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Department
Administrative Studies
Course
ADMS 1000
Professor
All Professors
Semester
Summer

Description
Introduction to Administrative Studies ADMS1000 – Summer 2012 – Eytan Lasry Lecture 7 – The Global Context [Part 1] – June 26 Defining Globalization - A process involving the integration of world economies – facilitated by bodies such as NAFTA, EU, APEC, ASEAN etc. - The integration of world markets - Free movement of goods/services, capital and labour is critical to globalization - Increased cross border transactions, FDI & economic interdependence Channels of Global Business Activity - What strategies can firms use to do business abroad? o Exporting goods/services o Contractual agreements and Strategic Alliances:  Outsourcing  Licensing/Franchising  Marketing/distribution agreements o Foreign Direct Investment:  Joint ventures  Wholly-owned subsidiaries (greenfield ventures or acquisitions) The Borderless Corporation – Transnational Corporations - Indicates that the nationality of the organization is unclear - There is no allegiance to a particular country or location o e.g. Nestle, Coca Cola, McDonalds… - Financial, technological, human…capital are easily transferred between countries - Ownership & management are international - Firms follow the profits!! International Trade - The purchase, sale or exchange of goods or services across countries. - The Logic of Trade: encourages nations to specialize in goods/services in which they are most efficient and trade with other countries for goods/services not produced domestically. o Comparative Advantage (David Ricardo) International Trade: A Brief History - Mercantilism (1500-1800): encourages trade surpluses where exports of goods or services exceeds imports. o Colonial powers (Britain, France, Spain, Netherlands) conquered countries
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