GLOBALIZATION

GLOBALIZATION

1. Denationalization

2. Internationalization

3. Of Markets

   • Of Production
     • Access to: lower-cost workers, technical expertise and production inputs
   • Reducing marketing costs, Creates new market opportunities, levels uneven income streams

4. Facilities risk, information risk, repetitional risk

5. Forces driving

   • Falling barriers to trade and investment
   • Technological innovation

6. Measuring

   • Economic integration
   • Personal contact
   • Technological connectivity
   • Political engagement

7. Key players

   • Multinational corporations MNC
   • Entrepreneurs and small business
   • Born global firm

8. Impact to

   • Cultures
   • Jobs and Wages
   • Labor and Markets
   • Environment