Ruby IBUS20002 Week 2 2017_Globalisation (1)_final.pdf - IBUS20002 BUSINESS IN THE GLOBAL ECONOMY Week 2 Intro to Globalisation Continued Dark side of

Ruby IBUS20002 Week 2 2017_Globalisation (1)_final.pdf -...

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IBUS20002 BUSINESS IN THE GLOBAL ECONOMYDr. Ruby RanjanSemester 22017Week 2Intro to Globalisation Continued..Dark side of Globalisation and Black IB
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TodayAssignment 1 GuidelinesGlobalisationThe Evidence (cont’n)Some positive and negative consequences explained
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Admin mattersTutorial tasks for every week uploaded on LMS in advance of tutesTute readings under Readings Online>‘Tutorial Readings’
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Guidelines Assignment 11,200 word individual essay worth 15%Guidelines on LMSTask: Closed economy looking at the globalisation outcomes of an open one with the aim of learning what trade, investment and other relevant policies might make for a more sustainable experiencePay attention to task requirements and marking criteriaMarks largely on critical analysis and relevant policy prescriptions based on experience of choice countryUse reputable news sources, journals, etc.Ensure proper referencing and quality of writing Submission by 11.59pm, 19 Aug, via “Assignment Submission” tab on LMS (no hard copies please)
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Recall: Subject StructureFrom macro-to micro-level ofanalysisi.e. from world-to country- to firm-perspective. Week No.commencingLecture Topic128 JulyIntroduction to Globalisation24 AugustGlobalisation continued; Dark side of Globalisation and Black IB311 AugustGlobalisation as a Political Project: Governance issues418 AugustWhat makes nations different?: Cultural Context 525 AugustWhat makes nations different?: Political, Economic & Legal Context (1) 61 SeptPolitical, Economic and Legal Context (2)Emerging Markets78 SeptTheories of trade and investment815 SeptMarket selection and market entry922 SeptMNE Strategy106 OctEthics and MNEs1113 OctSustainable IB1220 OctRevision and Exam Preparation
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Recall subject objectiveDescribe the global business environment’s main features, identifying the nature and role of its main organisations and institutions;
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Globalisation debateWorld is flat:Thomas Friedman 2006https://Globalisation myth- Pankaj Ghemawat 2012U
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Recall Globalisation: IntroductionLast week: Definitions and drivers of globalisation“Ongoing economic integration and growing interdependency of countries worldwide namely through trade and investment” –Cavusgil et al (text book pg. 31)Drivers of globalisation1.Emergence (and charter extension) of supranational institutions (at a regional or global level)2.Liberalisation of trade and foreign investment3.Technological changes: the world “has become smaller”4.Mass media (e.g. satellite TV) and Internet
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9Globalisation and Global economyGlobalisationisThe shift towards a more integrated and interdependent world economy Two components:The globalization of marketsThe globalization of production
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Globalisation of MarketsThe merging of distinctly separate national markets into a global marketplace. Tastes and preferences converge onto a global norm.
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