The document discusses the negative effects of globalization on the United States. It argues that globalization has contributed to job losses and economic insecurity for American workers due to outsourcing and competition from foreign workers. This has led to rising unemployment, fiscal crisis for the government as tax revenues decline, and growing inequality as corporate profits rise while wages stagnate. Overall, the document claims that unregulated globalization has generated discontent by prioritizing corporate interests over workers' welfare.
This document discusses business and peace, emerging trends, challenges, and solutions. It covers recent terrorist attacks around the world and their socioeconomic contexts. Root causes of conflicts like imbalance and lack of economic opportunities are examined. Emerging business models in conflict areas are highlighted, like integrating education with sports. Challenges like disruptive technologies and the future of work are also addressed. The document advocates for compassionate capitalism and social enterprises to stimulate economic growth and foster peace.
This document provides an overview of future economic trends and influences that will shape the global economy. It discusses growing fears about the future due to economic instability and uncertainties. Key trends mentioned include rising income inequality in the US, high unemployment, a struggling middle class, and underperforming education system. However, the US still leads in areas like entrepreneurship, innovation and GDP due to a large population and market size. The document argues that future economic development will be impacted more by emerging influences like changing demographics, technology, sustainability and societal values rather than past trends alone.
This document provides an introduction and overview of an international business project presented by a group of students to their professor. It includes the names and student IDs of the group members, as well as brief sections on globalization, global companies and global managers. Specific companies discussed include Toyota, McDonald's, PepsiCo, and managers such as Jack Welch and Indian businessman Lakshmi Mittal.
The impact of the global economic crises and trajectories for transformation ...Costy Costantinos
The study aims to answer the following questions. What are the trajectories of the recent financial, economic and livelihood crises? What is their impact on the global welfare? What options are there to stem the tide? The study objective is hence to identify the impact of the recent financial, economic and livelihood crises and options to stem the tide on the Afro-Arab continent...
Security, Economics, Technology and the Sustainability ParadoxRory King
Security, Economics, Technology and the Sustainability Paradox: How worldwide security, economic, and technology trends, combined with the global shift to environmental compliance and sustainability, impose obsolescence, counterfeit, price/availability, DMSMS, and supply chain disruptions that must be managed. IHS discusses these issues and illustrate market intelligence tools, techniques, and best practices in managing the paradoxical risks and rewards heightened in the new generation we have entered.
This document summarizes several key political and social events and policies from 1989 to 2000, including:
- Welfare reform in the 1990s that imposed stricter limits on cash assistance programs.
- The establishment of the World Trade Organization in 1995 to reduce trade barriers between nations.
- The Persian Gulf War in 1990-1991 where a US-led coalition liberated Kuwait from Iraqi invasion.
- Bill Clinton's first term in office from 1993-1996 where he enacted some more progressive social and economic policies compared to previous administrations.
The document discusses the importance of decision leadership in guiding teams to high-quality decisions, especially in challenging contexts. Decision leaders diagnose decision situations, design effective decision processes, lead the decision process, and assess the level of decision quality achieved. Effective decision leaders orchestrate activities like selecting appropriate tools, defining roles for decision makers and project teams, and maintaining communication to achieve quality decisions.
This document discusses business and peace, emerging trends, challenges, and solutions. It covers recent terrorist attacks around the world and their socioeconomic contexts. Root causes of conflicts like imbalance and lack of economic opportunities are examined. Emerging business models in conflict areas are highlighted, like integrating education with sports. Challenges like disruptive technologies and the future of work are also addressed. The document advocates for compassionate capitalism and social enterprises to stimulate economic growth and foster peace.
This document provides an overview of future economic trends and influences that will shape the global economy. It discusses growing fears about the future due to economic instability and uncertainties. Key trends mentioned include rising income inequality in the US, high unemployment, a struggling middle class, and underperforming education system. However, the US still leads in areas like entrepreneurship, innovation and GDP due to a large population and market size. The document argues that future economic development will be impacted more by emerging influences like changing demographics, technology, sustainability and societal values rather than past trends alone.
This document provides an introduction and overview of an international business project presented by a group of students to their professor. It includes the names and student IDs of the group members, as well as brief sections on globalization, global companies and global managers. Specific companies discussed include Toyota, McDonald's, PepsiCo, and managers such as Jack Welch and Indian businessman Lakshmi Mittal.
The impact of the global economic crises and trajectories for transformation ...Costy Costantinos
The study aims to answer the following questions. What are the trajectories of the recent financial, economic and livelihood crises? What is their impact on the global welfare? What options are there to stem the tide? The study objective is hence to identify the impact of the recent financial, economic and livelihood crises and options to stem the tide on the Afro-Arab continent...
