Globablization

Globalization - The questions

What are the benefits and costs of globalization for different sectors of the society? (companies, workers, communities)

For years we have seen the benefits of globalization, what risks did we overlook?

What ramifications will the economic downturn have on the pace of globalization?

What model does globalization follow in different countries? in different organizations?

https://www.cia.gov/library/publications/the-world-factbook/index.html

Globalization

Every morning in Africa, a gazelle wakes up.

It knows it must run faster than the fastest lion or it will be killed.

Every morning a lion wakes up.

It knows it must outrun the slowest gazelle or it will starve to death.

It doesn't matter whether you are a lion or a gazelle.

When the sun comes up, you better start running.

(African proverb - from Friedman, 2007)

Definitions

- shift toward a more integrated and interdependent world economy. (Hill, 2008)

- the process of social, political, economic, cultural, and technological integration of countries around the world. (Luthans & Doh, 2009)