The document discusses globalization and the global economy. It defines globalization as the integration of international trade, investment, technology, and cultures driven by policies to open economies. It then examines the structures of the global economy, including the rise of multinational corporations and global production chains that span multiple countries. Technological advances in transportation and communication have enabled unprecedented levels of global economic integration and interdependence.
the political economy of international trade
,
instrument of trade policy
,
what is the political reality of international tr
,
how has the current world trading system emerged
,
what is the future of the world trade organization
,
what do trade barriers mean for managers
,
how do governments intervene in markets
,
why government intervene
,
3:import quota
Definition of globalization. Types of globalization. Advantage of globalization: Cultural impact of globalization.Economic impact of globalization. Disadvantages of Globalization
the political economy of international trade
,
instrument of trade policy
,
what is the political reality of international tr
,
how has the current world trading system emerged
,
what is the future of the world trade organization
,
what do trade barriers mean for managers
,
how do governments intervene in markets
,
why government intervene
,
3:import quota
Definition of globalization. Types of globalization. Advantage of globalization: Cultural impact of globalization.Economic impact of globalization. Disadvantages of Globalization
Theories of Regional Integration (Concept Map)Yury Fontão
This conceptual map was prepared individually based on a Master's dissertation on Theories of Regional Integration. His objective was to highlight the key points of the dissertation and present it in the discipline of Regional Integration.
Globalization - Advantages and Disadvantagessaad shaikh
***IMPORTANT****
To get the more advantages from this ppt please open it with MS OFFICE 2013 bcoz its been made in MS OFFICE 2013 and there are new effects which are really awesome.....if you play it with other versions less than 2013 for eg:- MS OFFICE 2007 you wont get that attractive effects...It's very attractive if u open it in MS OFFICE 2013 or newer..........Thanks
Globalization represents an unavoidable phenomenon in the history of mankind, which is making the world smaller and smaller by increasing the exchange of goods, services, information, knowledge and cultures between different countries, therefore, it is very important to understand the "why, where, what and how" of our current situation.
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.
Theories of Regional Integration (Concept Map)Yury Fontão
This conceptual map was prepared individually based on a Master's dissertation on Theories of Regional Integration. His objective was to highlight the key points of the dissertation and present it in the discipline of Regional Integration.
Globalization - Advantages and Disadvantagessaad shaikh
***IMPORTANT****
To get the more advantages from this ppt please open it with MS OFFICE 2013 bcoz its been made in MS OFFICE 2013 and there are new effects which are really awesome.....if you play it with other versions less than 2013 for eg:- MS OFFICE 2007 you wont get that attractive effects...It's very attractive if u open it in MS OFFICE 2013 or newer..........Thanks
Globalization represents an unavoidable phenomenon in the history of mankind, which is making the world smaller and smaller by increasing the exchange of goods, services, information, knowledge and cultures between different countries, therefore, it is very important to understand the "why, where, what and how" of our current situation.
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.
Presentación: GLOBALIZACIÓN ECONÓMICA, 3º ESO. Bilingüe.
topic 5. A globalized world.
On several slides you will find some references to Homework in different pages, they refers to Santillana Richmond book, in which the presentation is based on.
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"
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
2. WHAT IS GLOBALIZATION?
• Globalization represents the global integration
of international trade, investment, information
technology and cultures. Government policies
designed to open economies domestically and
internationally to boost development in poorer
countries and raise standards of living for their
people are what drive globalization. However,
these policies have created an international free
market that has mainly benefited multinational
corporations in the Western world to the
detriment of smaller businesses, cultures and
common people.
3. BREAKING DOWN 'GLOBALIZATION'
• Through globalization, corporations can gain a competitive advantage from lower
operating costs, and access to new raw materials and additional markets. In addition,
multinational corporations can manufacture, buy and sell goods worldwide. For
example, a Japan-based car manufacturer can manufacture auto parts in several
developing countries, ship the parts to another country for assembly and sell the
finished cars to any nation.