Security, Economics, Technology and the Sustainability ParadoxRory King
Security, Economics, Technology and the Sustainability Paradox: How worldwide security, economic, and technology trends, combined with the global shift to environmental compliance and sustainability, impose obsolescence, counterfeit, price/availability, DMSMS, and supply chain disruptions that must be managed. IHS discusses these issues and illustrate market intelligence tools, techniques, and best practices in managing the paradoxical risks and rewards heightened in the new generation we have entered.
This document summarizes several key political and social events and policies from 1989 to 2000, including:
- Welfare reform in the 1990s that imposed stricter limits on cash assistance programs.
- The establishment of the World Trade Organization in 1995 to reduce trade barriers between nations.
- The Persian Gulf War in 1990-1991 where a US-led coalition liberated Kuwait from Iraqi invasion.
- Bill Clinton's first term in office from 1993-1996 where he enacted some more progressive social and economic policies compared to previous administrations.
The document discusses the importance of decision leadership in guiding teams to high-quality decisions, especially in challenging contexts. Decision leaders diagnose decision situations, design effective decision processes, lead the decision process, and assess the level of decision quality achieved. Effective decision leaders orchestrate activities like selecting appropriate tools, defining roles for decision makers and project teams, and maintaining communication to achieve quality decisions.
The document discusses several aspects of globalization including its impact on the economy, culture, and society. It outlines how globalization has led to rising international trade and foreign direct investment. It also describes how new communication technologies and global networks have connected people worldwide and facilitated e-business and telecommuting. Finally, it examines some of the cultural effects of globalization such as the emergence of new global professions, the spread of pop culture, and the idea of the world becoming a global village where ideas can be shared freely across borders.
The document discusses the concept of "We Media" and its implications for democracy. It argues that traditional media systems maintain a "spectator democracy" by controlling information, but that the rise of grassroots online journalism by bloggers (termed "We Media") has allowed news to be published and spread in real-time by ordinary people. This shifts power away from a small number of large corporations and towards the public. The document also discusses how the internet has empowered audiences and made them more creative through platforms like blogs and social media.
The document discusses the role of the Technical Advisory Group (TAG) and its extended version in monitoring progress on Sustainable Development Goal 4 on education. It provides background on the establishment of the TAG in 2014 to develop indicators for education goals, and the recommendation to expand it to include more member states and civil society. It outlines some of the key areas and issues under discussion by the extended TAG related to developing a balanced set of indicators that are relevant, clearly defined, and have available data sources, including how to measure learning outcomes, equity, access, participation, and education quality.
1.Globalization and its Measures
2.Globalization and its“Contents”: Globalization and Growth
3.Globalization and its“Contents and Discontents”: Globalization and Distribution
4.Implications for Globalization Research and Policy
The document discusses the effects of globalization on the economy, culture, and education. It outlines both positive and negative impacts. Positively, globalization can increase free trade and investment, leading to economic growth. However, it can also harm developing economies and lead to labor drain. Culturally, globalization increases cultural diffusion and awareness, but may threaten local cultures over time. In education, a standardized curriculum and technology are benefits, but local schools face competition and language/tech barriers.
This document discusses culture, politics, and law as they relate to international business. It begins by defining culture and its main elements, and how culture affects business dealings in different countries. It then explores the roles of political systems and laws, explaining how democracy, totalitarianism, and other factors shape the business environment. The document also covers managing political risk, different legal systems, and key global legal and ethical issues international businesses may face.
The document provides information and discussion points for an upcoming media studies exam, including:
- A short test on representations, public sphere, and hegemony theories from the class blog.
- Instructions to learn about narrative theory for the following Thursday.
- A debate prompt on how the media is becoming more democratic, with examples to support or deny the claim.
- Discussion of citizen participation and informed democracy in relation to definitions of democracy from sources like Wikipedia.
- Tasks to investigate examples of user-generated content and assess claims of increased democracy.
- Guidance on writing successful exam answers, including clear structure, examples, and terminology.
GreenBiz 17 Tutorial Slides: "How Corporates are Aligning with the Sustainabl...GreenBiz Group
The Sustainable Development Goals define global priorities and aspirations for 2030. Where does your company strategy align with these global goals? Learn how the SDGs affect your business, and gain the tools and knowledge needed to maximize your company's contribution to the success of the SDGs.
GreenBiz 17 In-Depth Tutorials are intensive half-day sessions held prior to the start of the conference. These are designed to offer participants an opportunity to dive deeper into a topic of interest and develop tangible knowledge and skills. In addition, attendees will have a greater opportunity to network with their peers in these interactive sessions. Concurrent tutorials will be held the morning of Tuesday, February 14, and are available only to those who purchase an All Access Pass.
