Globalisation and Business

Syllabus of the Subject: Globalisation and International Business. Regionalism.

1. Globalisation (Globalization) and international trade
2. Positive and adverse effects of the globalisation
3. History of the World Economy
4. Globalisation, international trade and financial markets
5. Cultural, political, and environmental dimensions of the globalisation
6. Globalisation and international institutions:
   1. United Nations
   2. World Trade Organisation
   3. World Bank
   4. International Monetary Fund
   5. European Union (EU)
7. Liberalisation. The role of the World Trade Organisation (WTO)
8. Regionalism
9. World Trade Agreements
10. Emerging Markets
11. BRICS Countries. India and China
12. World financial and economic crisis
13. Regional analysis:
    1. Africa
       1. Africa: The Next Emerging Continent
       2. Frontier Markets in Africa
    2. America
    3. Asia
    4. Europe
    5. The Arab Countries
14. Global food crisis
15. Anti-globalisation
16. Global Ethics and Globalisation

The objectives of the subject “ Globalisation”:

1. To learn about trade liberalisation and the formation of the World Trade Organisation (WTO)
2. To identify the positive and adverse effects of the globalisation
3. To know the trends towards regionalism
4. To understand the various regional economic agreements and their relevance to both regional and world trade
5. To explore the historical development of the global trade over the last decades

The Transatlantic slave trade is considered a crime against the humanity and the first system of the globalisation.

“The essence of the globalisation is the localisation” Zhang Ruimin, Managing Director (CEO) of Haier.

Sample of the subject - Globalisation:

Description of the Subject (Online Learning): 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 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 trade without frontiers in the not too distant future.

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 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 the international trade through the elimination or reduction of trade barriers (import tariffs).

Globalisation refers to the increasing integration of the economies around the world, to the 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: Free Trade Agreements (FTA) and partial scope agreements account for 90%, while customs unions account for less than 10%.

Azim Premji

Kazuo Inamori

(c) EENI Business School & HA University