• Globalization is not a new concept. In ancient times, traders traveled vast distances
to buy rare commodities such as salt, spices and gold, which they would then sell in
their home countries. The 19th century Industrial Revolution brought advances in
communication and transportation that have removed borders and increased cross-
border trade. In the last few decades, globalization has occurred at an
unprecedented pace.
4. • Public policy and technology are the two main driving factors behind the
current globalization boom. Over the past 20 years, governments worldwide
have integrated a free market economic system through fiscal policies and
trade agreements. This evolution of economic systems has increased
industrialization and financial opportunities abroad. Governments now focus
on removing barriers to trade and promoting international commerce.
• Technology is a major contributor to globalization. Advancements in IT and
the flow of information across borders have increased awareness among
populations of economic trends and investment opportunities. Technological
advancement such as digitalization has simplified and accelerated the transfer
of financial assets between countries.
5. THE BROADER MEANING OF GLOBALIZATION
• Globalization is also a social, cultural, political and legal phenomenon.
In social terms, globalization represents greater interconnectedness
among global populations. Culturally, globalization represents the
exchange of ideas and values among cultures, and even a trend toward
the development of a single world culture. Politically, globalization has
shifted countries' political activities to the global level through
intergovernmental organizations like the United Nations and the World
Trade Organization. With regard to law, globalization has altered how
international law is created and enforced.
7. THE GLOBAL ECONOMY
• The world economy or global economy is the economy of the
world, considered as the international exchange of goods and
services that is expressed in monetary units of account (money). In
some contexts, the two terms are distinguished: the
"international" or "global economy" being measured separately
and distinguished from national economies while the "world
economy" is simply an aggregate of the separate countries'
measurements. Beyond the minimum standard concerning value
in production, use and exchange the definitions, representations,
models and valuations of the world economy vary widely. It is
inseparable from the geography and ecology of Earth.
10. GLOBAL ECONOMY
• Common to buy clothing anywhere in US which has a tag
labeled, ‘Made in Malaysia, China or Sri Lanka’
• Simple observation reminds us that our consumption of
goods has a strong international character
• Increasingly true to speak not only of national economies
but a larger, highly inter-connected and interdependent-
GLOBAL ECONOMY
• Before discussing basic mechanisms of industrialization
and economic change within Third World, important to
look at the broader global industrial environment within
which these nations are forced to compete
11. SETTING THE STAGE: ORIGINS OF THE GLOBAL ECONOMY
• Since 1970s world economy hit by turbulent forces
• Unemployment in western countries
• Traditional industries (iron and steel) have declined
• LDCs bearing huge financial debts which threaten drive for
development
• Trading tensions have emerged between industrial
countries and the newly industrializing countries
12. CAUSES OF THESE CONDITIONS?
• Some argue that continuing OPEC escalation of
oil prices through limited production is root
cause
• Had some effect but too simple an answer
• More profound changes in world economic
structure were underway before this
• Increasingly growing consensus that world
economy has become more volatile, complex
and tightly connected
• Countries affected by what is happening
abroad and at larger geographical scale
13. INTERNATIONALIZATION OF TRADE AND LABOR
• As with Japanese autos, American computers and
Taiwanese calculators there is an emergence of a “new
international division of labor”
• Basically a change in geographical pattern of specialization
at the global scale-constantly changing and very dynamic
• Example: movement of textile and shoe production from
Indonesia to China
14. INTERNATIONAL DIVISION OF LABOR
• Division of labor has taken on spatial dimensions- some areas
come to specialize in certain types of economic activity
• At broad scale : industrialized countries --- manufactured goods
while non-industrialized countries --- raw materials
• However this simple pattern no longer exists
• Now much more complex structure involving fragmentation of
