One of the major reasons behind the demand of the sustainable resources is the new-age competition, which has been forcing the current industries to buckle up even more than their capacity, leaving behind manual techniques; and adapting the ongoing technological revolution in the world. The need of effective resources is everyone’s core need, which fuels the need to be supreme among the national and international players in the market. The complex structure of heterogeneous industries differing in terms of classification makes it more complex to tickle one’s mind to survive in it with the best possible tools. Managing a diverse group of industries is not at all a doodle to be effectuated quickly on the spot.
There is a lot of brainstorming and efforts behind every successful output. Non-Aligned Movement could be considered as the accurate compass for a sustainable development between its member states, directing them with a firm ground of solutions to transcend beyond their borders.
The economical and political establishment between the developing countries has always been top-centric agendas for overall development of its member states. Just to manage the transition of capital investment and trade flow, NAM has always encouraged conveying and sharing nucleus ideas through the barrel of bilateralism and multilateralism, which has long been ligaturing the positive industrial nexus between members.
The advent of universal juggernaut ‘globalization’, marked a new structured and unstructured flow of resources, providing the global market for more diverse kind of selling and buying through the technological change. As a result, it has reduced the costs with the globalized market and has opened up the doors for the cheap access of the resources in the developing countries. With the numerous opportunities and scope, NAM has called for timely refurbishment of the policies and business in the global market.
It stresses on the judicious and wise use of global marketing between its members, amending latest ideas. In order to accelerate the inflow and outflow in the global market, NAM has directed its member states to share the available resources with each other by strong and peaceful communication in order to stand among the major power blocs of the world. Keeping the parameters of domestic and international market place at their respective platforms, the foreign distribution of the resources have a different canvas of messages orchestrated separately, which NAM keeps on framing for its members to build a strong backdrop of friendship, facilitating the flawless sharing of resources.
The emergence of globalization has fuelled up the use of technological resources making it the only source of success if not plucked along with it. Since its inception, it has been pacing up every single bit of mechanism in every industry bringing a new revolution of working standards. Today, the trade and financial flow between the nations has become more buoyant than ever before. NAM has some of its members who are rich in the oil industry, channelling around the world including developed blocs.
According to Forbes, all the NAM member states Iraq, Venezuela, Saudi Arabia, Turkmenistan, United Arab Emirate, Qatar and Kuwait have been listed as the top major players in the oil industry in the world. The other member states are flourishing in hospitality industry, tourism industry, food industry, automotive industry, entertainment industry and many more.
The blizzard of technology is responsible for the transformation of working style, which has washed away the conventional methods, rather bringing contemporary ones in the industries. This has taken the market to the next level with the emergence of the internet in the industries. Online campaigning is in the veins of every organization, reaching out to every corner of the world through a virtual platform, communicating the business policies with less ambiguity.
This technology has lessened the amount of efforts between the members and has increased the productivity and the outcome in minimal time. Just to juxtapose the technological requirement, NAM has been working with its member states to keep a track on ‘emerging technology’ just to maintain a flawless flow of business among members; providing them the best technological standards meeting the global market. Globalization has given a new facelift to the world by opening up the scope of more new markets around the world making it easy for international organizations to handle the reduced complexity. The need of substantial resources will keep on increasing and just like NAM is putting up, a new industrial revolution is yet to be stormed in the global market place introducing its peaceful standards of business.