Globalization has many economic benefits but is facing a rise in protectionist sentiment. While comparative advantage and knowledge spillovers benefit economies, rising import competition from countries like China has negatively impacted some local labor markets. This contributed to support for more protectionist political candidates. However, experiences like team sports during childhood that foster social skills can make people more open-minded to trade. Overall, protectionism risks starting a vicious cycle of reduced trade, economic stagnation, and further protectionism.
This document discusses globalism and the views of different countries and leaders on the topic. It begins with defining globalism as promoting interdependence and cooperation among countries. It then discusses the US and President Trump's stance against China's trade practices. Several countries want fair trade and equal market access. The document also discusses Justin Trudeau being more focused on UN interests over Canadian interests, and that Canada's immigration system is facing stress. It concludes with suggestions like the UN focusing on its core mandate, the WTO enforcing fair trade, and governments listening to their citizens.
This document provides a summary of geopolitical events and risks that could impact business in 2018-2019. It discusses key issues like US protectionism, Brexit, elections in various countries, and conflicts in the Middle East. Specific risks highlighted include US-China trade wars, instability in Italy and conflict escalation on the Korean peninsula. The document also examines how events in Iran, Qatar, Yemen, Syria and Saudi Arabia could spill over geopolitically. It emphasizes the need for supply chain integration and the role of governments and businesses in navigating these risks.
The world can change on a dime depending on the party in power for each country along with government corruption. Not enough is being done by the UN as part of ensuring security and prosperity for its' member nations.
Understanding Cause and Effect of Geo Political Events - January 2019paul young cpa, cga
This document provides an overview and analysis of key geopolitical events and issues shaping the world in 2019. It discusses events including tensions with North Korea and Iran, the civil wars in Syria and Yemen, unrest in Latin America, and the role of major powers like the US, EU, China, and Saudi Arabia. It also analyzes issues like corruption at the UN and risks to global supply chains from political instability. The document aims to help readers understand international risks and their implications for business interests around the world.
Globalization has many economic benefits but is facing a rise in protectionist sentiment. While comparative advantage and knowledge spillovers benefit economies, rising import competition from countries like China has negatively impacted some local labor markets. This contributed to support for more protectionist political candidates. However, experiences like team sports during childhood that foster social skills can make people more open-minded to trade. Overall, protectionism risks starting a vicious cycle of reduced trade, economic stagnation, and further protectionism.
This document discusses globalism and the views of different countries and leaders on the topic. It begins with defining globalism as promoting interdependence and cooperation among countries. It then discusses the US and President Trump's stance against China's trade practices. Several countries want fair trade and equal market access. The document also discusses Justin Trudeau being more focused on UN interests over Canadian interests, and that Canada's immigration system is facing stress. It concludes with suggestions like the UN focusing on its core mandate, the WTO enforcing fair trade, and governments listening to their citizens.
This document provides a summary of geopolitical events and risks that could impact business in 2018-2019. It discusses key issues like US protectionism, Brexit, elections in various countries, and conflicts in the Middle East. Specific risks highlighted include US-China trade wars, instability in Italy and conflict escalation on the Korean peninsula. The document also examines how events in Iran, Qatar, Yemen, Syria and Saudi Arabia could spill over geopolitically. It emphasizes the need for supply chain integration and the role of governments and businesses in navigating these risks.
The world can change on a dime depending on the party in power for each country along with government corruption. Not enough is being done by the UN as part of ensuring security and prosperity for its' member nations.
Understanding Cause and Effect of Geo Political Events - January 2019paul young cpa, cga
This document provides an overview and analysis of key geopolitical events and issues shaping the world in 2019. It discusses events including tensions with North Korea and Iran, the civil wars in Syria and Yemen, unrest in Latin America, and the role of major powers like the US, EU, China, and Saudi Arabia. It also analyzes issues like corruption at the UN and risks to global supply chains from political instability. The document aims to help readers understand international risks and their implications for business interests around the world.
Understanding Risks as part of development risk management best practices paul young cpa, cga
All levels of government and private sector continue to review their risk models as part of ensuring they take all steps to help mitigate risk-related issues
China is emerging as a strong contender to become the world's next superpower, though it still faces challenges. Three arguments suggest China is becoming a superpower: it has embraced globalization through exports, investments, and infrastructure projects; its large population and growing middle class make its market highly attractive to Western companies; and its technological innovation in areas like drones, mobile payments, and social media have surpassed expectations. However, three arguments indicate China is not yet a superpower: government intervention stifles economic potential; it lacks the global trust and support necessary; and domestic problems like an aging population, income inequality, and strain on resources could hamper its rise.
The world is heading into a period of the most instability since the cold war in the 1980s. Countries like Iran, China and India are growing in terms of size and power.
This document provides an overview of globalization and its impacts. It discusses how globalization encompasses many factors including politics, economics, culture and technology that combine to create interdependence between countries. It also examines some of the debates around globalization, including arguments that it increases standards of living but also widens inequality and can negatively impact local cultures and environments. Specific topics covered include the Asian economic miracle, impacts of organizations like the WTO and IMF, and issues related to trade, intellectual property and the environment.
Globalization has led to increased economic integration and interdependence between countries through modern technologies, improved transportation, free trade agreements and growth of multinational corporations. This has effects on employment, food supply, communication, and business. Specifically, it has created more jobs in developing countries but decreased manufacturing employment in developed countries. It has increased food supply choices beyond local seasons and resources. Communication of ideas and cultures has expanded through platforms like Facebook. Business has benefited through easier international expansion, though local companies may struggle against multinational competitors. Overall, globalization both creates opportunities and challenges that are debated regarding its impacts.
Globalization refers to the increasing economic integration and interdependence of nations through trade. As globalization has increased, countries specialize in producing goods they have a comparative advantage in and trade for other goods. Examples include the US importing fruit from Chile and companies like Nike manufacturing shoes in other countries to reduce costs. While globalization allows for lower prices and economic growth, it has also led to issues like outsourcing jobs abroad and unequal conditions for workers in some factories and industries. Views on globalization range from those who see its benefits as inevitable to those concerned it has negative social impacts if not properly managed.
