PART 1 Globalisation

CHAPTER 1 GLOBALISATION
 
 
Contents
 
I. Chapter outline. 2
II. Chapter summary. 3
Introduction. 4
What is globalisation?. 5
The emergence of global institutions. 5
Drivers of globalisation. 6
The changing shape of the global economy. 7
The globalisation debate. 9
Managing in the global marketplace: what’s the difference?. 11
III. Key terms. 13
IV. Chapter overview.. 14
V. International Business Graduate Attributes (IBGAs): Learning and Assessment Tasks. 15
IBGA1: Discipline Knowledge and Skills. 15
IBGA5: Communication. 16
IBGA7: Global Perspective. 18
IBGA9: Citizenship. 20
IBGA1: Discipline Knowledge and Skills. 21
IBGA2: Critical Analysis. 21
VI. Chapter vignettes. 22
Management Focus: The globalisation of production at Boeing. 22
Country Focus: China: Belt and Road Initiative. 24
Management Focus: Who makes the Apple iPhone?. 25
Emerging Markets: India’s IT software sector 26
VII. Opening Case Analysis: Kaihara: Globalisation of a shinise, a long-lived company. 27
VIII. Closing Case Analysis: Global innovation through the mobility of ideas and talent 29
 

 

I. Chapter outline

 
 
Opening case: Kaihara: Globalisation of a shinise, a long-lived company
Introduction
What is globalisation?
The globalisation of markets
The globalisation of production
The emergence of global institutions
Drivers of globalisation
Declining trade and investment barriers
The role of technological change
Implications for the globalisation of production and markets
The changing shape of the global economy
The changing world output and world trade picture
The changing foreign direct investment picture
The changing nature of the multinational enterprise
The changing world order
The global economy of the 21st century: The Emerging Markets Century?
The globalisation debate
Anti-globalisation protests
Globalisation, jobs and income inequality
Globalisation, labour policies and the environment
Globalisation and national sovereignty
Globalisation and the world’s poor
Managing in the global marketplace: What’s the difference?
Key terms
Summary
International business graduate attributes (IBGAs): Learning and assessment tasks
Closing case: Globalisation through the mobility of ideas and talent
 

II. Chapter summary

 
International Business Graduate Attributes (IBGAs)
 
This chapter’s content, learning resources and case studies provide the opportunity to develop a number of International Business Graduate Attributes (IBGAs), including the following:

• IBGA1 Discipline Knowledge and Skills
• IBGA2 Critical Analysis
• IBGA5 Communication
• IBGA7 Global Perspective
• IBGA9 Citizenship

 
Learning Objectives
 
LO 1.1    Explain the process and drivers of globalisation and the opportunities and challenges it creates for business.
LO 1.2    Illustrate how the global economy has changed over the past 50 years.
LO 1.3    Justify the labelling of the 21st century as the emerging markets century.
LO 1.4    Debate the impact of globalisation on issues such as job security, income inequality and the environment.
LO 1.5    Compare how the management of international business differs from the management of domestic business.
 
 
 
 

 
Chapter outline with lecture notes and teaching tips
 

Introduction