1. BENEFITS THAT MNCS BRING TO HOST NATIONS
a. Improvement in the standard of living
b. Employment and economic growth in overseas countries
2. POTENTIAL NEGATIVE IMPACT
a. Influence on foreign governments to gain concession
b. Exploitation of labour in developing countries
i. Implementation of working practices which would be unacceptable in their home country
ii. Sale of unsafe products to consumers
c. Use of unsustainable resources and the degradation of the local environment
d. Cultural Imperialism
e. Footloose Capitalism
3. CONTROLLING MNCs
a. Pressure groups and public opinion
b. Internet
c. Self-Regulation
d. Political Constraints
e. Legal or constraints
f. Competition policy
This document discusses multinational corporations (MNCs), providing information on both their positive and negative impacts. It notes that MNCs emerged prominently in the 17th-18th centuries and post-World War II. While MNCs can create jobs, improve products, and transfer technology, they may also exploit labor and harm local cultures and producers. A case study found that MNCs have helped improve standards of living in developing nations. The document concludes by stating the large number of MNCs worldwide and emphasizing the importance of corporate social responsibility.
What does Moore's Law mean for the rest of society?Rob Bencini
In 1965, Gordon Moore of Intel saw the doubling of transistors in an integrated circuit doubling every two years. This exponential increase in technological capacity has allowed for many of our modern conveniences. But what will the impact on the U.S. economy be as technology continues to advance exponentially. Enjoy the slide show from Rob Bencini, Economic Futurist so see some of the potential outcomes.
Globalisation Paradox and International RelationsArmend Muja
This document discusses the relationship between globalization and nation states. It addresses criticisms of globalization undermining nation states and argues this view is too narrow. While globalization shifts domestic power balances and benefits some regions more than others, evidence shows it has increased trade, GDP and government spending overall rather than reducing state significance. The nation state remains important and has transformed to take on a regulatory role within a complex web of global networks.
South Korea experienced rapid economic growth from the 1960s to the 1990s, transforming from one of the poorest countries in the world to one of the wealthiest. It had one of the fastest growing economies in the world during this time period and became highly industrialized. However, South Korea was impacted by the Asian Financial Crisis in 1997 but recovered thanks to support from the IMF. It has since established itself as a high-income developed economy and major exporter and importer, with key industries including shipbuilding, automobiles, and electronics.
The document presents an analogy imagining the American Revolutionary War taking place in modern times between the US government led by President Obama and a new nation called "The Fortune 500 Companies of the Global Economy" led by CEOs of major corporations. In the analogy, President Obama raises taxes on corporations, leading the CEOs to declare independence and go to war against the US, hiring workers to fight for them. Despite losses, the workers are able to defeat the US military. The CEOs then establish their new nation but largely act in their own self-interest rather than governing for the citizens. Tensions rise over issues like outsourcing, threatening a potential second civil war in the new country.
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.
2. MNC Corpocracy and Geo-Politics: Detailed study of MNC corporations with their origin country politics, ways and means of their business and impact on third world resources are studied. Also the ways and means MNCs encourage corruption in third world and the techniques used in manipulating local, central, state governments to push their products/process/ideas and the impact of such on native population is studied. Medical MNCs, Agri MNCs, Oil MNCs, Banking Insurance MNCs, Gold, Diamond and Metals MNCs, Defense MNCs contractors, their exploitative manipulative practices in extraction of natural resources for their benefit and the losses to the concerned nations is studied. The FIIs, FDIs and how they are manipulated to skim wealth from susceptible unsuspecting stock markets via policies of kiting, skimming and inside trading which is the cause of current economic debacles.
The document discusses scenarios developed in 1997 by a federal agency about the future of the United States within the global context. One scenario, called "Global Malaise," accurately predicted many events between 1997-2017, including the 2008 financial crisis and election of the first minority U.S. Vice President in 2012. The summary highlights how scenario planning can help anticipate potential futures if done rigorously, and how the "Global Malaise" scenario unexpectedly aligned with real world developments over the following 20 years.
Report from WEF Davos 2009 - Presentation by Alec Hogg, Moneywebmoneyweb
The World Economic Forum is committed to improving the global state and holds annual meetings in Davos to set the year's economic agenda. The 2009 meeting saw record attendance from CEOs and government leaders. Speakers discussed the state of the global recession and opportunities emerging from the economic crisis, emphasizing the need for global collaboration on issues like climate change, infrastructure development, and renewable energy. While some leaders expressed optimism that the economic downturn would be temporary, others warned that the worst impact may still be coming and that significant financial sector reforms would be needed. Overall the forum called for a renewed spirit of global cooperation and shared values to guide the world's response.
