INTB 1209 Lecture Notes - Lecture 1: Socialist Economics
27 Jan 2016
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Reading assignment from previous class: understand the term globalization". Describe the changing nature of global economy. Explain the main arguments in the debate over the impact of globalization. Understand how the process of globalization is creating opportunities and challenges for business managers. Globalization refers to the trend towards a more integrated global economic system. Fewer self-contained national economies with high barriers to cross-border trade and investment. A more integrated global economic system with lower barriers to trade and investment. Over trillion in foreign exchange transaction daily. There are two key facets to globalization, they are: Globalization of market refers to the merging of historically distinct and separate national markets into one huge global marketplace. Tastes and preferences differ in different countries and companies worldwide serve as examples, demonstrating both the good and the bad sides of market globalization: example a: general motors. A positive example of globalization in market is general motors":
