Wk12_1301_Globalization - Week12 1 Articlesofinterest...

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1 Canadian Business in its Social Context Week 12 Globalization and Multiculturalism
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Articles of interest A couple of articles from Business Ethics Blog: http://businessethicsblog.com/2010/11/18/mba-ethics-education-speaking-up/  http://businessethicsblog.com/2010/11/21/can-employers-tell-employees-what-to-   And one from G.Monbiot’s blog relating to equivalent of UK’s PPP (PFI) projects: http://www.monbiot.com/archives/2010/11/22/the-uks-odious-debts/   Business & ethics – Google page ranking http://www.itbusiness.ca/it/client/en/home/News.asp?id=60240   2
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3 Chapter 15 Outline Globalization and Implications for Business The Debate over Globalization International Non-governmental  Organizations Institutions of Globalization Globalization and Canadian Business and  Society Standards of Conduct for Global Business Special Challenges of Global Business The Acceptance of Global Capitalism
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4 Globalization: What is it? Globalization:  the  merging of  previously  domestic spaces  and issues into  one multifaceted  and interconnected  transnational  global village. 
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Globalization A term used to describe the growing  interdependence of people around the  world with regard to societal influence,  economies, and cultural exchanges Refers to the increasing economic  integration and interdependence of  countries A global movement to increase the flow  of goods, services, people, real capital,  and money across national borders in  order to create a more integrated and  interdependent world economy 5
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6 Big  bold  message ____________________________________________________________________________________________________________ Globalization extends the  Boulding Triangle  beyond  national borders
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7 Defining Globalization Globalization a process of decreasing  constraints on the interactions among the nations  and peoples of the world. Economic globalization the integration of  fragmented markets into a global economy. Political globalization the process by which world  power relationships change, and there is a loss  of sovereignty by the state. Social or cultural globalization the emergence of  a worldwide cultural system.
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8 The principle of  exclusion Exclusion  describes the situation in which  advances  in (information) technology is  creating a  marginalized class of people   and countries – those who can only offer  their own  labour  to generate capital.  In the  knowledge based economy , capital can be  generated without manual labour
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9 Globalization: Key Drivers Market Cost Competition Government Technology
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10 Globalization: Key Drivers Market  Drivers New markets Strategic alliances Demand for products
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11 Globalization: Key Drivers Cost  Drivers Source of  inexpensive labour Cheaper raw  materials New sources of   capital
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