In this revision video we range far and wide on many of the important aspects of globalisation including:
Explain what is meant by globalisation
Explain the characteristics of globalisation
Explain the causes of globalisation / factors contributing to globalisation
Evaluate the impact of globalisation and global companies on individual countries, governments, producers and consumers, workers and the environment
Evaluate the impact of the performance of emerging economies on other economies.
Explain how the pattern of global trade has changed over time
Evaluate comparative advantage as an explanation of global trade patterns
Explain how countries achieve international competitiveness
Global Business Practice Assignment - The changing relationships between Tran...Amany Hamza
This paper aims to distil and critically analyse the changing relations between TNCs and nation-states and to what extent other multilateral institutions do influence these relations.
CBSE Notes Class 10 Economics Chapter 4 – Globalization and the Indian Economy, mainly dealt with the Integration of production and integration of markets. This will help you to understand the process of globalization and its impact in a better way.
In this revision video we range far and wide on many of the important aspects of globalisation including:
Explain what is meant by globalisation
Explain the characteristics of globalisation
Explain the causes of globalisation / factors contributing to globalisation
Evaluate the impact of globalisation and global companies on individual countries, governments, producers and consumers, workers and the environment
Evaluate the impact of the performance of emerging economies on other economies.
Explain how the pattern of global trade has changed over time
Evaluate comparative advantage as an explanation of global trade patterns
Explain how countries achieve international competitiveness
Global Business Practice Assignment - The changing relationships between Tran...Amany Hamza
This paper aims to distil and critically analyse the changing relations between TNCs and nation-states and to what extent other multilateral institutions do influence these relations.
CBSE Notes Class 10 Economics Chapter 4 – Globalization and the Indian Economy, mainly dealt with the Integration of production and integration of markets. This will help you to understand the process of globalization and its impact in a better way.
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.
A complete Presentation on the topic of globalization, about its history, dimensions, GATT, role of multinational incorporation, international trade and Evolution of trade theories....
Lecture slides in International Economics from a course at the University of the West of England, Bristol. Discusses recent and ongoing transformations of the world economy, including Ohmae's concept of the "Invisible Continent". Download available on the TRUE wiki for International Economics: http://economicsnetwork.ac.uk/international/lecturenotes
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.
PPT for the subject of International Business prepared as per the syllabus of Osmania University-Hyderabad INDIA
This is very much useful for the students of the MBA program across all universities throughout the world
Question 11. Using Microsoft Excel, draw a graph illustrating the .docxIRESH3
Question 11. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.Price/ComputerQuantity DemandedQuantity Supplied2001000220017512502050150150019001251750175010020001600752250145050250013002527501150
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 2What is the equilibrium Price and Quantity in the market?Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025
Volumes
Prices
Question 3Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.Price/ComputerQuantity DemandedQuantity SuppliedPrice supplied + 100 tax2001000220030017512502050275150150019002501251750175022510020001600200752250145017550250013001502527501150125Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Supply + 100 tax22002050190017501600145013001150300275250225200175150125
Volumes
Prices
Question 4 Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gauging by the sellers. What would happen to the price and quantity in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220010017512502050100150150019001001251750175010010020001600100752250145010050250013001002527501150100Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 10010001250150017502000225025002750100100100100100100100100
Volumes
Prices
Question 5Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedPrice ceeling2001000220015017512502050150150150019001501251750175015010020001600150752250145015050250013001502527501150150Your response comes here
Supply22002050190017501600145013001150200175150125100755025Demand10001250150017502000225025002750200175150125100755025Price ceeling 15010001250150017502000225025002750150150150150150150150150
Volumes
Prices
Question 6If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?Price/ComputerQuantity DemandedQuantity SuppliedLower demand for bad expectations2001000220070017512502050950150150019001200125175017501450100200016001700752250145019505025001300220025275011502 ...
Global business today global 8th edition hill test bank.docxrightmanforbloodline
Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank Global business today global 8th edition hill test bank
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?
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
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
1. In general, globalization means integrating our economy with the world’s
economy. It is the process of interchange of world views, products, ideas and
other aspects of culture.
Globalization describes the interplay
across cultures of macro-social
forces. These forces include religion,
politics, and economics. Globalization
can erode and universalize the
characteristics of a local group.
Advances in transportation and
telecommunications infrastructure,
including the rise of the Internet, are
major factors in globalization,
generating further interdependence of
economic and cultural activities.
2. Top 25 Retailers
Market Share
%
2000 2009
16
40
What Drives Globalization
Decline in cross-border
investment barriers.
Saturation and slow growth in
local markets.
Retailers believed they would
benefit from economies of scale
from global buying power.
What characterizes these
retailers is that they all held
strong domestic market positions.
Globalization in Retailing
3. Globalization Strategies
Carrefour, WalMart, Ahold, and
Tesco have led the globalization of
retail stores with different
strategies:
Ahold: “going global with a local
face”
WalMart: “Global retail brand”
Top 25 Retailers
Market Share
%
2000 2009
16
40
4. Problems for Globalization
National differences in
tastes and preferences
Distribution channels
Culturally embedded value systems
Difficulty in establishing common retail model such as:
Ahold: “going global with a local face”
WalMart: “Global retail brand”
5. Globalization in Retailing
•Trade and investment barriers are
disappearing.