The document discusses several effects of globalization, including increased economic interdependence between nations through free trade and financial integration. It also notes the spread of mass media and communication technologies that connect people and businesses globally. Both advantages and disadvantages of globalization are outlined, such as greater access to goods and markets but also threats to cultural expression and national sovereignty. Key aspects of globalization discussed include industrial, financial, economic, political, informational, cultural, and ecological integration on a worldwide scale.
This document discusses globalization and its impact on India. It defines globalization as the intensification of social relations between distant localities such that events in one place can influence those elsewhere. Forces driving globalization include consumer demand, reduced trade barriers, and advances in technology and competition. Globalization occurs through international trade, foreign direct investment, and financial capital flows. While globalization posed some initial obstacles for India, economic reforms embraced openness and helped sectors like agriculture, industry, finance, and exports. Overall, globalization has generated benefits through increased markets, investments, technology, and cultural exchange, though it also brought challenges adapting to more competitive markets.
Globalization is driven by several interconnected factors including economic, technological, cultural, political, and military aspects. Economically, barriers to trade are lowering and markets are integrating globally due to trade agreements and growing multinational corporations. Technological advances in telecommunications, transportation, and computing infrastructure enable the rapid flow of money, goods, services, and information worldwide. Culturally, American and Western influences are spreading through global media and businesses. Politically, international organizations like the UN and WTO aim to facilitate cooperation among nations. Military alliances demonstrate global power dynamics and the global reach of armed forces.
Globalization refers to the increasing integration of economies around the world through trade and financial flows. It involves two core aspects: the globalization of markets, with separate national markets merging into one large global market, and the globalization of production, through companies sourcing goods and services internationally. As markets globalized, international institutions emerged to help regulate trade and promote agreements between nations. While globalization has connected economies, critics argue it has also negatively impacted jobs, wages, and national sovereignty in some countries.
The Contributions of Intangible Property to the U.S. Economy - Matthew Slaug...tuckalumni
The document discusses the contributions of intangible property (IP) to the US economy. It makes three main points: (1) IP has long driven US growth but the future is fragile as educational attainment and innovation efforts are increasing abroad; (2) Globally engaged US companies create most US IP and rely on worldwide operations to maximize its benefits; (3) Raising US taxes on globally engaged companies' IP income would reduce US IP activity as foreign affiliate production complements domestic investment.
Globalization is the increasing integration and interaction between people, companies, and governments of different nations, driven by international trade and investment and aided by information technology. It involves the movement of goods, services, capital, people, technology, and ideas across national borders. Key drivers of globalization include developments in transportation and communication technologies as well as the growth of transnational corporations that operate in multiple countries. While globalization has increased economic growth and cultural awareness, it has also widened income inequality and threatened some local cultures and environments.
The China Challenge: Senate Commerce Committee, Keith KrachKeith Krach
Keith Krach
U.S. Under Secretary of State for
Economic Growth, Energy, and the Environment
Before the
Senate Committee on Commerce, Science, & Transportation
Subcommittee on Security
My charge at the State Department is to develop and operationalize a framework for a global economic security strategy that combats the PRC’s economic aggression, drives economic growth, maximizes national security, and advances peace and prosperity. It’s been my honor to work with many in Congress to shape this strategy.
During my confirmation hearing, I stated that “I fully appreciate the enormity and gravity of this role, especially in a time where the reality we face as a nation is one of ever-increasing cyber warfare and seemingly ceaseless variations of intense, perhaps even weaponized, economic competition.”
I also said, “It is comforting to know that both sides of the aisle understand that China is playing the long game, and they are playing for keeps—a four-dimensional game of economic, military, diplomatic, and cultural chess with little respect for human rights, intellectual property, rule of law, transparency, the environment, or the sovereignty of other nations.”
During the hearing, when asked how I would accomplish my objectives, I said “my focus would be on embracing this opportunity and harnessing three powerful areas of competitive advantage: strengthening our partnerships with friends and allies, leveraging the innovation and resources of the private sector, and amplifying the moral high ground of our American values and enduring optimism to advance peace and prosperity for our country and for the world.”
Congress passed the bipartisan Championing American Business Through Diplomacy Act, which bolsters U.S. business competitiveness abroad. It does so by empowering the Department of State to now work alongside the Department of Commerce to coordinate interagency efforts to leverage our diplomatic missions to promote U.S. economic and business around the world. Our strategy for advancing global economic security and combating China’s economic aggression has yielded results. To give you a sampling of the breadth and the depth of our efforts, I am highlighting our work in the following six areas: 5G, semiconductors, supply chains, institutions of higher learning, the One Belt One Road, and the environment.This requires acknowledging the true aspirations of despotic regimes. It requires a bold vision for how we can win the international economic competition, protect American assets, catalyze a new era of prosperity and innovation, create enduring advantages for the American people, and spread the success of free enterprise around the world.
Foreign aid - Accountability and Transparency - July 2018paul young cpa, cga
Paul Young provides a summary of issues related to foreign aid transparency and accountability. He outlines his background and credentials. The document discusses definitions of foreign aid and examines Canada's foreign aid budget and contributions. It also looks at corruption issues and how some countries like North Korea, Iran, and organizations like Hamas have benefited from foreign aid. The bottom line is that more oversight is needed to ensure foreign aid is actually helping those in need rather than being lost to corruption.
Geo-Political Events and Business Impact - September 2018paul young cpa, cga
Business relies on government as part of setting policies that allow business to invest either domestically or internationally
Countries require FDI as part of supporting their economy as such geopolitics can drive risks to both government as well as business
United Nations needs to return to its’ mandate of world peace including accountability and transparency when it comes to aid
Too many countries still have autocratic rules, especially in Asia, Africa and the Middle East
Liberals around the world are to busy coddling extremism as way to deflect it from happening in their country. The problem is radical extremism will never be defeated through hugs and kisses. The root cause of extremism comes back to radical beliefs of what their religion is telling them in terms of their own Caliphate.
Global protectionism is on the rise as USA is looking for fair trade deals
- The document provides a biography of Paul Young, a CPA and expert on geopolitics and its impact on business.
- It then outlines Young's agenda for discussing various geopolitical issues happening around the world and how they impact business, including events related to the UN, supply chain management, government roles, and specific countries.
