Student.Surveying the Global Mktplace

Student.Surveying the Global Mktplace - o companies become...

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Page 1 of 2 Outline for: Surveying the Global Marketplace Globalization the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets Think globalization has nothing to do with you? cost of goods and services the type of goods and services available global economy; stock market buying and selling over the internet = global marketplace “Foreign trade:” What does it involve? Almost ½ of so-called ‘foreign trade’ consists of… o foreign branches trading with the US home based company o trading with its own subsidiaries What are the three economically-dominant regions? o north America o easter Europe o asia How ‘international’ is “international” trade? o trade within the economic region o trade agreements o NATA-North American Trade Alliance o US trades with Mexico and Canada Strategic alliances between competitors –
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Unformatted text preview: o companies become clients of each other opposed to only competitors Lag time between globalization of private enterprise and domestic policies that regulate it o Formation of the European Union its global impact o common currency o everyone benefits o standards of living rise Page 2 of 2 o war between these member nations is highly unlikely Positive and negative consequences of global economic development: Positive Negative encourages exchange of info and tech. when this info is available to all, terrorists can access it as well millions of citizens have been lifted out of poverty-new middle class not all countries are benefiting from this rich getting richer faster than the poor are lifted out of poverty rampant corruption Longstanding criticism of globalization globalization takes jobs away from the home child workers sweatshops...
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This note was uploaded on 05/01/2008 for the course SOC 101 taught by Professor Sullivan during the Spring '08 term at ASU.

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Student.Surveying the Global Mktplace - o companies become...

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