1) Three areas of the economy began to struggle at the end of the 1920s - industry, agriculture, and the consumer market. Failures in these sectors led to high unemployment, business failures, and economic downturn.
2) In agriculture, farming income declined sharply after WWI as demand fell, and many farmers took on debt and lost their farms in the 1920s recession.
3) In industry, sectors like coal, steel, and railroads declined as new technologies like airplanes and automobiles grew. Housing construction also slowed, hurting related industries. Unequal wealth distribution and consumer debt further weakened the economy.
This document provides an overview of contemporary globalization and its key aspects, including:
- Economic globalization and the increasing interconnectedness of economies through trade organizations like NAFTA and the WTO.
- Technological globalization driven by advances in communication technologies.
- Cultural globalization and the spread of Western culture through multinational corporations.
- Political globalization represented by institutions like the United Nations.
- Military globalization and the role of global alliances.
It also discusses theories of globalization's effects from scholars like Friedman and potential consequences such as environmental damage, labor exploitation, and the erosion of traditional cultures.
The document discusses several aspects of globalization including its impact on the economy, culture, and society. It outlines how globalization has led to rising international trade and foreign direct investment. It also describes how new communication technologies and global networks have connected people worldwide and facilitated e-business and telecommuting. Finally, it examines some of the cultural effects of globalization such as the emergence of new global professions, the spread of pop culture, and the idea of the world becoming a global village where ideas can be shared freely across borders.
The document discusses the concept of "We Media" and its implications for democracy. It argues that traditional media systems maintain a "spectator democracy" by controlling information, but that the rise of grassroots online journalism by bloggers (termed "We Media") has allowed news to be published and spread in real-time by ordinary people. This shifts power away from a small number of large corporations and towards the public. The document also discusses how the internet has empowered audiences and made them more creative through platforms like blogs and social media.
The document discusses the role of the Technical Advisory Group (TAG) and its extended version in monitoring progress on Sustainable Development Goal 4 on education. It provides background on the establishment of the TAG in 2014 to develop indicators for education goals, and the recommendation to expand it to include more member states and civil society. It outlines some of the key areas and issues under discussion by the extended TAG related to developing a balanced set of indicators that are relevant, clearly defined, and have available data sources, including how to measure learning outcomes, equity, access, participation, and education quality.
1.Globalization and its Measures
2.Globalization and its“Contents”: Globalization and Growth
3.Globalization and its“Contents and Discontents”: Globalization and Distribution
4.Implications for Globalization Research and Policy
The document discusses the effects of globalization on the economy, culture, and education. It outlines both positive and negative impacts. Positively, globalization can increase free trade and investment, leading to economic growth. However, it can also harm developing economies and lead to labor drain. Culturally, globalization increases cultural diffusion and awareness, but may threaten local cultures over time. In education, a standardized curriculum and technology are benefits, but local schools face competition and language/tech barriers.
This document discusses culture, politics, and law as they relate to international business. It begins by defining culture and its main elements, and how culture affects business dealings in different countries. It then explores the roles of political systems and laws, explaining how democracy, totalitarianism, and other factors shape the business environment. The document also covers managing political risk, different legal systems, and key global legal and ethical issues international businesses may face.
The document provides information and discussion points for an upcoming media studies exam, including:
- A short test on representations, public sphere, and hegemony theories from the class blog.
- Instructions to learn about narrative theory for the following Thursday.
- A debate prompt on how the media is becoming more democratic, with examples to support or deny the claim.
- Discussion of citizen participation and informed democracy in relation to definitions of democracy from sources like Wikipedia.
- Tasks to investigate examples of user-generated content and assess claims of increased democracy.
- Guidance on writing successful exam answers, including clear structure, examples, and terminology.
GreenBiz 17 Tutorial Slides: "How Corporates are Aligning with the Sustainabl...GreenBiz Group
The Sustainable Development Goals define global priorities and aspirations for 2030. Where does your company strategy align with these global goals? Learn how the SDGs affect your business, and gain the tools and knowledge needed to maximize your company's contribution to the success of the SDGs.
GreenBiz 17 In-Depth Tutorials are intensive half-day sessions held prior to the start of the conference. These are designed to offer participants an opportunity to dive deeper into a topic of interest and develop tangible knowledge and skills. In addition, attendees will have a greater opportunity to network with their peers in these interactive sessions. Concurrent tutorials will be held the morning of Tuesday, February 14, and are available only to those who purchase an All Access Pass.