many processes and their geographical relocation on a global scale
15. FORCES SURROUNDING GLOBAL SYSTEM OF PRODUCTION
• These five factors are affecting production patterns:
• 1. Trans-national or multi-national corporations
(MNCs)-firms that operate in many nations
• Increasingly these firms have local production points
and suppliers that operate across national boundaries
providing and securing labor, capital and other resources
from a variety of places and which have become very
powerful and important influences in the global
economy
16. SEQUENTIAL MODEL OF TNC DEVELOPMENT
• Stage I- Serve domestic market only
• Stage II- Export to overseas markets through independent
channels (sales agents)
• Stage III- Establish sales outlets in overseas markets by acquiring
local firm and/or setting up new facility
• Stage IV- Establish production facility overseas by acquiring local
firm and/or setting up new facility
17. GEOGRAPHICAL GROWTH OF A MULTINATIONAL
CORPORATION
Center
Nation
BasicEnterprise
PenetrationofaNationalMarket
PenetrationofForeignMarkets
MultinationalCorporation
1 2
3 4
Factory
Distribution center
Representative
18. FORCES SURROUNDING GLOBAL SYSTEM OF PRODUCTION
• 2. National governments- through their industrial, trade and
foreign policies especially liberalization policies
• Liberalization refers to the way in which policies facilitate
transactions (trade and sales) of a variety of products and services
• Deregulation refers to the easing of taxation, entry and pricing of
products or services dictated by government policy
• Privatization refers to the ownership of former public sector
operations and firms by private corporations and enterprises
19. FORCES SURROUNDING GLOBAL SYSTEM OF PRODUCTION
• 3. Enabling Technologies- transport, communications, production
and organizational improvements
• Explosion of enhanced transport and communication services such
as air cargo, integrators offering definite time delivery (FedEx and
UPS), electronic mail and electronic data interchange (EDI)
• Advanced inventory management such (just-in-time (JIT)) and new
systems of distribution such as third party logistics (3PL)
20. Moving storage
units
Delivery units for
parts
Delivery units for
finished goods
Old warehouse before
Just-in-Time
FACTORY
Assembly and warehousing
place
Production Unit
JUST-IN-TIME AND ITS LOGISTIC
Moving storage
units
Assembly Line
22. FORCES SURROUNDING GLOBAL SYSTEM OF PRODUCTION
• 4. Shifts in Market Conditions and Demand
• Economic cycles affect markets and production, e.g. the Asian
financial crisis
• Dramatic shifts in demand affect over time influence type of good
being produced and production schedules
• Application of new technology can mean product obsolescence
• These changes can be described in part through product life cycle
23. PRODUCT LIFE CYCLE
•Essence of PLC is that growth in sales
of product follows systematic path,
from initial introduction to market
through development, growth,
maturity, decline and obsolescence
24. PRODUCT LIFE CYCLE
Sales
Stage 1 Stage 2 Stage 3
Monopoly Competition
Research and
development
Maturity Decline
First competitors Mass production
Growth
Stage 4
PromotionIdea
Decline of
production
25. CELLULAR PHONES OF NOKIA
• Evolution of basic Cellular
phones are an example of a
product which is especially
applicable to the notion of
the product life cycle
• phone to color
enhancement to camera and
email device
27. GLOBAL PRODUCTION CHAINS AND NETWORKS
• Production Chain: Materials > Procurement > Transformation > Marketing and Sales
>Distribution > Service
• Definition: transactionally linked sequence of functions where each stage adds
value to the process of goods and services production
• Two aspects important: coordination and regulation and geographical configuration
• Production chains may be very localized but increasingly are global in scale to take
advantage of international division of labor
28. KIA AUTO PARTS FLOW
• Assembled in S Korea KIA Sorrento clear example of global supply chain
• Uses 30K parts from all around world
• Parts shipped from places as diverse as Wales and Mexico—but very risky
• War in Iraq and piracy in Malacca Straits
• Demonstrate surprising adaptability due to advance planning, multiple sourcing of
parts and ability to shift routes on short notice
29. KIA AUTO PARTS FLOW
• Communicates regularly with suppliers-at least once a week
• Order several months in advance
• If necessary use air freight instead of sea freight
• Greater demand forced KIA to air freight airbags from Swedish company which
makes them in the U.S.
• Greater expense of trans-Pacific flight better than slowing down production line