Syllabus of the Subject: Globalisation and International Business. Regionalism
The objectives of the Subject “Globalisation” are the following:
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.
Sample of the Subject - Globalisation: 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%. (c) EENI Global Business School (1995-2021) |