- Key geopolitical risks to businesses in 2018 are identified as escalation on the Korean peninsula, cyber attacks, US protectionism, and assertive leadership in various countries.
Digital Dollar Strategy Powerpoint- Krach Touw (Public Version)Keith Krach
This document discusses China's dominance in digital payment networks and the potential national security threats posed by Chinese companies like Alipay and TenPay controlling global payments. It notes that China's mobile payment transaction volume was over $41 trillion in 2018, dwarfing American companies, and that Chinese payment networks are expanding globally through countries participating in China's Belt and Road Initiative. The document recommends that the US act to counter China's rise in payments by considering placing Alipay and TenPay on the Entity List or running a campaign to encourage foreign governments to slow adoption of Chinese payment networks, as was done with 5G networks.
Globalization has increased dramatically in recent decades due to reductions in trade barriers and advances in technology and transportation. The World Trade Organization aims to help producers conduct cross-border business through agreements reducing trade barriers. While globalization offers economic benefits through increased productivity and innovation, it also poses challenges as many workers face job losses or pay cuts due to overseas competition and outsourcing. International standards like IFRS and agreements like NAFTA, CAFTA, and the WTO play important roles in facilitating global business and trade.
LESSON-1-IBAT-globalization and 5 emergenceAngelMeneses15
The document discusses the concept of globalization and its key drivers. It defines globalization as the merging of historically separate national markets into a single global marketplace, as well as the globalization of production through outsourcing. The main drivers of globalization have been declining trade barriers, technological advances in communication and transportation, and changing global demographics as emerging markets grow. The document also outlines some of the debates around the impacts of globalization on jobs, income inequality, and national sovereignty.
1. The document discusses the drivers, dimensions, and consequences of market globalization according to a textbook on international business.
2. The major drivers of market globalization include the worldwide reduction of trade barriers, adoption of free markets, technological advances, and integration of financial markets.
3. The dimensions of market globalization include the rising interdependence of national economies, growth of regional trade blocs, and globalization of production and services.
4. Consequences at the firm level include greater opportunities for internationalization. Societal consequences include the potential spread of financial crises, loss of national sovereignty, effects on the environment and culture.
Understanding Risks as part of development risk management best practices paul young cpa, cga
All levels of government and private sector continue to review their risk models as part of ensuring they take all steps to help mitigate risk-related issues
China is emerging as a strong contender to become the world's next superpower, though it still faces challenges. Three arguments suggest China is becoming a superpower: it has embraced globalization through exports, investments, and infrastructure projects; its large population and growing middle class make its market highly attractive to Western companies; and its technological innovation in areas like drones, mobile payments, and social media have surpassed expectations. However, three arguments indicate China is not yet a superpower: government intervention stifles economic potential; it lacks the global trust and support necessary; and domestic problems like an aging population, income inequality, and strain on resources could hamper its rise.
The world is heading into a period of the most instability since the cold war in the 1980s. Countries like Iran, China and India are growing in terms of size and power.
This document provides an overview of globalization and its impacts. It discusses how globalization encompasses many factors including politics, economics, culture and technology that combine to create interdependence between countries. It also examines some of the debates around globalization, including arguments that it increases standards of living but also widens inequality and can negatively impact local cultures and environments. Specific topics covered include the Asian economic miracle, impacts of organizations like the WTO and IMF, and issues related to trade, intellectual property and the environment.
Globalization has led to increased economic integration and interdependence between countries through modern technologies, improved transportation, free trade agreements and growth of multinational corporations. This has effects on employment, food supply, communication, and business. Specifically, it has created more jobs in developing countries but decreased manufacturing employment in developed countries. It has increased food supply choices beyond local seasons and resources. Communication of ideas and cultures has expanded through platforms like Facebook. Business has benefited through easier international expansion, though local companies may struggle against multinational competitors. Overall, globalization both creates opportunities and challenges that are debated regarding its impacts.
Globalization refers to the increasing economic integration and interdependence of nations through trade. As globalization has increased, countries specialize in producing goods they have a comparative advantage in and trade for other goods. Examples include the US importing fruit from Chile and companies like Nike manufacturing shoes in other countries to reduce costs. While globalization allows for lower prices and economic growth, it has also led to issues like outsourcing jobs abroad and unequal conditions for workers in some factories and industries. Views on globalization range from those who see its benefits as inevitable to those concerned it has negative social impacts if not properly managed.
The document discusses several effects of globalization, including increased economic interdependence between nations through free trade and financial integration. It also notes the spread of mass media and communication technologies that connect people and businesses globally. Both advantages and disadvantages of globalization are outlined, such as greater access to goods and markets but also threats to cultural expression and national sovereignty. Key aspects of globalization discussed include industrial, financial, economic, political, informational, cultural, and ecological integration on a worldwide scale.
This document discusses globalization and its impact on India. It defines globalization as the intensification of social relations between distant localities such that events in one place can influence those elsewhere. Forces driving globalization include consumer demand, reduced trade barriers, and advances in technology and competition. Globalization occurs through international trade, foreign direct investment, and financial capital flows. While globalization posed some initial obstacles for India, economic reforms embraced openness and helped sectors like agriculture, industry, finance, and exports. Overall, globalization has generated benefits through increased markets, investments, technology, and cultural exchange, though it also brought challenges adapting to more competitive markets.
Globalization is driven by several interconnected factors including economic, technological, cultural, political, and military aspects. Economically, barriers to trade are lowering and markets are integrating globally due to trade agreements and growing multinational corporations. Technological advances in telecommunications, transportation, and computing infrastructure enable the rapid flow of money, goods, services, and information worldwide. Culturally, American and Western influences are spreading through global media and businesses. Politically, international organizations like the UN and WTO aim to facilitate cooperation among nations. Military alliances demonstrate global power dynamics and the global reach of armed forces.
Globalization refers to the increasing integration of economies around the world through trade and financial flows. It involves two core aspects: the globalization of markets, with separate national markets merging into one large global market, and the globalization of production, through companies sourcing goods and services internationally. As markets globalized, international institutions emerged to help regulate trade and promote agreements between nations. While globalization has connected economies, critics argue it has also negatively impacted jobs, wages, and national sovereignty in some countries.
