Browsing International Business by Author "Beaudry, David N."
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- ItemApplying system dynamics modeling of innovation’s effects on wages(Southern New Hamsphire University, 2007-10) Beaudry, David N.Using system dynamics modeling tools, this paper explains the effects of innovations on relative international wages based on two countries. The Heckscher-Ohlin model of international trade is the bases factor-proportions theory. The paper also incorporates related research by Stolper & Samuelson, Vernon, Krugman and Dollar. System Dynamics Modeling is being used to demonstrate of innovation’s effects on wages because this type of modeling permits a visual representation of the cause and effects of innovation on wages in an international trade environment. The paper demonstrates the effects of innovation and technology adoption on relatives wage differential between the countries. It demonstrates the importance of innovation as a tool to maintain wages in a capital-abundant country and the importance of technology adoption in a labor-abundant country.
- ItemThe effects of technology convergence on markets(Southern New Hampshire University, 2007-10) Beaudry, David N.Technology Convergence is more than a buzz word. Technology Convergence is the combining of two or more different technologies or services to create a new product offering that can disrupt established markets or create new markets when it successfully occurs. A classical example of technology convergence is the automobile, which was created by convergence of a horse carriage with the internal combustion/steam engine to create the horseless carriage and displaced more than the horseless carriage. The paper is a descriptive study that covers the technology convergence in many market segments including effect in current convergence in Digital Photography and Portable Music Players. The paper also describes examples Medicine, Sports and Commercial segments. It concludes with the observation that it is critically important for firms' future existence to focus some efforts on technology convergence.