Globalization

Subject (Course): Globalization and International Business. Regionalism. Syllabus:

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

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

"The essence of globalization is the localization" Zhang Ruimin, Chief Executive Officer of Haier

Objectives of the subject "Globalization":

1. To learn about trade liberalization and the formation of the World Trade Organization.
2. To identify the positive and adverse effects of globalization.
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 world trade over the last decades.

Sample of the subject - Globalization:

Subject Description - Globalization 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 Organization (WTO), almost all the economies in the World are likely to establish more and more interdependent relationships with each other.

In the 1980's, the world economy was characterized by international trade between large economic blocks, 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.

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, 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, or use a Finnish phone. This is our reality today, which has become possible due to globalization.

Today we witness the emergence of a new economy: the world as a Global market!

A core element of globalization is the international trade through the elimination or reduction of trade barriers (import tariffs).

Azim Premji

Globalization refers to the increasing integration of economies around the world, to the movement of people (labor) and knowledge (technology) across international borders.

Regionalism is the actions taken by governments to liberalize 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 %.

Kazuo Inamori