Characteristics Of The Global Economy

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Register to read the introduction… Changing Characteristics of the Global
Economy
• The stock of FDI by the world’s six most important national sources

Changing Characteristics of the Global
Economy
• The sustained growth in cross-border flows of FDI and the emergence of developing nations as important destinations for FDI

Changing Characteristics of the Global
Economy
• The Changing Nature of Multinational Enterprises (MNEs)
– Non-US Multinationals
 The growth of MNEs (any business that has productive activities in two or more countries) from Japan, European nations, Australia and New
Zealand after World War II
 Expected growth of new MNEs from the world's developing nations

Changing Characteristics of the Global
Economy
• The Changing Nature of Multinational Enterprises
(MNEs) (Cont’d)
– Examples of MNEs from the developing nations on the UN’s
Top 100 list
 Hutchison Whampoa of Hong Kong, China, which ranked 16 in terms of foreign assets
 Singtel of Singapore
 Petronas of Malaysia
 Samsung of Korea

Changing Characteristics of the Global
Economy
• The Changing Nature of Multinational Enterprises
…show more content…
Globalisation Debate
• Globalisation and National Sovereignty
– Critics of globalisation worry that economic power is shifting away from national governments and towards supranational organisations such as the World Trade Organization (WTO), the European Union (EU) and the United Nations.

Globalisation Debate
• Globalisation and the World’s Poor
– Critics of globalisation argue that the gap between rich and poor has gotten wider and that the benefits of globalisation have not been shared equally.
– Supporters of free trade suggest that the actions of governments have brought limited economic improvement in many countries.

Managing in the Global Marketplace
• Managing an international business is different from managing a domestic business
– Countries differ.
– Managers face a greater and more complex range of problems.
– International companies must work within the limits imposed by governmental intervention and the global trading system.
– International transactions require converting funds and being susceptible to exchange rate

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