Trends in Global Business

Trends in Global Business Globalization New Tendencies of: Protectionism Nationalism Ethnocentrism Xenophobia

Trends in Global Business Populism Long History in Latin America Recent Phenomenon in Europe, specifically Italy, Sweden, Hungary, and Poland Populism in the in U.S.?

Trends in Global Business Decreasing Power of WTO Trump: We will leave if we have to... Increasing Skepticism about free markets Capitalism’s Waning Popularity China’s Leadership and Capitalism U.S. Views of China Turn Sharply Negative

Trends in Global Business Forces Driving Global Integration: Countries Embracing a Free Market Economy Regional Trade Agreements Political Changes towards Democracy Homogenous Consumer Telecommunication Technology Global Competition

Trends in Global Business Forces Restraining Global Integration: Countries critical of Free Market Economy Political Changes away from Democracy Populism Ethnocentrism Economic and Social Turmoil

Trends in Global Business Increasing Skepticism of Regional Trade Areas EU, NAFTA or USMCA BREXIT Disappointment of Regional Trade Areas ASEAN, MERCOSUR Increasing Importance Multilateral and Bilateral Trade Agreements Overview of U.S. Trade Agreements

Trends in Global Business Large Emerging Markets such as China, Russia. India, and Brazil Russia’s Oil Wealth, Dutch Disease, and Crumbling Democracy India’s two worlds

Environmental—Economic Trends in Global Business Sustainability Economic—Social Ethical business practices Fair trade Worker’s rights “Meeting the needs of the present without compromising the ability of future generations to meet their own needs” Environmental—Economic Energy efficiency Less pollution Environmental-Social Environmental justice Stewards of the environment Adapted from UNLV Urban Sustainability Initiative Presentation https://www.unlv.edu/sites/default/files/24/GenEdPresentation-12-4-08.pdf

Trends in Global Business Sustainability: Fact or Fiction? Fair Trade What is Fair Trade? A Tesla for the U.S. What is the U.S. electricity generation by energy source? What is the Nevada electricity generation by energy source? Are You Saving the Environment by Driving a Tesla A Diesel for Europe Critical evaluation of the European diesel car boom

Trends in Global Business Increasing Divide Between Rich and Poor Gini Index: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html Forget the Top 1%

r ˃ g (r = rate of return on capital and g = rate of growth of economy) „When the rate of return on capital significantly exceeds the growth rate of the economy (as it did through much of history until the nineteenth century and as is likely to be the case again in the twenty-first century), then it logically follows that inherited wealth growth faster than output and income“ Piketty, Thomas (2014), Capital in the twentyfirst Century, p. 26, Cambridge: the Bellnap Press of Harvard University. The Importance of Inheritance (France)

Trends in Global Business Aging Population in most Developed Countries and China Aching Health Care and Retirement Systems Aching Health Care System: U.S. Perspective Why is the US health spending so high? U.S. Health Care Data

Trends in Global Business Offshore Outsourcing of highly skilled labor Deflationary Forces Driven by New Market Economies Low Real Interest Rates due to Global Saving Glut Large Trade Imbalances

Trends in Global Business Perspective of the National Intelligence Council: Global Trends 2030