1. BENEFITS THAT MNCS BRING TO HOST NATIONS
a. Improvement in the standard of living
b. Employment and economic growth in overseas countries
2. POTENTIAL NEGATIVE IMPACT
a. Influence on foreign governments to gain concession
b. Exploitation of labour in developing countries
i. Implementation of working practices which would be unacceptable in their home country
ii. Sale of unsafe products to consumers
c. Use of unsustainable resources and the degradation of the local environment
d. Cultural Imperialism
e. Footloose Capitalism
3. CONTROLLING MNCs
a. Pressure groups and public opinion
b. Internet
c. Self-Regulation
d. Political Constraints
e. Legal or constraints
f. Competition policy
This document discusses multinational corporations (MNCs), providing information on both their positive and negative impacts. It notes that MNCs emerged prominently in the 17th-18th centuries and post-World War II. While MNCs can create jobs, improve products, and transfer technology, they may also exploit labor and harm local cultures and producers. A case study found that MNCs have helped improve standards of living in developing nations. The document concludes by stating the large number of MNCs worldwide and emphasizing the importance of corporate social responsibility.
What does Moore's Law mean for the rest of society?Rob Bencini
In 1965, Gordon Moore of Intel saw the doubling of transistors in an integrated circuit doubling every two years. This exponential increase in technological capacity has allowed for many of our modern conveniences. But what will the impact on the U.S. economy be as technology continues to advance exponentially. Enjoy the slide show from Rob Bencini, Economic Futurist so see some of the potential outcomes.
Globalisation Paradox and International RelationsArmend Muja
This document discusses the relationship between globalization and nation states. It addresses criticisms of globalization undermining nation states and argues this view is too narrow. While globalization shifts domestic power balances and benefits some regions more than others, evidence shows it has increased trade, GDP and government spending overall rather than reducing state significance. The nation state remains important and has transformed to take on a regulatory role within a complex web of global networks.
South Korea experienced rapid economic growth from the 1960s to the 1990s, transforming from one of the poorest countries in the world to one of the wealthiest. It had one of the fastest growing economies in the world during this time period and became highly industrialized. However, South Korea was impacted by the Asian Financial Crisis in 1997 but recovered thanks to support from the IMF. It has since established itself as a high-income developed economy and major exporter and importer, with key industries including shipbuilding, automobiles, and electronics.
The document presents an analogy imagining the American Revolutionary War taking place in modern times between the US government led by President Obama and a new nation called "The Fortune 500 Companies of the Global Economy" led by CEOs of major corporations. In the analogy, President Obama raises taxes on corporations, leading the CEOs to declare independence and go to war against the US, hiring workers to fight for them. Despite losses, the workers are able to defeat the US military. The CEOs then establish their new nation but largely act in their own self-interest rather than governing for the citizens. Tensions rise over issues like outsourcing, threatening a potential second civil war in the new country.
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.
2. MNC Corpocracy and Geo-Politics: Detailed study of MNC corporations with their origin country politics, ways and means of their business and impact on third world resources are studied. Also the ways and means MNCs encourage corruption in third world and the techniques used in manipulating local, central, state governments to push their products/process/ideas and the impact of such on native population is studied. Medical MNCs, Agri MNCs, Oil MNCs, Banking Insurance MNCs, Gold, Diamond and Metals MNCs, Defense MNCs contractors, their exploitative manipulative practices in extraction of natural resources for their benefit and the losses to the concerned nations is studied. The FIIs, FDIs and how they are manipulated to skim wealth from susceptible unsuspecting stock markets via policies of kiting, skimming and inside trading which is the cause of current economic debacles.
The document discusses scenarios developed in 1997 by a federal agency about the future of the United States within the global context. One scenario, called "Global Malaise," accurately predicted many events between 1997-2017, including the 2008 financial crisis and election of the first minority U.S. Vice President in 2012. The summary highlights how scenario planning can help anticipate potential futures if done rigorously, and how the "Global Malaise" scenario unexpectedly aligned with real world developments over the following 20 years.
Report from WEF Davos 2009 - Presentation by Alec Hogg, Moneywebmoneyweb
The World Economic Forum is committed to improving the global state and holds annual meetings in Davos to set the year's economic agenda. The 2009 meeting saw record attendance from CEOs and government leaders. Speakers discussed the state of the global recession and opportunities emerging from the economic crisis, emphasizing the need for global collaboration on issues like climate change, infrastructure development, and renewable energy. While some leaders expressed optimism that the economic downturn would be temporary, others warned that the worst impact may still be coming and that significant financial sector reforms would be needed. Overall the forum called for a renewed spirit of global cooperation and shared values to guide the world's response.
1) Three areas of the economy began to struggle at the end of the 1920s - industry, agriculture, and the consumer market. Failures in these sectors led to high unemployment, business failures, and economic downturn.
2) In agriculture, farming income declined sharply after WWI as demand fell, and many farmers took on debt and lost their farms in the 1920s recession.