The Contributions of Intangible Property to the U.S. Economy - Matthew Slaug...tuckalumni
The document discusses the contributions of intangible property (IP) to the US economy. It makes three main points: (1) IP has long driven US growth but the future is fragile as educational attainment and innovation efforts are increasing abroad; (2) Globally engaged US companies create most US IP and rely on worldwide operations to maximize its benefits; (3) Raising US taxes on globally engaged companies' IP income would reduce US IP activity as foreign affiliate production complements domestic investment.
Globalization is the increasing integration and interaction between people, companies, and governments of different nations, driven by international trade and investment and aided by information technology. It involves the movement of goods, services, capital, people, technology, and ideas across national borders. Key drivers of globalization include developments in transportation and communication technologies as well as the growth of transnational corporations that operate in multiple countries. While globalization has increased economic growth and cultural awareness, it has also widened income inequality and threatened some local cultures and environments.
The China Challenge: Senate Commerce Committee, Keith KrachKeith Krach
Keith Krach
U.S. Under Secretary of State for
Economic Growth, Energy, and the Environment
Before the
Senate Committee on Commerce, Science, & Transportation
Subcommittee on Security
My charge at the State Department is to develop and operationalize a framework for a global economic security strategy that combats the PRC’s economic aggression, drives economic growth, maximizes national security, and advances peace and prosperity. It’s been my honor to work with many in Congress to shape this strategy.
During my confirmation hearing, I stated that “I fully appreciate the enormity and gravity of this role, especially in a time where the reality we face as a nation is one of ever-increasing cyber warfare and seemingly ceaseless variations of intense, perhaps even weaponized, economic competition.”
I also said, “It is comforting to know that both sides of the aisle understand that China is playing the long game, and they are playing for keeps—a four-dimensional game of economic, military, diplomatic, and cultural chess with little respect for human rights, intellectual property, rule of law, transparency, the environment, or the sovereignty of other nations.”
During the hearing, when asked how I would accomplish my objectives, I said “my focus would be on embracing this opportunity and harnessing three powerful areas of competitive advantage: strengthening our partnerships with friends and allies, leveraging the innovation and resources of the private sector, and amplifying the moral high ground of our American values and enduring optimism to advance peace and prosperity for our country and for the world.”
Congress passed the bipartisan Championing American Business Through Diplomacy Act, which bolsters U.S. business competitiveness abroad. It does so by empowering the Department of State to now work alongside the Department of Commerce to coordinate interagency efforts to leverage our diplomatic missions to promote U.S. economic and business around the world. Our strategy for advancing global economic security and combating China’s economic aggression has yielded results. To give you a sampling of the breadth and the depth of our efforts, I am highlighting our work in the following six areas: 5G, semiconductors, supply chains, institutions of higher learning, the One Belt One Road, and the environment.This requires acknowledging the true aspirations of despotic regimes. It requires a bold vision for how we can win the international economic competition, protect American assets, catalyze a new era of prosperity and innovation, create enduring advantages for the American people, and spread the success of free enterprise around the world.
Foreign aid - Accountability and Transparency - July 2018paul young cpa, cga
Paul Young provides a summary of issues related to foreign aid transparency and accountability. He outlines his background and credentials. The document discusses definitions of foreign aid and examines Canada's foreign aid budget and contributions. It also looks at corruption issues and how some countries like North Korea, Iran, and organizations like Hamas have benefited from foreign aid. The bottom line is that more oversight is needed to ensure foreign aid is actually helping those in need rather than being lost to corruption.
Geo-Political Events and Business Impact - September 2018paul young cpa, cga
Business relies on government as part of setting policies that allow business to invest either domestically or internationally
Countries require FDI as part of supporting their economy as such geopolitics can drive risks to both government as well as business
United Nations needs to return to its’ mandate of world peace including accountability and transparency when it comes to aid
Too many countries still have autocratic rules, especially in Asia, Africa and the Middle East
Liberals around the world are to busy coddling extremism as way to deflect it from happening in their country. The problem is radical extremism will never be defeated through hugs and kisses. The root cause of extremism comes back to radical beliefs of what their religion is telling them in terms of their own Caliphate.
Global protectionism is on the rise as USA is looking for fair trade deals
- The document provides a biography of Paul Young, a CPA and expert on geopolitics and its impact on business.
- It then outlines Young's agenda for discussing various geopolitical issues happening around the world and how they impact business, including events related to the UN, supply chain management, government roles, and specific countries.
- Key geopolitical risks to businesses in 2018 are identified as escalation on the Korean peninsula, cyber attacks, US protectionism, and assertive leadership in various countries.
Digital Dollar Strategy Powerpoint- Krach Touw (Public Version)Keith Krach
This document discusses China's dominance in digital payment networks and the potential national security threats posed by Chinese companies like Alipay and TenPay controlling global payments. It notes that China's mobile payment transaction volume was over $41 trillion in 2018, dwarfing American companies, and that Chinese payment networks are expanding globally through countries participating in China's Belt and Road Initiative. The document recommends that the US act to counter China's rise in payments by considering placing Alipay and TenPay on the Entity List or running a campaign to encourage foreign governments to slow adoption of Chinese payment networks, as was done with 5G networks.
Globalization has increased dramatically in recent decades due to reductions in trade barriers and advances in technology and transportation. The World Trade Organization aims to help producers conduct cross-border business through agreements reducing trade barriers. While globalization offers economic benefits through increased productivity and innovation, it also poses challenges as many workers face job losses or pay cuts due to overseas competition and outsourcing. International standards like IFRS and agreements like NAFTA, CAFTA, and the WTO play important roles in facilitating global business and trade.
LESSON-1-IBAT-globalization and 5 emergenceAngelMeneses15
The document discusses the concept of globalization and its key drivers. It defines globalization as the merging of historically separate national markets into a single global marketplace, as well as the globalization of production through outsourcing. The main drivers of globalization have been declining trade barriers, technological advances in communication and transportation, and changing global demographics as emerging markets grow. The document also outlines some of the debates around the impacts of globalization on jobs, income inequality, and national sovereignty.
1. The document discusses the drivers, dimensions, and consequences of market globalization according to a textbook on international business.
2. The major drivers of market globalization include the worldwide reduction of trade barriers, adoption of free markets, technological advances, and integration of financial markets.