•Perceived distances are shrinking due to
advances in transportation and
telecommunications.
•Material culture is beginning to look similar.
•National economies merging into an
interdependent global economic system.
6. Pros & Cons of Globalization
PROS CONS
•Increased revenue
opportunity through global
sales.
•Reduced cost by producing
in ‘low cost’ countries.
*Different nations=different
problems.
•Similarities between
nations may be superficial.
•Global planning may be
easy, but global execution is
not
8. Globalization of Markets
Globalization means “Merging of historically distinct and
separate national markets into one huge global
marketplace.”
Globalization is
Facilitated by offering standardized products:
Citicorp
Coca-Cola
Sony PlayStation
McDonalds
Does not have to be a big company to participate:
Over 200,00 U.S. companies with less than 100 employees had
foreign sales in 2000.
12. “The sourcing of goods and services from locations
around the globe to take advantage of national
differences in the cost and quality of factors of
production (labor, energy, land and capital).”
This also increases the company’s chance to obtain
those countries market for their products as well.
13. Why Globalization of Production?
“The sourcing of goods and services from
locations around the globe to take advantage of
national differences in the cost and quality of
factors of production (labor,energy, land and
capital).”
Companies hope to lower their
overall cost structure and/or
improve the quality or
functionality of their product
offering - increasing their
competitiveness.
“Global Products”
15. International Trade: When a firm exports goods
or services to consumers in another country.
Foreign Direct Investment: When a firm invests
resources in business activities outside its home
country.
16. General Agreement on Tariffs and Trade
Member states (140) in eight negotiating ‘rounds’ worked to lower
barriers to the free flow of goods and services.
In the most recent round, the Uruguay Round, nations agreed to
enhanced patent, copyright and trademark protections and
established the World Trade Organization.
18. Fewer FDI Restrictions
* Between 1991 and 2000
of the 1,121 changes worldwide in laws
governing FDI, 95% created a more
favourable investment environment.
* During 2000, 69 countries made 150
changes to FDI regulations, 147 or 98%
were more favorable to investment.
20. Even though the lowering
of trade barriers made
globalization a theoretical
possibility, the new
technologies made it a
reality.
21. The Role of Technological Change
Invention and innovations in
Microprocessors and
telecommunications
Container transportation
22. 1500-1840
1850-1930
1950s
1960s
Best average speed of
horse-drawn coaches and
sailing ships, 10mph.
Steam locomotives average 65mph.
Steamships average 36mph.
Propeller aircraft
300-400 mph.
Jet passenger aircraft
500-700mph.
The Shrinking Globe
24. Production dispersed to
economical locations
due to transportation and communication advances.
It has allowed firms to create and manage a globally
Dispersed production system, further facilitating
Globalization of production
25. Implications for Globalization of Markets
•New markets opened through WWW.
•Jet aircrafts move people and goods.
•Global media such as
(CNN, HBO, MTV) are creating a worldwide culture.
26. The National Composition of
the Largest Multinationals
1973 1990 1997 2000
U.S.A. 48.5% 31.5% 32.4% 26%
Japan 3.5 12 15.7 17
U.K. 18.8 6.8 6.6 8
France 7.3 10.4 9.8 13
Germany 8.1 .9 12.7 12
27. The Changing Pattern of World Output
and Trade
COUNTRY SHARE OF
WORLD OUTPUT
1963
SHARE OF
WORLD OUTPUT
2000
SHARE OF
WORLD EXPORTS
2000
United States 40.3% 27% 12.3%
Japan 5.5 14.2 7.54
Germany 9.7 (W. Ger.) 7.3 8.7
France 6.3 5.2 4.7
United
Kingdom
6.5 4.1 3.7
Italy 3.4 4.1 3.7
Canada 3.0 2.0 4.4
China NA 3.2 3.92
South Korea NA 1.4 2.7
28. 1. Will economic and
political reforms hold?
2. Economic problems are
no longer isolated and can
become global.
29. Jobs and Income
•Firms move jobs to low cost countries.
•Countries specialize in efficiently
produced goods and import those they
can not efficiently produce.
•Increases income in less developed
countries.
•May lead to income inequality.
Labour Policies and the
Environment
Firms move to countries with
weak laws.
Economic progress leads to
stronger laws.
By creating wealth and
incentives for technology
improvements, world will be
better.
Tie strong laws to international
agreements.
30. Globalization and the World’s Poor
Other factors may have influenced the gap.
Totalitarian governments.
Economic policies that destroyed wealth creation.
Little protection of property rights.
Expanding populations.
War.
31. Managing in the Global Marketplace
An International Business is any firm that engages in international
trade or investment.
Managing an international business is different than managing
a domestic business:
1. Countries are different.
2. Problems are more complex.
3. Must work within government
regulations.
4. Currency conversion presents
unique problems.