3) In industry, sectors like coal, steel, and railroads declined as new technologies like airplanes and automobiles grew. Housing construction also slowed, hurting related industries. Unequal wealth distribution and consumer debt further weakened the economy.
This document provides an overview of contemporary globalization and its key aspects, including:
- Economic globalization and the increasing interconnectedness of economies through trade organizations like NAFTA and the WTO.
- Technological globalization driven by advances in communication technologies.
- Cultural globalization and the spread of Western culture through multinational corporations.
- Political globalization represented by institutions like the United Nations.
- Military globalization and the role of global alliances.
It also discusses theories of globalization's effects from scholars like Friedman and potential consequences such as environmental damage, labor exploitation, and the erosion of traditional cultures.
The document discusses several causes of the Great Depression:
1) Overproduction led to surpluses as supply outpaced demand. Declining prices hurt profits and the stock market.
2) Loose banking policies and the Federal Reserve's interest rate hikes contributed to easy credit and speculation that left the system vulnerable.
3) The stock market crash exposed underlying economic weaknesses as banks collapsed and credit dried up, deepening the downturn.
Herbert Hoover believed in non-intervention and voluntary cooperation between government and business. However, his largely hands-off approach was insufficient and some policies, like signing the Smoot-Hawley Tariff, made the situation worse before Franklin Roosevelt's more active interventions took over
Finance and Economics Quiz Finals held at MIT Manipal by ESOMSandeep Rao
Finance and Economics Quiz Finals held on the 28th of October 2016 for the Economics Society of Manipal by Sandeep Rao, Abhishek Batni and Rijul Kapoor
Marc Faber Power Point presentation on his speech "Mirror, Mirror on the Wall, When is the Next AIG to Fall?" at Mises Media, New York 24th of May, 2010.
Watch the lecture here: http://mises.org/media/5005
The document provides information about the causes and effects of the Stock Market Crash of 1929 and the Great Depression that followed. It discusses how overspeculation in the stock market, uneven distribution of wealth, excessive credit use, a weak farm economy, and global economic problems led to the crash. When stock prices plummeted, investors lost money, businesses lost profits, consumer spending dropped, workers were laid off, banks failed, and the US and world economies declined severely, resulting in high unemployment and poverty throughout the 1930s. The election of Franklin Roosevelt in 1932 represented a turning point, as he promised a "New Deal" with more government intervention to address the hardships of the Depression.
The document summarizes job creation programs during the Great Depression and Great Recession. During the Great Depression, FDR introduced the New Deal which included programs like the CCC, CWA, PWA, and WPA to create jobs and reduce unemployment. These programs focused on restoring forestation, public works projects, and construction. During the Great Recession, unemployment rose again and Obama introduced new job creation programs, while earlier the American Job Creation Act under Bush aimed to stimulate job growth through tax incentives for businesses. Job creation programs are used by governments during economic downturns to reduce unemployment.
This document provides an overview of operations management at a wellness center that utilizes barcoding technology. It discusses how barcoding is used to track customers, appointments, inventory, payments and various processes across multiple centers. The key modules of the operations system including reception, service providers, laboratory, stock, and business concepts are outlined. It also describes the processes from the customer's perspective such as booking an appointment, receiving a service, payments and follow up. The document aims to explain how barcoding technology enables smooth and integrated operations both within and across various wellness centers.
This document provides a summary of a case study on XYLYS, a premium watch brand in India. It begins with an introduction and disclaimer about the original case study.
It then analyzes Indian consumer behavior regarding premium watch purchases, noting that consumers increasingly seek brands that reflect their personality over utility. When purchasing premium watches, consumers seek symbolic and experiential benefits over functional benefits.
The document also briefly summarizes how XYLYS has built its brand in India. XYLYS is positioned as a premium luxury watch priced between 10,000-35,000 rupees. Though an Indian brand, XYLYS watches are made in Switzerland and designed by renowned Swiss designers.
Here is my opinion on the profitability of the proposed heat treatment plant project for M/s JBS Ltd:
Based on the information provided, some key assumptions I would make are:
- Machinery cost is Rs. 50 lakhs as per quotations received.
- Other fixed assets like AC, furniture etc. would cost Rs. 10 lakhs as estimated.
- Total project cost is machinery cost + other fixed assets = Rs. 50 lakhs + Rs. 10 lakhs = Rs. 60 lakhs
- Land costing Rs. 20 lakhs is being acquired through issue of equity shares.
- Existing bank balance is Rs. 20 lakhs which can be used
The document provides an overview of the World Trade Organization (WTO). It discusses that the WTO is an international organization that deals with global trade rules between nations. It was established in 1995 to liberalize trade and provide a framework for negotiating trade agreements and resolving disputes. The document also summarizes the evolution of the WTO from the Great Depression era protectionism, through the creation of GATT in 1948 to establish rules for international trade.