3. The dimensions of market globalization include the rising interdependence of national economies, growth of regional trade blocs, and globalization of production and services.
4. Consequences at the firm level include greater opportunities for internationalization. Societal consequences include the potential spread of financial crises, loss of national sovereignty, effects on the environment and culture.
This document summarizes risks and threats facing the world economy according to Paul Young CPA, CGA. It outlines concerns around slowing GDP growth, rising carbon taxes, worsening housing affordability, increasing global protectionism, stagnating wages, needed reforms to the WTO and taxation pressures in various countries. The conclusion emphasizes that many countries face important decisions due to fiscal pressures and sluggish economies, and governments must address systemic issues contributing to high housing costs and poverty.
This document provides an overview of globalization, including:
1) It defines globalization as the increasing integration and interdependence of world economies through globalization of markets and production.
2) Key drivers of globalization are declining trade barriers and technological advances in transportation and communication.
3) Major global institutions that help manage and regulate global trade include the WTO, IMF, World Bank, and UN.
This document provides an overview and agenda for discussing risks facing the world economy in 2019, as introduced by Paul Young, a CPA and expert in various business and economic fields. Some of the key risks highlighted include ongoing global trade tensions and rise of protectionism; wage stagnation; housing affordability issues; potential economic impacts of carbon tax policies; and volatility in the stock market. The conclusion emphasizes that many countries face important decisions around fiscal management and trade in response to these challenges.
Globalization - International Business - Manu Melwin Joymanumelwin
Each day, an average person makes use of goods and services of multiple origins—for instance, the Finnish mobile Nokia and the US toy-maker’s Barbie doll made in China but used across the world; a software from the US-based Microsoft, developed by an Indian software engineer based in Singapore, used in Japan; the Thailand-manufactured US sports shoe Nike used by a Saudi consumer.
This document provides an overview of globalization. It defines globalization as the transformation of national economies into an interdependent global system. The key drivers of globalization are identified as falling trade barriers and technological advances. Globalization has led to the globalization of markets and production. International institutions have also emerged to manage the global marketplace. While globalization creates opportunities, it also generates debate around its impacts on jobs, wages, and the environment. Managing business globally differs from domestic management due to country differences, greater complexity, and international rules and systems.
The Trump administration’s economic policy is rapidly breaking down the World Trade Organisation (WTO) system and shattering the rules-based international order. On top of imposing tariffs, the United States is blocking the appointment of new judges to the body that interprets and enforces WTO rules, decisions and agreements.
If this continues, the WTO will virtually cease to function by the end of 2019.
This will cause a gradual breakdown of the multilateral trading system and lead to a new international economic order that is no longer anchored in liberal democratic values, nor fully constrained by the rule of law.
Source - https://theconversation.com/australia-has-to-prepare-for-life-after-the-world-trade-organisation-100522
This document provides an overview of globalization, including its key drivers like declining trade barriers and advances in technology. It discusses how globalization has led to integrated global markets and dispersed global production. It also examines the changing nature of multinational enterprises and the global economy. The document outlines some of the debates around globalization's impact on jobs, wages, the environment, and national sovereignty.
Back in 2017 is when I did a presentation on protectionism. Many governments have expanded their protectionism policies. USA wants to reduced its trade deficits as part of supporting its agenda investment and jobs back to USA.
This document provides an overview and summary of a presentation on global protectionism policies. It defines protectionism as government actions that restrict trade to protect local businesses from foreign competition, using tariffs and quotas. The presentation discusses the issues with protectionism, including pressure on governments to create jobs and countries using policies like keeping currency values low. Top exporting countries and disputes over intellectual property theft and trade between China and the US are also covered. Potential solutions discussed include consuming less, depreciating currencies, and taxing some capital inflows.
The document discusses globalization in the healthcare industry. It notes a shortage of radiologists in the US and a solution of outsourcing radiology image readings to India over the internet. It also discusses more patients traveling internationally for medical treatments. It questions whether demand for American health services will decline as work moves offshore. The document then provides an overview of what globalization is, the globalization of markets and production, and drivers of globalization like declining trade barriers and technological changes.
Global protectionism is on the rise as governments face pressure to protect domestic jobs. Protectionist policies like tariffs restrict international trade and make local industries more competitive by raising import prices. However, protectionism also has drawbacks like higher consumer prices and retaliation from trade partners. The US-China trade conflict has escalated as the US imposed tariffs on Chinese goods and accused China of intellectual property theft, while China denies the allegations. The breakdown of multilateral trade organizations due to US actions threatens the rules-based global economic order.
This chapter discusses the globalization of markets and the internationalization of firms. It covers the key drivers of globalization like reductions in trade barriers and advances in technology. It also examines the phases of globalization and how firms are expanding their value chain activities internationally. The chapter analyzes the consequences of globalization for firms and societies. It provides examples of born global firms and discusses how globalization is impacting development in Africa.
We live in an era of globalisation as such business needs to expand in order to grow their business beyond their domestic market.
The problem for business is dealing with various governments around the world as part of getting access to new markets.
The world bank have said that corruption cost the world economy well over 1.5 trillion dollars on annual basis.
the process by which businesses or other organizations develop international influence or start operating on an international scale.
"fears about the increasing globalization of the world economy"
Mining and Metals Scenarios to 2030, presentation by Head of Mining and Metals Industry at World Economic Forum, Michael Tost at the 2013 Mining Lekgotla. 27 August 2013
the rise of china - latin america perspectiveLuiz Calado
This document discusses trade and economic development in Latin America. It provides an overview of recent economic growth in countries like Peru, Colombia, Chile, Argentina, Venezuela, Mexico and Brazil. It also examines issues like the rise of China as a trade partner and industrial capturer for the region. Additionally, the document looks at Brazil's role in South American integration and infrastructure projects. It analyzes what China has done to sustain its growth through policies promoting innovation, technological development, and a knowledge-driven economy.
This document provides a summary of a presentation on global protectionism and GDP growth. The presentation discusses what protectionism is, issues with protectionism policies, IP theft between countries, trade relationships between countries like the US, China, and Canada, and potential solutions to addressing trade imbalances. It includes data on top exporting countries, projected global GDP growth, and trade deficits for context. The presentation examines how increasing protectionism and ongoing trade wars could impact the global economy.
