| |
Contents:
- Globalization and international business. Positive and negative effects. Historical background.
- Globalization: international trade and financial markets. Cultural, political, and environmental dimensions of globalization.
- Globalization and international institutions: United Nations, WTO, WB, IMF, European Union).
- Liberalisation. The role of the World Trade Organisation.
- Regionalism. World economic agreements.
- Emerging markets. BRICM countries. India and China.
- World financial and economic crisis. Regional analysis: Africa, Asia, Europe, Arab countries. Global food crisis.
- Antiglobalization.
Summary:
Economical, cultural, political and environmental dimensions of globalization. World financial and economic crisis
In the last few years the world economy has gone through some major changes,
the result of which has been the creation of a world market. With the
establishment of the World Trade Organization (WTO), almost all economies
of the world are likely to establish more and more interdependent relationships
with each other. In the 1980's the world economy was characterized by trade
between large economic blocs, since the mid 90's international trade has tended
to develop towards globalization to a stage where it is feasible to conceive
trade without frontiers in the not too distant future. At the start of the 21th
century we witness the emergence of a new economy:
The world as a global market!
Domestic trade has become global trade, where the entire world is a global
market. You are now probably working on a computer which was produced in
China using Japanese chips and an American operating
system. You may be wearing a pair of trousers made in Taiwan, Italian sunglasses
and a Swiss watch. Perhaps tonight you will have a glass of Spanish or Chilean
wine or a cup of Kenyan coffee with your dinner. You may drive a Korean or
German car, use a Finnish phone or smoke Cuban cigars. This is our reality
today, which has become possible due to globalization.
Globalisation means that the flows of goods, services, capital, technologies and people are spreading worldwide, as countries everywhere open up to wider contact with each other. Globalisation can create more wealth for everybody, but it can also be disruptive and needs to be harnessed by international rules
(International Institutions). When business goes global, the rules for fair play must also be set globally. A core element of globalization is the expansion of world trade through the elimination or reduction of trade barriers, such as import tariffs.
Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political, and environmental dimensions of globalization.
Regionalism is described in the Dictionary of Trade Policy Terms, as "actions by governments to liberalize or facilitate trade on a regional basis, sometimes through free-trade areas or customs unions".
If we take into account RTAs (Regional Trade Agreements) which are in force but have not been notified, those signed but not yet in force, those currently being negotiated, and those in the proposal stage, we arrive at a figure of close to 400 RTAs which are scheduled to be implemented by 2010. Of these RTAs, free trade agreements (FTAs) and partial scope agreements account for over 90%, while customs unions account for less than 10 %.
Sample:

Learn about trade liberalization and the formation of the World
Trade Organization WTO. Identify the positive and negative effects of
globalization. Understand the various regional economic agreements and
their relevance to both regional and world trade. Explore the historical development
of world trade over the last three decades.
Globalization learning unit is available in:
(Mondialisation)
(Globalización)
(Globalização.
Master in Foreign Trade and International Marketing
- Master
Executive in International Business, Global Marketing and Internationalization - Master
Executive Business with Africa - Diploma in International Trade
- Master in Emerging
Markets - Master Business
West Africa and Maghreb -
Master East and Southern Africa
Globalization, International Business, Regionalism, World Crisis, Economical, Cultural, political, environmental, dimensions, globalization, World, Financial, Economic, Crisis
|