The data flow diagram shows the system as a PROJECT MANAGEMENT SYSTEM with two main processes: Process Project and Process Task. It depicts the flow of data between external entities (Project Manager and Team Members), the data store (Project Database), and the two processes. The diagram is drawn with 3 sentences describing the key components and data flows.
The system: Here is a data flow diagram for the process of project management:
The system is represented as a PROJECT MANAGEMENT SYSTEM with two main processes: Process Project and Process Task.
Process flow for a PROJECT: The Project Manager provides project details to the Process Project, which stores the data in
Manohar M. M. Iyer conducted a survey to collect feedback on his behavior from people he interacts with. The survey rated him on 18 attributes. He found that he excels in taking initiative, being a team player, providing motivation, communication, and ability to learn. However, the feedback indicated he needs to improve flexibility, adaptability, attitude, and personality. Comparing the feedback to his self-assessment found some gaps, which will help him work on becoming a better person. The annex contains the full survey results and comments.
This document analyzes the annual report of Ackruti City Limited for the period of 2009-2010. It provides an overview of the company and its board of directors. It summarizes the company's financial results, operational highlights, and analysis of the Indian economy and real estate industry during this period. It also includes an analysis of the company's balance sheet, profit and loss statement, cash flow statement, and key financial ratios for the period.
The finance manager of a company resigned after being questioned by the MD about why the company suffered losses, had excess inventory, unpaid bills, and a damaged reputation in one area while other areas were profitable. The new finance manager called a meeting of all department heads to gather past, present, and future data in order to understand the financial situation and create a budget to address the company's issues. The managers presented financial statements showing costs, expenses, sales, assets, and interest payments that revealed the sources of the company's problems.
The document provides an overview of ITC Limited, a diversified company in India. It discusses ITC's various business segments including cigarettes, food, personal care, hotels, paper, and agribusiness. It also summarizes ITC's financial performance in recent years, showing increasing revenues and profits across most business segments. Finally, it attempts to suggest future strategies for ITC, such as further diversifying away from tobacco into non-tobacco FMCG and agriculture through mergers and acquisitions.
The document provides tips for giving an effective presentation. It advises understanding the topic and knowing the audience. The presenter should set an agenda, create content tailored to the agenda and audience, and rehearse. When presenting, the speaker should open strongly, speak confidently, explain topics clearly, and retain the audience's interest through various engagement techniques. The presentation should involve participants, be timed well, check for understanding, summarize key points, and push the audience to take action.
The document describes a case study of process re-engineering efforts at a telecom firm's duplicate bill dispatch unit. The unit was facing challenges of high backlogs, long processing times, and insufficient staff. The key problems were identified as high request inflow, long processing times per case, and lack of manpower. Root causes were analyzed and solutions implemented, such as reducing unnecessary case creation, improving access to billing systems, training staff, and allocating roles more efficiently. These changes led to a 50% reduction in new case inflow, 60% faster processing times, and overall case handling time reduced from 9.5 to 5.7 minutes. Costs per case were lowered from Rs. 55.54 to Rs.
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2. Introduction
Globalization & Discontent
• Globalization
– Extending or reaching to other parts of the world
– to tap Resources & Market available there
– and fulfill the socio-economic Need or Greed
– of the home country or region or company.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
3. Content or discontent?
Globalization & Discontent
• Does the globalization activities
– strictly adhere to ethical principles?
– Provide welfare to all the stake holders involved?
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
4. Is it Positive?
Globalization & Discontent
• Outsourcing lowers the production costs.
• Developing countries get employment.
• Access to the latest technology are shared.
• Quality of goods are world class.
• Improvement in human rights as any
violations draws the attention of world media.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
5. Isn’t it Negative?
Globalization & Discontent
• Increased competition forces local companies
to lower prices.
• Developed countries loses employment.
• Investments made on technology loses value
far quickly as it becomes obsolete very fast.
• To provide world class products, companies
need to invest in APing of each other.
• Job security is an issue as cheap labor
dominates decisions.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
6. Unfortunate Facts
Globalization & Discontent
• Nike has been accused of using child labor in
the production of its soccer balls in Pakistan
where a typical person survives barely on $5
per day.
• Since 1960s United States began losing
automotive manufacturing jobs to Japan.
