Globalization

Every morning in Africa, a gazelle wakes up.

It knows it must run faster than the fastest lion or it will be killed.

Every morning a lion wakes up.

It knows it must outrun the slowest gazelle or it will starve to death.

It doesn't matter whether you are a lion or a gazelle.

When the sun comes up, you better start running.

(African proverb - from Friedman, 2007)

Luthans and Doh define globalization as "the process of social, political, economic, cultural, and technological integration of countries around the world (8)."

Examples of these include:

mig33 ; Chinese milk Scandal; Satyam scandal; Sony losses


What are the benefits and costs of globalization for different sectors of the society? (companies, workers, communities)

For years we have seen the benefits of globalization, what risks did we overlook?

What ramifications will the economic downturn have on the pace of globalization?

Historical foundations of globalization.

Silk Road

Trans-Saharan Crosss-Continental trade

Agreements

Trade agreements - link to information about trade agreements.

Why do countires form trade agreements?

NAFTA
FTAA
ASEAN
CAFTA
EU


Changing World

BRIC - what countries compose this group? What is the importance of the group?

B Brazil
R Russia
I India
C China

International management requires a working knowledge of the forces involved in global business operations.

MNC

What constitutes classifying a company as a MNC?

What MNC's did you find operating in your countries?

Fortune Global List