Subject (Course): Globalisation and International Business. Regionalism. Syllabus:
The Transatlantic slave trade is considered a crime against the humanity and the first system of Globalisation.
“The essence of globalisation is the localisation” Zhang Ruimin, Managing Director (CEO) of Haier
Objectives of the subject “Globalisation”:
Sample of the subject - Globalisation:
Subject Description: 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 blocks, since the mid 90s, international trade has tended to develop towards 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 globalisation.
Today we witness the emergence of a new economy: the world as a Global market!
A core element of globalisation is the international trade through the elimination or reduction of trade barriers (import tariffs).
Globalisation refers to the increasing integration of economies around the world, to the movement of people (labour) and knowledge (technology) across international borders.
Regionalism is the actions taken by governments to liberalise or facilitate international trade on a regional basis (free trade areas, Free Trade Agreements (FTA), 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 %.