Similar to Current Issues in International Marketing (20)
George Orwell's novel Animal Farm is summarized as follows:
1. Animal Farm tells the story of farm animals who rebel against their human farmer and take control of the farm, establishing their own society with ideals of equality and justice for all animals.
2. However, the pigs who lead the rebellion slowly start acting like the humans, taking more than their share of the food and exerting their power over the other animals.
3. By the end, the pigs have established a totalitarian dictatorship and the farm is being run no differently than it was under the human farmers, showing how even the highest of ideals can be corrupted over time.
What's Behavior of an Organization
Who will take the Decisions
How decision will be taken
Type of organizations
Why different theories in Organizational Behavior were developed
What is Organizing?
Characteristics of organizing
Importance of Organizing
Principles of organization
Process of Organizing
Identification and Division of work
Grouping of Activities
Assigning Duties
Establishing Reporting Relationships
Abraham Lincoln exhibited strong democratic leadership qualities during the U.S. Civil War. As a democratic leader, he encouraged creativity and new ideas from his team members, but ultimately made the final decisions. Lincoln wanted what was best for all Americans and supported expanding voting rights to women. He had great communication skills, controlled his emotions well when working with others, and was able to learn on the job.
The document outlines the steps in the planning process: 1) assessing opportunities and analyzing strengths/weaknesses; 2) setting objectives and expected results; 3) determining planning premises based on anticipated future events; 4) identifying alternatives and evaluating pros/cons; 5) formulating supportive plans; 6) implementing plans through policies and procedures; and 7) reviewing plans and improvising based on changes. Planning is a continuous cycle that involves awareness, decision-making, implementation, and review to ultimately achieve goals.
The behavioral approach to management focuses on employees as individuals and as part of work groups, with an emphasis on meeting their needs. The Hawthorne studies from 1924-1932 examined how social and emotional factors impact worker productivity. The studies found that workers performed better when they felt respected and part of a team. Simply showing concern for employees can motivate better performance due to the "Hawthorne Effect", where people work harder because they feel somebody cares. The behavioral approach led to a greater understanding of human behavior in organizations.
Technological Progress and Global CompetitivenessPranab Choudhary
This document discusses the importance of technological progress and innovation for global competitiveness. It defines competitiveness and outlines some of the key challenges countries face in maintaining competitiveness. It also describes two indexes that measure competitiveness - the IMD Competitiveness Index and the Global Competitiveness Index published by the World Economic Forum. India's ranking on both indexes is provided. The relationship between innovation, technological progress, and competitiveness is explored. Innovation is defined and the factors and sources that drive innovation are outlined. Examples of how technology is disrupting businesses are also provided.
John McCarthy first coined the term "artificial intelligence" in 1956. The original concept of AI was for machines to simulate human learning and intelligence. There are two main types of AI - strong AI, which aims to simulate the human brain, and weak AI, which behaves intelligently without replicating the brain. Machine learning is a subset of AI that uses algorithms to improve performance over time by processing data. AI is now used widely in areas like digital assistants, social media, music/video streaming, navigation, business applications, drones, self-driving cars, and humanoid robots. While AI has benefits, there are also risks like limited abilities, unemployment, and autonomous weapons. The future of AI could include enhanced human abilities but
The document summarizes several major stock market scams that occurred in India, including the Ketan Parekh scam of 1998-2001. The Ketan Parekh scam involved Ketan Parekh artificially manipulating the stock prices of 10 companies (known as the K-10 stocks) through circular trading and using borrowed money. This led stock prices to increase dramatically, attracting other investors, before the prices eventually collapsed causing losses of Rs. 2000 crores. Ketan Parekh used promoters' money and illegally obtained bank loans as funding for his manipulations. The scam had widespread impacts, crashing the stock market and causing losses for investors and banks. Ketan Parekh was arrested and banned from trading but continued his activities underground for some
New rules in e commerce (India 2019)
Models of E-commerce.
What was the need for new rules.
Revised Rules of E-commerce.
Expectation from new rules.
Opinions: Who likes it, who hates it
Case Study – Amazon
Business abuse refers to illegal, unethical, or irresponsible acts that harm business stakeholders like employers, employees, customers, or competitors. It can take various forms like stealing, conflicts of interest, falsifying records, harassment, or misrepresenting products. Business abuse negatively impacts business performance by increasing costs, reducing productivity, damaging goodwill, and potentially causing business failure. To reduce business abuse, employers should increase security, foster loyalty among employees, and promote ethical conduct. Employees should report any unethical behavior and consider how their actions might harm others or affect the company's reputation.
The document discusses two approaches to international business - the ethnocentric approach and the polycentric approach. Under the ethnocentric approach, decision making is centralized and managers from the home country are used. It is preferred by smaller companies entering overseas markets. The polycentric approach gives more autonomy to foreign subsidiaries and controls are decentralized. Products are tailored for each host country market. It allows for better adaptation to local cultures but can lack coordination. Examples of Nissan initially using an ethnocentric approach in the US that failed are also provided.
The International Labour Organization (ILO) was formed in 1919 after World War 1 to promote social justice and decent work. It is the first UN agency and has 187 member states. The ILO's mandate is to set labour standards, policies, and programs to achieve decent work for all through 4 strategic objectives: creating jobs, guaranteeing rights at work, extending social protection, and promoting social dialogue. It aims to improve conditions of life and work around the world.
If a group exists in an organization, its members:
Are motivated to join
Perceive the group as a unified unit of interacting people
Contribute in various amounts to the group processes.
Reach agreements and have disagreements through various forms of interaction.
1. Volkswagen reported a 95% drop in fourth quarter 2003 profits due to two main factors: the sharp rise of the euro against the dollar during 2003, and Volkswagen's decision to only hedge 30% of its currency exposure compared to its usual 70%.
2. Exchange rates can impact businesses in three main ways: transaction exposure affects individual deals, translation exposure impacts reported financial statements, and economic exposure influences long-term competitiveness.
3. Businesses can reduce transaction and translation exposure through forward exchange contracts, currency swaps, and managing payables and receivables. Reducing economic exposure requires distributing production globally to balance currency risk.
