Faultlines in international system
Since the global system is essentially anarchic and rife with conflicts, it is exceedingly unpredictable and keeps managers on edge. The international system has observable faultlines between nations that often arise. There is no denying the fact that these faultlines are quite natural.
One can identify major rifts or divides in the global system by being sensitive to various points of view. The vast disparities between wealthy and poor, developed and developing countries, and other similar issues that contribute to significant discrepancies between the system’s purpose and reality are underlined in this context. Less developed nations are often located in the southern hemisphere, and more developed nations are typically found in the northern hemisphere, which is where the distinctions between them begin.
This raises a host of challenges in the international sphere since industrialized and developing countries typically have divergent perspectives on international economic issues. People in wealthy countries, where the quality of living is better, are worried that jobs are being lost and will continue to be lost in international commerce to underdeveloped nations, where labor is considerably cheaper. American employees are concerned about competition from China, but German and French workers are worried about competition from Greece or Turkey.
The North considers it essential for the South to contribute to the expansion of international economic cooperation as it grows by opening their markets to North products. The North places a high importance on wealth production since every action in their system depends on the availability of wealth and is thus judged by profit.
The view from the south is different in this instance. Southern states emphasize how difficult it is to prosper in a world where established, wealthy nations dominate. Emerging economies demand preferential treatment in international commerce and access to Northern goods like agriculture even if Northern nations do not have equal access to their markets.
