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Chapter 1: Globalization

Only multinational giants facilitate and benefit from the globalization of markets. The most global markets currently are markets for consumer products. | CHAPTER 1 GLOBALIZATION 1 I. Definition II. Components III. Drivers 2 2 I. Definition The world is moving away from . national economies to . . global economic system 3 3 II. Components 4 Globalization of Globalization of . 4 1. Globalization of markets 5 The merging of historically distinct and . national markets into . global marketplace 5 Only multinational giants facilitate and benefit from the globalization of markets. The most global markets currently are markets for consumer products. 6 6 2. Globalization of production The sourcing of goods and services from locations around the globe to take advantages of national differences in the and of production factors. 7 7 Vizio flat panel TV is designed in a small office in . assembled in From panels made in electronic components made in microprocessors made in the III. Drivers 9 in trade/investment barriers change 9 Supporters Critics Jobs and income Labor policies and environment National sovereignty The world’s poor 10 | CHAPTER 1 GLOBALIZATION 1 I. Definition II. Components III. Drivers 2 2 I. Definition The world is moving away from . national economies to . . global economic system 3 3 II. Components 4 Globalization of Globalization of . 4 1. Globalization of markets 5 The merging of historically distinct and . national markets into . global marketplace 5 Only multinational giants facilitate and benefit from the globalization of markets. The most global markets currently are markets for consumer products. 6 6 2. Globalization of production The sourcing of goods and services from locations around the globe to take advantages of national differences in the and of production factors. 7 7 Vizio flat panel TV is designed in a small office in . assembled in From panels made in electronic components made in microprocessors made in the III. Drivers 9 in trade/investment barriers change 9 Supporters Critics Jobs and income Labor policies and environment National sovereignty The world’s poor 10 | CHAPTER 1 GLOBALIZATION 1 I. Definition II. Components III. Drivers 2 2 I. Definition The world is moving away from . national economies to . . global economic system 3 3 II. Components 4 Globalization of Globalization of . 4 1. Globalization of markets 5 The merging of historically distinct and . national markets into . global marketplace 5 Only multinational giants facilitate and benefit from the globalization of markets. The most global markets currently are markets for consumer products. 6 6 2. Globalization of production The sourcing of goods and services from locations around the globe to take advantages of national differences in the and of production factors. 7 7 Vizio flat panel TV is designed in a small office in . assembled in From panels made in electronic components made in microprocessors made in the III. Drivers 9 in trade/investment barriers .