Download Economic Globalization at the Organizational Level (English)

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Not just any global economy…
Capitalist economy, organized around
private ownership and private gain
Driven by profit imperative
Capitalism has inherent globalizing
tendencies, which arise from:
– The drive to minimize costs of
resources and labor
– The drive to maximize sales of new
products in new markets
Consequences of global capitalism include…
– Rise of differentiated core (ownership)
and periphery (labor & resources)
– Export of high-paying manufacturing jobs
from core to periphery
– Export of environmental degradation
from core to periphery
Difference in Degree: Silk Road 130 BC
Difference in Kind: World Trade
Organization (established 1995)
[The WTO’s] main function is to ensure
that trade flows smoothly, predictably,
and freely…. By lowering trade barriers,
the WTO’s system aims to break down
other barriers between peoples and
Road Map
Economic Political
Economic Globalization at the
Organizational Level – Rise of
Transnational Corporations
In 2007…
– About 80,000 TNCs
– About 800,000 affiliates
– About $31,000,000,000,000 sales
TNC – Global Mergers & Acquisitions
(87-06), Global FDI (70-08)
TNCs and the Auto Industry
Economic Globalization at
National Level
Changes what nation-states are: oriented on
economic development
Alternative to GDP is GNH:
Economic Wellness
Environmental Wellness
Physical Wellness
Mental Wellness
Workplace Wellness
Social Wellness
Political Wellness
TNC Sales v. National GNP
Governmental versus Private
Capital Flows into Developing
Countries 1970-95 (State of the World)