Globalization

Globalization

1. What is? Integration of goods, services and cultures

2. Eras of Globalization

   • Globalization 3.0 Current Era Convergence of personal computer, internet connections, and software.
   • Globalization 2.0 1800-2000 Interrupted by 2WW, dynamic force driving change was multinational companies.
   • Globalization 1.0 1492-1800 Centered around countries, amount of horsepower, wind power and steam power.

3. Advantages Global Firms Allows any business become international. Ability to operate 24 hours a day

4. Network society started in 1996 (internet public access)

5. Challenges Global Firms Infrastructure differences, legal restrictions and cultural differences

6. Divides

   • Economic Divide resources, internet, and hardware
   • Usability Divide knowledge of how to mange computers and technology
   • Digital Divide separation between those who have access to global network and those who don't
   • Empowerment Divide how technology is used to empower ourselves

7. Development

   • Success: - China and India with 2.4 billion people - Engine of global economic growth
   • Discontent: Failures in development, contrast between Asia and Latin America, Africa decline in per capital income.
     • World not Flat: growing inequalities between countries
     • Problem 1: Finance Growing instability, Money flowing from poor to rich countries, Much done to protect investors interests
     • Problem 2: Trade International trade regime unfair for countries, Most of projected benefits accured to rich countries
     • Problem 3: Global Warming Major source of pollution in the North, major consequences in the South

8. Change is possible: is inevitable changing the world climate change, new technologies, new economy