Introduction

Introduction - ECONOMICS OF GLOBAL BUSINESS Introduction...

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Unformatted text preview: ECONOMICS OF GLOBAL BUSINESS Introduction Should EGB be a core course for all Stern undergraduates? Why? YES!!! GLOBALIZATION WHAT IS GLOBALIZATION ? Rate of Growth of World of Portfolio Investments > Rate of growth of World Foreign Direct Investments Rate of growth of > World Trade Rate of growth > World GDP EXAMPLE – U.S AUTO INDUSTRY 21ST CENTURY 1980S & 90S BIG 2 + FiatChrysler BIG 3 + + JAP, EUR , KOR & JAP, EUR &KOREAN OTHER IMPORTS IMPORTS + + JAP, EURO &KOREAN JAP, EURO 70S & 80S BIG 3 + JAP, EUR IMPORTS 1960S BIG 3 WILL GLOBALIZATION CONTINUE ? GATT/WTO – every round of GATT has increased countries, products and percentage cuts in tariffs Technology - Telecommunication, Computers and Microprocessors Travel and Transportation Spread of Democratic Capitalism, Deregulation and Privatization ...
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This note was uploaded on 11/07/2010 for the course ECON 0001 taught by Professor Kitsikopoulos during the Spring '08 term at NYU.

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Introduction - ECONOMICS OF GLOBAL BUSINESS Introduction...

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