GMS 200 Chapter Notes - Chapter 3: Occupational Safety And Health, North American Free Trade Agreement, United Automobile Workers

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Peter Rambert

Document Summary

This is the age of the global economy and business competition are worldwide, rather than local or national in scope. It is also a time heavily influenced by the forces of globalization previous chapters as the process of growing interdependence among the components in the global economy. Some see that effects as a borderless world where economic integration becomes so extreme that nation states hardly matter anymore. We"re moving forward, as pankaj ghemawat calls us, world 3. 0. It"s where nations cooperate in the global economy while still respecting one another"s national characters and special interests,. They balance economic gains of global integration with local needs and priorities. In other words, world 3. 0 is globalization in which national identities remain strong even as the opportunities of the global economy are sought. The term used to describe management in businesses and organizations with interests in more than one country are global management, and there is no denying its importance.