INTL BUS 200 Lecture Notes - Lecture 1: United States Dollar, North American Free Trade Agreement, World Trade Organization
3 Apr 2018
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Measured in u. s. dollars, what is the approximate size of the u. s. economy (u. s. gdp): 17 trillion dollars, although the u (cid:373)akes up o(cid:374)l(cid:455) a(cid:271)out 5% of the (cid:449)o(cid:396)ld"s populatio(cid:374), it p(cid:396)odu(cid:272)es a(cid:271)out (cid:1005)7% of global gdp. Measured in u. s. dollars, what is the approximate size of the global economy (world gdp) According to lecture, in what two major ways does this current wave of globalization differ from globalization in the last few hundred years: current globalization. Individualized: global networks, led by developing countries. If countries wish to prosper, companies and individuals need to adapt to the new realities. Last few hundred years: broad level perspective, led by western countries. What is globalization 1. 0: (cid:862)(cid:272)ou(cid:374)t(cid:396)ies a(cid:374)d (cid:373)us(cid:272)les(cid:863) d(cid:396)o(cid:448)e glo(cid:271)alizatio(cid:374, military force drove global integration (often inspired by religion or imperialism, or a combination of both, driven primarily by europeans and americans. What is globalization 3. 0: 2000-present, shrinking the world from small to tiny.