The consumer movement is an effort to promote consumer protection through an organized social movement, which is in many places led by consumer organizations. It advocates for the rights of consumers, especially when those rights are actively breached by the actions of corporations, governments, and other organizations which provide products and services to consumers.
What Is A Working Capital Loan?
Why Firms Need Working Capital Loan?
Advantages of Working Capital Loan
Types of Working Capital Loans
Eligibility for working capital loan
Documents required
How to apply for a working capital loan
Implication of Gestalt Principles in Consumer behavior. Gestalt Principles are principles/laws of human perception that describe how humans group similar elements, recognize patterns and simplify complex images when we perceive objects. Designers use the principles to organize content on websites and other interfaces so it is aesthetically pleasing and easy to understand.
This document discusses visual merchandising and store design. It outlines objectives like implementing retail strategy, building loyalty, and increasing sales and profits. It describes elements of store design like layout, signage, and feature areas. It discusses merchandise presentation techniques using different fixtures. It also covers creating the right store atmosphere through lighting, color, music, and other elements. The conclusion notes that the impact of store environment depends on customer goals, and retailers should consider customer goals when designing stores.
Dive deep into the cutting-edge strategies we're employing to revolutionize our web presence in the age of AI-driven search. As Gen Z reshapes the digital realm, discover how we can bridge the generational divide. Unlock the synergistic power of PPC, social media, and SEO, driving unparalleled revenues for our projects.
Efficient Website Management for Digital Marketing ProsLauren Polinsky
Learn how to optimize website projects, leverage SEO tactics effectively, and implement product-led marketing approaches for enhanced digital presence and ROI.
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In this humorous and data-heavy Master Class, join us in a joyous celebration of life honoring the long list of SEO tactics and concepts we lost this year. Remember fondly the beautiful time you shared with defunct ideas like link building, keyword cannibalization, search volume as a value indicator, and even our most cherished of friends: the funnel. Make peace with their loss as you embrace a new paradigm for organic content: Pillar-Based Marketing. Along the way, discover that the results that old SEO and all its trappings brought you weren’t really very good at all, actually.
In this respectful and life-affirming service—erm, session—join Ryan Brock (Chief Solution Officer at DemandJump and author of Pillar-Based Marketing: A Data-Driven Methodology for SEO and Content that Actually Works) and leave with:
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Empowering Influencers: The New Center of Brand-Consumer Dynamics
In the current market landscape, establishing genuine connections with consumers is crucial. This presentation, "Empowering Influencers: The New Center of Brand-Consumer Dynamics," explores how influencers have become pivotal in shaping brand-consumer relationships. We will examine the strategic use of influencers to create authentic, engaging narratives that resonate deeply with target audiences, driving success in the evolved purchase funnel.
Can you kickstart content marketing when you have a small team or even a team of one? Why yes, you can! Dennis Shiao, founder of marketing agency Attention Retention will detail how to draw insights from subject matter experts (SMEs) and turn them into articles, bylines, blog posts, social media posts and more. He’ll also share tips on content licensing and how to establish a webinar program. Attend this session to learn how to make an impact with content marketing even when you have a small team and limited resources.
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- You don't need a large team to start a content marketing program
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Unlock the secrets to creating a standout trade show booth with our comprehensive guide from Blue Atlas Marketing! This presentation is packed with essential tips and innovative strategies to ensure your booth attracts attention, engages visitors, and drives business success. Whether you're a seasoned exhibitor or a first-timer, these expert insights will help you maximize your impact and make a memorable impression in a crowded exhibition hall. Learn how to:
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Transform your trade show presence with these proven tactics and ensure your booth stands out from the competition. Download the PDF now and start planning your next successful exhibit!
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Unlock the secrets to enhancing your digital presence with our masterclass on mastering online visibility. Learn actionable strategies to boost your brand, optimize your social media, and leverage SEO. Transform your online footprint into a powerful tool for growth and engagement.
Key Takeaways:
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2. Strategies for optimizing social media profiles and content to maximize reach and engagement.
3. Insights into leveraging SEO best practices to improve search engine rankings and drive organic traffic.
Breaking Silos To Break Bank: Shattering The Divide Between Search And SocialNavah Hopkins
At Mozcon 2024 I shared this deck on bridging the divide between search and social. We began by acknowledging that search-first marketers are used to different rules of engagement than social marketers. We also looked at how both channels treat creative, audiences, bidding/budgeting, and AI. We finished by going through how they can win together including UTM audits, harvesting comments from both to inform creative, and allowing for non-login forums to be part of your marketing strategy.
I themed this deck using Baldur's Gate 3 characters: Gale as Search and Astarion as Social
What Software is Used in Marketing in 2024.Ishaaq6
This paper explores the diverse landscape of marketing software, examining its pivotal role in modern marketing strategies. It provides a comprehensive overview of various types of marketing software tools and platforms essential for enhancing efficiency, optimizing campaigns, and achieving business objectives. Key categories discussed include email marketing software, social media management tools, content management systems (CMS), customer relationship management (CRM) software, search engine optimization (SEO) tools, and marketing automation platforms.
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This description outlines the scope, structure, and focus of the paper, giving readers a clear understanding of what to expect and why the topic of marketing software is important and relevant in contemporary marketing practices.
Build marketing products across the customer journey to grow your business and build a relationship with your customer. For example you can build graders, calculators, quizzes, recommendations, chatbots or AR apps. Things like Hubspot's free marketing grader, Moz's site analyzer, VenturePact's mobile app cost calculator, new york times's dialect quiz, Ikea's AR app, L'Oreal's AR app and Nike's fitness apps. All of these examples are free tools that help drive engagement with your brand, build an audience and generate leads for your core business by adding value to a customer during a micro-moment.
Key Takeaways:
Learn how to use specific GPTs to help you Learn how to build your own marketing tools
Generate marketing ideas for your business How to think through and use AI in marketing
How AI changes the marketing game
Top Strategies for Building High-Quality Backlinks in 2024 PPT.pdf1Solutions Pvt. Ltd.
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2. De-globalization
• Globalization to Nationalization
• Driven by Policies
• Customs War/ Tariff War
• Developed countries supporting nationalism
• Brexit
• Donald Trump’s policies
• FDI plummeted by $700 billion in 7 last years
• United Nations Conference of Trade and Development - 2014
• Not the first time
• Last one lasted for 50 years
3. Political Unrest
• Political risks can impact the value of a company, make it harder to operate
normally and make expansion more difficult.
