anosike Nancy Onyemachi, Ugwu Rita Ujunwa, James Oguwike Okpara, Ungwater Paul Wayo, China Mnena Anita, Ani Louisa Anurika, Ani Valentine Okwuchukwu, Adewale Olatunji marvellous, Oladoye Ebenezer Blessing
Abstract:
The intricate interplay between power politics and the realms of business and finance from a global standpoint cannot be overemphasized. In an increasingly interconnected world, understanding how power dynamics shape decision-making and influence economic systems is paramount. We took an in-depth delve into the multifaceted relationship between political forces and the corporate and financial sectors. The analysis begins by acknowledging that power politics are not confined to national borders; they permeate global markets, affecting international trade, investment, and economic stability. It explores how governments, multinational corporations, and financial institutions strategically leverage their influence to advance their interests, often resulting in a complex web of alliances and conflicts. Furthermore, we examine the impact of power politics on regulatory frameworks, corporate governance, and financial markets. We highlight the role of governmental policies and international organizations in shaping economic landscapes, and how businesses navigate these political landscapes to gain a competitive advantage. We also discuss the ethical dimensions of power politics, emphasizing the importance of transparency, accountability, and responsible corporate behavior. In an era of increasing scrutiny, businesses and financial institutions are under pressure to balance profit motives with social and environmental responsibilities. Ultimately, this review provides a comprehensive overview of the global power dynamics in business and finance, shedding light on how these dynamics influence economic outcomes, corporate behavior, and the well-being of societies worldwide. It underscores the necessity of a nuanced understanding of these interactions for policymakers, business leaders, and scholars alike.
Keywords: Power Politics, Finance, Business, International Trade, Global Sector
Pages: 213-218
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