GLOBALIZATION

GLOBALIZATION

1. What is globalization?

   • The shift toward a more integrated an interdependent world economy.

2. Of markets

   • Refers to the merging of historically distinct and separate national markets into one huge global marketplace

3. Of production

   • Refers to the sourcing of goods and services from location around the globe to take advantage of national differences in the cost and quality of factors of production.

4. The emergence of global institutions

   • As Market globalize and an increasing proportion of bussines activity transcends national borders, institutionns are needed to help manage, regulate, and police the global marketplace.

5. Drivers of globalization

   • Declining trade and investment barriers
   • The role of technological change
     • Microprocessors and Telecommunications
     • The internet
     • Transportation Technology
     • Implications for the globalization of production
     • Implication for the globalization of market.

6. Debate

   • Antiglobalization protest
   • Globalization, jobs an incomes
   • Globalization, labor polices and the enviroment
   • Globalization and national sovereignty
   • Globalization and the world's poor.