SOSC 2800 Lecture Notes - Lecture 8: International Accounting Standards Board, Libor Scandal, Syrian Civil War

42 views4 pages

Document Summary

No government has resources to resist forces of capitalism - capital ows so freely and quickly among countries. 2008 - multinational corporations - accounted for 1/3 of world"s output - 70% of world trade - key players in global economy - control majority of production and distribution - effects livelihoods of millions. People with own cultures/world views also crossing borders both legally and illegally - global signi cance. E. g islamic state - global player wanting to break boundaries. With globalization - need global collaboration to address global problems - transnational issues. Transnational regulations + rule of law emerge. Bodies such as the imf and world bank. Stretched social, economic, and political activities - across distant geographic locations. Events and decisions in one part of world has signi cance and repercussions for other regions and people. Eg. syrian civil war - millions eeing, refugees, problem in 1 country affects others.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers