MGMT 110 Lecture Notes - Lecture 11: Consumerism, Online Shopping, Global Brain
Week 11 – Managing Globalisation
Globalisation
• Free markets
• Trade with anyone around the world, not confined to the country you are in
• Removal of trade barriers → import tariffs, import quotas, import bans
• How international corporations assert their power over others. Based in tax havens
→ paying zero or marginal tax
- E.g. google is ot fouded i oe patiula outy so they a ague they do’t
have to pay tax to anyone
• International TV
• Cost of transportation has dropped 65% since 1930 due to lower fuel prices and new
forms of transportation – container shipping
• New markets and opportunities for cheap production
• Non-Governmental Organisations (NGO), e.g. Amnesty International, can influence
politics
Gloalizatio efes to a multidimensional set of social processes that create, multiply,
stretch, and intensify worldwide social interdependencies and exchanges while at the same
time fostering in people a growing awareness of deepening connections between the local
ad the distat. “tege , p
What is the Globalisatio pheoeo?
According to Clegg et al 2006:
• The worldwide integration in virtually every sphere achieved principally through
markets
• A process whereby the world becomes more interconnected and the fates of those
people and organisations in it become more intertwined
• In business terms, globalization means business without frontiers, crossing national
boundaries, and dealing with the world, not just the home base
Dimensions of Globalisation
• Economic → global trade, world financial markets, multinationals, networking,
international trade and business, new labour markets, new development
cooperation
• Political → Human rights, international terrorism, war and new security problems, IP
rights, Trade blocs (EU, NAFTA, ASEAN)
• Ecological → sustainability, use of common resources and legislation
• Social/Cultural → society of different identities (local, political, gender, family,
religion, national, individual, and social)
The Globalizing World
Idetify Thoas Feida’s eas of gloalisatio
1. Globalisation 1.0 – 1492-1800s. Shrunk the world from size large to medium.
Characterised by countries globalizing
2. Globalisation 2.0 – early 1820s-2000. Shrunk the world from size medium to size
small. Characterised by companies globalizing
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Globalisation: free markets, trade with anyone around the world, not confined to the country you are in, removal of trade barriers import tariffs, import quotas, import bans, how international corporations assert their power over others. E. g. google is (cid:374)ot fou(cid:374)ded i(cid:374) o(cid:374)e pa(cid:396)ti(cid:272)ula(cid:396) (cid:272)ou(cid:374)t(cid:396)y so they (cid:272)a(cid:374) a(cid:396)gue they do(cid:374)"t have to pay tax to anyone. According to clegg et al 2006: the worldwide integration in virtually every sphere achieved principally through markets, a process whereby the world becomes more interconnected and the fates of those people and organisations in it become more intertwined. In business terms, globalization means business without frontiers, crossing national boundaries, and dealing with the world, not just the home base. Ide(cid:374)tify tho(cid:373)as f(cid:396)eid(cid:373)a(cid:374)"s (cid:1007) e(cid:396)as of glo(cid:271)alisatio(cid:374: globalisation 1. 0 1492-1800s. Shrunk the world from size large to medium. Characterised by countries globalizing: globalisation 2. 0 early 1820s-2000. Shrunk the world from size medium to size small. Characterised by companies globalizing: globalisation 3. 0 2000-present.
