BUS201 Lecture Notes - Lecture 5: Elite, Blue-Collar Worker, Free Lunch
13 Oct 2016
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Document Summary
We are the winners from globalization, have the skills and aptitude to deal with it. Losers are people who have significantly lower education, cannot compete, blue collar people. Picture shows where there is a lot of economic activity. Globalization is doing business with those dots of light, connecting with, interacting with any other dots of light. Anywhere in the dots of light is where economic activity is happening. Economic power, this map reflects the two elements of globalization- good and bad in globalization. If you are somehow in a business, the good news is every dots of light constitutes a potential customer (good news) as well as a potential competitor (bad news) It implies competition, if you are not the smartest, best and cheapest at what you do, if somebody out there i(cid:374) a(cid:374)(cid:455) o(cid:374)e of these dots of lights (cid:894)does(cid:374)"t (cid:373)atter (cid:449)here(cid:895) (cid:272)a(cid:374) do it (cid:271)etter, (cid:455)ou (cid:449)ill die.
