The Second Stage of Economic Sociology

The second stage (50-70s) is associated with the structural and functional direction of theoretical sociology (T. Parsons, R. Merton, N. Smelser, K. Davis, D. Moore, and others), which is trying to correlate the economy with other subsystems of social life. Unlike the first stage, when the economy was seen as a whole, it is now […]

The essence of international and global competition

The entry of companies into foreign markets is determined by four main reasons [15 p.212-213]: Attracting new customers. The development of foreign markets opens up opportunities for higher revenues, profits and long-term growth. This option is especially attractive in cases where the domestic market of the country is already saturated. Companies such as Cisco Systems, […]