• Macroeconomic Issues - High Interest Rates
• Social Issues - Civil Unrest
• Government Actions - Confiscating A Company's Assets
• Narendra Modi fifth biggest geo-political risk of 2020 – (Eurasia Group)
• Intensified communal and sectarian instability, as well as foreign policy and economic
setbacks
• A weakened economy will in turn feed further economic nationalism and protectionism.
• Burberry has seen a "double digit" percentage decline in sales in Hong Kong.
• Burberry could take a $123 million hit on sales because of the Hong Kong protests
• Airline Cathay Pacific said the civil unrest had "been exceptionally challenging,
severely impacting demand and operations of the business
Higher operating
costs, factory
shutdowns and
operating losses.
4.
5.
6. Ethics
• Working Condition and Cheap Labor
• Sweatshop in Asia, South America and Central America
• Working class in US and Europe has very minimal increase in wages in last 20 years (Forbes)
• Costs Ethical Businesses Cost Advantage
• 46 Countries, 600 contract factories , 800,000 workers – Nike is unable to manage wage and
working conditions.
• Companies ignoring Environmental, Social, Governance (ESG) criteria and SDGs
(WEF 2020)
• Driverless Cars
• Unemployment
• Facebook
• Fake News
• Environmental Issues
7.
8.
9. Environment/Natural Disasters
• Climate change
• Extreme Weather Conditions
• Risky Agriculture Investment
• 3/5 of Electric/Hybrid Cars by 2030 (JP Morgan)
• No Major innovation in Battery
• No immediate benefit from environmentally concerned initiatives.
• Coronavirus
• Starbucks, KFC, Pizza Hut and McDonald's - Closed shops and suspended delivery services in
the city of Wuhan and Hubei Province.
• Disney has closed its parks in Shanghai and Hong Kong
• The stocks of LVMH, Kering and Cartier watch maker Richemont all fell more than 5% last
week.
• As the scale of the outbreak has become apparent, companies have begun to adjust their
forecasting - Reuters
REUTERS/David McNew/File Photo
10.
11. Cyber-Crime
• The most pressing risks facing the world have shifted from economic threats
to the risks posed by cyber wars and technological dystopia. – WEF’s 2020
study of global risks
• Ownership of Internet in not defined and so the Jurisdiction
• “The biggest problem in cyber crime is attribution; you cannot trace back.
The second is international agreements: other countries do not agree to
share information“ - National Cyber Security Coordinator Lt Gen Rajesh
Pant
• Recent Major Cyber Attcks
• WannaCry - Ransomware - 2017.
• NotPetya – Ransomware – 2016
• Ethereum – Blockchain currency heist - $39.4 million – 2018
12. Cyber-Crime – Implication for Businesses
• Banks, stock markets, multi nationals all are connected.
• Higher Integration = Higher Chance of Exploitation of System
• The Cost of Protection
• Lost Sales
• Online Vigilantes
• PayPal and MasterCard
• Changing Methods of Doing Business
• Many companies have stopped storing customers' financial and personal information
13. State-controlled Internet
• Concept of Internet Sovereignty
• Opposite to the Silicon Valley concept of the internet as an open forum.
• Massive interference with news flows.
• Google China and Great Firewall.
• US government’s initiatives to dismantle ‘net neutrality’ in 2017
• Supported by some Big Corporation.
www.google.cn
14. Conclusion
• Entering International Market opens new doors of opportunities for
businesses as well it makes them vulnerable to new and unknown threats
• To Protect Business from such elements strategies of diversification should
be adopted
• Ethical Supply Chain Should be Developed
• Business Should be led by Value, like Patagonia
• Domestic Market should be taken care of
• Sustainability should be taken care of
15. References
• Raje, A. P. (2017, February 17). We are in a deglobalization period: Business historian Geoffrey G. Jones. Retrieved from h
ttps://www.livemint.com/Companies/tKamdGDvvyCt8Smn39TQMK/We-are-in-a-deglobalization-period-Business-historian-Ge
off.html
• Rapoza, K. (2016, November 23). Trump, China, And The 'Deglobalization' Trade. Retrieved from https://www.forbes.com/si
tes/kenrapoza/2016/11/23/trump-china-and-the-deglobalization-trade/#633daa964cd0
• World Economic Forum Annual Meeting Davos 2020. (n.d.). Retrieved from https://www.weforum.org/events/world-econo
mic-forum-annual-meeting-2020
• Fashion Transparency Index 2019. (n.d.). Retrieved from https://issuu.com/fashionrevolution/docs/fashion_transparency_ind
ex_2019?e=25766662/69342298
• Saphir, A. (2020, January 22). Warren calls on big U.S. banks for steps on climate risk. Retrieved from https://in.reuters.co
m/article/us-usa-election-warren-idINKBN1ZL1VQ
• Roche, E. (2020, January 8). Narendra Modi fifth biggest geo-political risk of 2020: Eurasia Group report. Retrieved from
https://www.livemint.com/news/india/narendra-modi-fifth-biggest-geo-political-risk-of-2020-eurasia-group-report-115784956
00766.html
• Goodwin, B. (2020, January 31). Davos: The clock is ticking on climate change but cyber crime and emerging technologi
es add to risks. Retrieved from https://www.computerweekly.com/news/252477684/Davos-The-clock-is-ticking-on-climate-c
hange-but-cyber-crime-and-emerging-technologies-add-to-risks
• Fruhlinger, J. (2018, November 26). What is a cyber attack? Recent examples show disturbing trends. Retrieved from http
s://www.csoonline.com/article/3237324/what-is-a-cyber-attack-recent-examples-show-disturbing-trends.html
• Hornby, L. (2017, December 3). China defends state control over internet at technology forum. Retrieved from https://ww
w.ft.com/content/dad122c8-d7e8-11e7-a039-c64b1c09b482
• Pham, S. (2020, January 27). How the coronavirus is already hurting global business. Retrieved from https://edition.cnn.co
m/2020/01/27/business/coronavirus-business-closures/index.html `