Globalisation and Business
Syllabus of the Subject: Globalisation and International Business. Regionalism (Master, Doctorate).
- Globalisation (Globalization) and international trade
- Positive and adverse effects of the globalisation
- History of the World Economy
- Globalisation, international trade and financial markets
- Cultural, political, and environmental dimensions of the globalisation
- Globalisation and international institutions:
- United Nations
- World Trade Organisation
- World Bank
- International Monetary Fund
- European Union (EU)
- Liberalisation. The role of the World Trade Organisation (WTO)
- Trends to the Regionalism
- World Trade Agreements
- Emerging Markets
- BRICS Countries. India and China
- World financial and economic crisis
- Regional analysis:
- Africa
- America
- Asia
- Europe
- Arab Countries
- Global food crisis
- Anti-globalisation
- Global Ethics and Globalisation
The objectives of the Subject “Globalisation” are the following:
- To learn about the trade liberalisation and the formation of the World Trade Organisation (WTO)
- To identify the positive and adverse effects of the globalisation
- To know the trends towards the regionalism
- To understand the various regional economic agreements and their relevance to both regional and global trade
- To explore the historical development of the global trade over the last decades
The Transatlantic slave trade is considered a crime against humanity and the first system of globalisation.
“The essence of the globalisation is localisation” Zhang Ruimin, Managing Director (CEO) of Haier.
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The Subject “Globalisation” is part of the following Online Higher Education Programs taught by EENI:
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Area of Knowledge: Globalisation. |
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Description of the Subject: Globalisation and Regionalism
In the last few years, the world economy has gone through some major changes, the result of which has been the creation of a global market. With the establishment of the World Trade Organisation (WTO), almost all the economies in the World are likely to establish more and more interdependent relationships with each other.
In the 1980s, the world economy was characterised by an international trade between large economic blocs, since the mid-90s, international trade has tended to develop towards the globalisation to a stage where it is feasible to conceive a trade without frontiers.
The domestic trade has become a global trade, where the entire world is a global market. You are now probably working on a computer, which was produced in China, using the Japanese chips, and an American operating system. You may be wearing a pair of trousers made in Taiwan, an Italian sunglass, and a Swiss watch. Perhaps tonight you will have a French glass, a Chilean wine, or a cup of Kenyan coffee with your dinner. You may drive a Korean or German car, or use a Finnish phone. This is our reality today, which has become possible due to the Globalisation.
Today we witness the emergence of a new economy: The world as a Global market!
A core element of the globalisation is to achieve an open international trade through the trade barriers elimination or reduction (import tariffs).
Globalisation refers to the increasing integration of economies around the world, movement of people (labour) and knowledge (technology) across international borders.
Regionalism is the actions taken by the governments to liberalise or facilitate the international trade on a regional basis (free-trade areas, Free Trade Agreements, customs unions...)
Today more than 400 Regional Free Trade Agreements are in force: the Free Trade Agreements (FTA) and partial scope agreements account for 90%, while the customs unions account for less than 10%.
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