1. Globalization and International business

2. We experience international transactions daily Imports and exports reach even remote areas Technology and e-biz promote trade Consumers and companies pull markets closer Globalization Involves:

3. International Business

4. Trend toward greater economic, cultural, political and technological interdependence among national institutions and economies Globalization of markets Convergence in buyer preferences in markets around the world Globalization of production Dispersal of production activities worldwide to minimize costs or maximize quality Globalization

5. Globalization of markets Globalization of production Reduces marketing costs New market opportunities Levels income stream Reduces marketing costs New market opportunities Levels income stream Access lower-cost labor Access technical expertise Access production inputs Access lower-cost labor Access technical expertise Access production inputs Benefits of Globalization

6. Physical security Digital security Reputational risk Examine company vulnerability and create a disaster recovery plan Guard proprietary information and confidential communications Require ethical and lawful behavior from all employees and business partners Challenges to Business

7. Regional trade agreements GATT WTO Remove barriers to trade and investment Globalization Drivers I

8. Trade Exceeds Output

9. Email and videoconferencing Internet, intranets, and extranets Transportation advancements Better coordination and control Improved communications and management More efficient, dependable shipping Globalization Drivers II Technological Innovation

10. Measuring Globalization

11. Highly mobile labor market Fear of jobs moving abroad Backlash among the disaffected Free-flowing capital and trade Globalization Then and Now

12. Violence Rage Carnage Exclusion Legitimacy Reason Civility Debate From Anarchy to Debate

13.  Eliminates jobs in developed nations  Lowers wages in developed nations  Exploits workers in developing nations  Increases wealth and efficiency everywhere  Generates labor market flexibility in developed countries  Advances economies of developing nations Supporters Opponents Jobs and Wages

14. – Globalization lowers labor standards – Weakens protection of the environment – Exploits workers in poor nations + Investment raises labor standards + Open economies most environment friendly + Companies concerned for future markets OpponentsSupporters Labor, Environment, & Markets

15. Communicate effectively Know the customer Emphasize global awareness Market effectively Monitor business environments Analyze problems correctly Advice of Global Managers

16. Income Inequality debate Inequality within nations Poor people in developing nations benefit most from an open economy Inequality between nations Nations open to world trade and investment grow faster than rich nations Global inequality Inequality has fallen, but experts disagree on the extent of the decline 3 2 1

17. Supporters Globalization has benefited societies by helping to spread democracy worldwide Opponents Supranational institutions reduce autonomy of national, regional, and local governments National Sovereignty

18. Opponents Destroys cultural diversity Homogenizes our world Bankrupts local small businesses Supporters Specialize and trade to obtain other goods Import cultural goods from other nations Protects deeper moral and cultural norms Impact on Culture

19. Material Desire A Force for Good Artistic Influence Deeper Values Western Values Culture Matters: The Global Consumer

20. Business that has direct investments abroad in multiple countries Small companies and individuals becoming increasingly active in international trade and investment Adopts a global perspective and engages in international business from or near its inception Multinational Corporation Small Businesses and Entrepreneurs Born Global Firm International Business Players

21. Comparing revenue of the world's 10 most global firms to the gross domestic product of nations How They Stack Up

22. Most exporters have fewer than 50 employees Comprehensive help is available Most products do not need an export license Export financing is available Facts of Small Biz Exporting

23. Global Business Environment