Test 1 Review IB 350 - CHAPTER 1 Readings China Article Financial Times Article Business publication going to pro free trade 1 China has taken US jobs 2

Test 1 Review IB 350 - CHAPTER 1 Readings China Article...

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CHAPTER 1 Readings: China Article: Financial Times Article: Business publication going to pro free trade 1. China has taken US jobs 2. US manufacturing dropped 3. Consumer demand in rich countries has shifted from product to services 4. Loss of factory jobs more to do to automation than offshoring Slides/Lecture: Global Economy Globalization 1.What is promoting it, threatening it, the future is certain 2.What is our role? a.We are consumers b.We are voters choose policy c.We are businesses 3.What is the right outcome LEARNING GOALS 1. What is globalisation? a. Distinct national markets merging into global markets b. Many global markets for certain industries/product c. No one global market d. We can produce/sell/consume from all over the world e. A company: only to consumers (Loreal) i. Very complicated ii. Markets differ, people different wants/culture f. B company: to consumers and businesses (Dell) g. C company: only to businesses (Factory parts) i. Most easy to go global 2.What are the major forces?
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3.What are the major trends? 4.Is it positive or negative?
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  • Spring '08
  • Gerber
  • International Trade, World Trade Organization, IB 350 Test Review Notes

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