• Since fuel prices are driven by global markets,
the cost of living in one part of the world is
affected by price changes in another part of
world
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
7. Facts from History
Globalization & Discontent
• We can even say vital events of world history like:
– European sailors discovering new lands
– exploring resources there
– Trading goods between the nations
– Settling in the discovered land
– Conquering the Land
– Favoring needs of people in home land
– Violating rights of people in the foreign land
– resulting wars of independence, rebellions and world wars
were some negative effects caused by globalization
though this word was not coined at that time.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
8. Recent Facts
Globalization & Discontent
• US president Obama who came to Mumbai yesterday
(06/11/2010) along with 200 CEOs from US. He was more
like a salesman than a statesman. Per him:
– “no reason why India cannot be our top trading partner”
– “Boeing is going to sell dozens of planes to India”
– “GE is going to sell hundreds of electric engines”
– “The deals are worth USD 10 billion and will create more
than 50,000 jobs in the US”
– “India is a market of the future where US was willing to step
up investments”
– “Ease of export rules, ending the technology denial regime
against Indian entities such as DRDO and ISRO”
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
9. Ironies
Globalization & Discontent
• US president Obama has come to India to create more
than 50,000 jobs in the US using the purchasing
power of India i.e. transfer of Indian money to US.
• On 22/10/2010 US pledged to provide $2.29 billion to
Pakistan as a long term military aid i.e. transfer of US
money to Pakistan
• There are evidences to prove that Pakistan is using US
aid to enhance defence against India and to prove
that it is spreading terrorism in India
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
10. Globalization & Discontent
Has Globalization actually brought Discontent?
Case Study follows………
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
11. Globalization & Discontent
Victim of Globalization
Decline of once World’s super Power:
US
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
12. Some reasons
Globalization & Discontent
• Insecurity: Competition with foreign workers,
resulting in decrease in wages and general standard
of living.
• Fiscal crisis of the state: Less dependency on one
nation, resulting in a shrinking tax base - Govt.
expenses to outrace revenues.
• Double standards: TNC’s got basically everything
they wanted: the collapse of communism, free trade
agreements, deregulation, lower taxes, the
weakening of trade unions and the pushing down of
wage rates and deregulation.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
13. Insecurity: Examples
Globalization & Discontent
• General Motors
– has laid off 70,000 workers since 1993
– General Motors now ranks as the wealthiest U.S. corporation, with
$168 billion in revenues in 1995 alone
– Equal to the annual wages of more than 19 million Americans earning
the minimum wage.
• The Times pointed out :
– "between 1991 and 1995, nearly 2.5 million Americans had lost their
jobs because of corporate restructuring“
– “the top pay for corporate executives has soared to nearly 200 times
that of the average worker.”
– “stock prices keep rising on Wall Street while Main Street is littered
with the bodies of workers ”
• Between 1983 and 1993 banks in the U.S. replaced 179,000 human tellers
with automated teller machines Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
14. Fiscal crisis
Globalization & Discontent
• Unemployment hits the income tax revenue of the Govt. At the
same time the demand for unemployment insurance and food
stamps increases.
• Federal govt. debt stood at $4.9 trillion in early 1996.
• The interest US paid to the owners of that debt is $232 billion in a
single year.
• The corporate share of the tax load was cut.
• In the early 1950s, corporations paid 76 cents in taxes for every one
dollar paid by families and individuals
• By 1992 corporations were paying just 21 cents for every one dollar
in taxes paid by families and individuals
• Tax load was pushed onto the workers. However some of it was
financed through deficit spending: issuing government bonds to
borrow from the capital markets.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
15. Casino Economy
Globalization & Discontent
• Shift from productive investment to
speculative investment.
• Annual value of Global merchandise trade is
about $4 trillion.
• The global derivatives market equals this
dollar volume of transactions in just two days!
• This has weakened the power of many
government to control national economies
and protect people's jobs.
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
16. US: A third world country?
Globalization & Discontent
• The gap between high- and low-income families has widened
steadily since about 1980, hitting a new high every year since
1985.
• In 1992, average weekly earnings in the private, non-
agricultural part of the U.S. economy were 19 percent below
their peak in the early 1970s.
• Nearly one-fourth of the U.S. workforce now earns less in real
terms than the 1968 minimum wage it has a significant
portion of the population living in poverty
• Yet corporate profits and the salaries of top management
have soared. The average pay of Chief Executive Officers at
the 362 largest companies in the U.S. jumped 30 percent
during 1995 to an average of $3,746,392
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
18. Globalization & Discontent
Thus we can see that
Globalization has generated
lots of Discontent among all
stakeholders involved due to
transformation of need into
Greed
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005
19. Globalization & Discontent
I thank one and all who have provided me the knowledge &
support to prepare this Presentation.
Please feel free to forward your valuable feedback, comments,
queries and suggestions related to this presentation at
mumbai_man1977@yahoo.com.
Thank you,
Warm regards,
Manohar M. M. Iyer
Prepared By: Manohar M. M. Iyer
VAS2010XMBA15P005