1 of 38

Slide Notes

DownloadGo Live

Globalization

Published on Nov 28, 2015

No Description

View Outline

MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

globalization

Mr. Melkonian
Photo by Marco Bellucci
2.

last haikudeck!! :(

3.

globalization

process of creating a global economy: driven by 3 forces
4.

globalization drive by...

  • improved telecommunication
  • computer technology
  • transportation infrastructure
5.

cross-border trade removed for the most part

big increase in volume of international trade
6.

huge international financial system facilitates trade

as well as financing of international trade
Photo by Tax Credits
7.

a lot of people think this is great!

8.

a lot of people aren't cool with it either...

9.

multinational corporation (transnational corporations)

firm that operates in several countries - fundamental for globalization
Photo by holidaygiftnation1
10.

set up shop wherever (pretty much)

communicate from head office (other country)
Photo by williamcho
11.

Engine: Japan, Transmission: US, Winches: Brazil, Axeles: Belgium, Assembly: Ontario

12.

outsourcing

hiring outside contractors to produce either parts or finished products
Photo by Paul Keller
13.

produce things for least amount of money

14.

subsidiary

branch plant, another way of doing international business
Photo by Nicholas Eckhart
15.

if you're selling services?

depend on transfering information online
16.

ireland for us insurance claims

time gap works out handsomely, labor cost is cheaper, they speak English too!
Photo by snailsareslimy
17.

sweatshops

kind of morally grey... depending on who you ask
Photo by Kheel Center, Cornell University
18.

driving world's top economies

has multinationals at the cornerstone
Photo by LA Wad
19.

key multinationals

  • Walmart (not the same name throughout)
  • Exxon Mobil
  • Ford
  • GM
  • DailmerChrysler
20.

removing trade restrictions

Photo by Vicki & Chuck Rogers
21.

major reason?

absolute/comparative advantage - great gains from trade if there's removed barriers for entry
Photo by EmsiProduction
22.

tariffs have been talked down (wto) to some places

from 40ish% to 5ish%... big help
23.

united states was awesome!....

Since this book was written, there's been some change
24.

wto

economists, governments love them! Social activists, environmentalists hate them!
Photo by fuzheado
25.

intellectual property rights

tech patents, recorded music, pharmcutical drugs...
26.

global financial market

banks and large brokerages linked by computer
Photo by flickrPrince
27.

buy and sell stocks, bonds, etc.

Photo by Tax Credits
28.

big firms have specialized employees

bonds, stocks, foreign currency, multinational shares
Photo by StockMonkeys.com
29.

make money from...

charging for services, buying/selling currency, bonds, stocks.
Photo by Jason Michael
30.

small differences in prices of currencies/assets

some of these guys make a lot of money...
31.

developed/underdeveloped

Photo by ^^^ 星翼^^^
32.

high, middle, low income economies

varies how well your standard of living is on average
Photo by MTSOfan
33.

80/20 rule

80% of things controlled/owned by 20% of the world... many economists believe it has to be this way
34.

barriers to economic development

Photo by Bosquet
35.

barriers

  • lack of economic freedom/stability
  • malnutrition
  • low levels of investment
  • population growth
  • dependence on child labour
36.

barries continued

  • natural resource intensive production (imbalance of trade value)
  • debt burden
37.

breaking poverty cycle?

I mean... it can be done, but rich people are horrible
38.

population control

only point I'd definitely agree with - education

Peter Melkonian