2. Globalization

2. Globalization - Globalization Investors caught in the 19...

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Unformatted text preview: Globalization Investors caught in the 19 th century railway bubble A Rapidly Changing World ommanding Heights ol Commanding Heights , vol 1 View it online at: ttp://video google com/videoplay?docid= http://video.google.com/videoplay?docid=- 1466397368167658753&q=commanding+heights &total=39&start=0&num=10&so=0&type=search& plindex=0 Globalization Debate yperglobalists Hyperglobalists Global economy is borderless apital information and innovation flow quickly Capital, information and innovation flow quickly enabled by technology keptics Skeptics World economy is not global yet e do have an international economy We do have an international economy Hyperglobalist position Skeptical position Scale needs consideration Firms must consider both global trends Customization for a local market Local example Old versus New Globalization Isnt New 1938 Host Countries 1914 Home Countries 1938 Home Countries 1914 FDI Distribution 1914 Host Rankings 1929 Host Rankings THE 30 members of the OECD made foreign direct investments (FDI) worth $1.12 trillion last year America was the biggest source of money, investing a total of $1.58 trillion. But Belgium and Luxembourg, popular bases for olding companies and special urpose vehicles together come holding companies and special-purpose vehicles, together come second Net outflow HE flow of foreign direct THE flow of foreign direct investment (FDI) fell by 39% in 2009 to just over 1 trillion from a shade $1 trillion, from a shade under $1.7 trillion in 2008, according to the N Conference on Trade UN Conference on Trade and Development. All kinds of investment equity capital, reinvested earnings and intra- company loanswere affected by the downturn. he financial industry saw the The financial industry saw the largest volume of M&A, but the oil industry took the top spot in value terms. Globally, M&A deals were worth $2.8 trillion last year, up om $2.3 trillion in 2009. from $2.3 trillion in 2009. Often a form of FDI LDCs Getting More Involved Developing Countries p g 20.0 140.0 160.0 60.0 80.0 100.0 120.0 Crossborder Purchases % world total 0.0 20.0 40.0 LDCs TNCs Strategies strategies 6 strategies taking brands from local to global turn local engineering excellence into innovation on a global scale going for global leadership in a narrow product category king advantage of natural resources at taking advantage of natural resources at home, and boosting them with first-class marketing and distribution g have a new or better business model to roll out to many different markets Acquire natural resources RDE- rapidly developing economies revious globalization was hallow Previous globalization was shallow primarily through arms-lengths transaction Now its deep integration through transnational production networks Spatial Dispersion...
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2. Globalization - Globalization Investors caught in the 19...

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