Unformatted text preview: Average Tariff Rates on Manufactured
Products as Percent of Value Result: The Shrinking Globe
Result: Impact of the Internet and world
wide Results of Globalization:
Emergence of global institutions
Emergence Post World War II, strong impetus for global institutions.
Regional economic integration moving more quickly. e.g. European Union, NAFTA.
Globalization has accelerated the need for institutions to help manage, regulate and police the global marketplace, such as GATT, WTO,
IMF, World bank, United Nations. Results of Globalization:
Changing There has been a drastic change in the demographics of the world economy in the last 30 years
Changes in four key areas: • World Output and World Trade Picture
• Foreign Direct Investment Picture
• Nature of the Multinational Enterprise
• World Order
1 Changing World Output & World
Trade Changing Foreign Direct
Investment FDI flows (19882008) Changing MNE’s and a
Changing World Order
MNE’s Decline of the U.S. multinationals Emergence...
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