Professional Documents
Culture Documents
McGraw-Hill/Irwin
Grade Distribution
5% Attendance 5% Participation in Class 30% Mid-term exam (week 7) 20% Assignments 40% Final Exam Important Notes: 1. Excuses for absence in lectures and exams should be approved by the administration. 2. Correction of final exam will be out of 60 for approved excuses for not attending the mid term exam. 3. Excuses for not Submitting the assignments will not be accepted
1-2
Chapter 1
Globalization
Learning Objectives
1. 2. 3. 4. Understand what is meant by the term globalization. Be familiar with the main drivers of globalization. Appreciate the changing nature of the global economy. Understand the main arguments in the debate over the impact of globalization. 5. Appreciate how the process of globalization is creating opportunities and challenges for business mangers
1-4
What Is Globalization?
The world is moving away from self-contained national economies toward an interdependent, integrated global economic system Globalization refers to the shift toward a more integrated and interdependent world economy Globalization has two components: 1) the globalization of markets 2) the globalization of production
1-5
1-6
1-7
1-8
The merging of historically distinct and separate national markets into one huge global marketplace is known as a) global market facilitation b) cross-border trade c) supranational market integration d) the globalization of markets
1-9
1-10
Firms that are involved in international business tend to be a) large b) small c) medium-sized d) large, small, and medium-sized
1-11
1-12
1-13
1-14
1-15
1-16
1-17
Drivers Of Globalization
Two macro factors underlie the trend toward greater globalization: 1. The decline in barriers to the free flow of goods, services, and capital that has occurred since the end of World War II 2. The Role of Technological Change
1-18
1-19
1-20
1-21
1-22
1-23
1-24
1-27
1-28
1-29
1-31
1-32
1-33
1-34
1-35
1-36
1-37
1-38
Anti-Globalization Protests
More than 40,000 anti-globalization protesters took to the street at the WTO meeting in Seattle in 1999 Protesters now regularly show up at most major meetings of global institutions
1-39
1-40
1-41
1-42
1-43
1-44
1-45