Lecture 8 Globalization

Lecture 8 Globalization - Lecture8 Globalization...

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1 Lecture 8  Globalization  What is the meaning of globalization and what are  its driving forces?  Has Canada gained or lost in the  new global economy? Chapter 7: Karakowsky Additional readings on Tariffs and Softwood Lumber Film: Life and Debt Case: Softwood Lumber (p. 287)   Foreign Investment Laws (K. p.289)
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2 A process involving the integration of world  economies – facilitated by bodies such as  NAFTA, EU, APEC, ASEAN etc. The integration of world markets Free movement of goods/service, capital and  labour economic interdependence DEFINING GLOBALIZATION
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3 MODES OF FOREIGN MARKET ENTRY What strategies can firms use to sell globally?  (channels for global business) Exporting goods/services Contractual agreements and Strategic Alliances: Outsourcing Licensing/Franchising Marketing/distribution agreements Foreign Direct Investment: Joint ventures Wholly-owned subsidiaries (greenfield ventures or  acquisitions)
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4 THE BORDERLESS CORPORATION Transnational Corporations  Indicates that the  nationality  of the  organization is unclear There is no  allegiance  to a particular  country or location e.g. Nestle, Coca Cola, McDonalds, Nortel Financial, technological, human…capital  are easily transferred between countries international Firms follow the profits!!
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5 BENEFITS THREATS Economic development  e.g. creates employment No allegiance to host country Brings management expertise Mobile profits Introduces new technology Power held in home country  International trade Difficult to control Unites cultures & nations
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This note was uploaded on 04/06/2010 for the course LAPS ADMS 1000 taught by Professor Lastry during the Winter '10 term at York University.

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Lecture 8 Globalization - Lecture8 Globalization...

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