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Globalization
Ongoing economic integration and growing interdependency of countries worldwide
4 Reasons Why Globalization is a Big Deal
A contributor to global (national) economic well-being
A competitive advantage for the firm
An activity with societal implications (negatives)
A source of competitive advantage for you
How does globalization contribute to global (national) economic well-being?
Leads to increasing global and national prosperity, including gains in literacy and healthcare
Builds middle class in emerging countries
How does globalization contribute a source of competitive advantage for the firm?
Scale economies —> Increase sales
Location economies
How is globalization an activity with societal implications (negatives)?
Impact on environment
Cheap labor is often located in places that don’t have strict environmental regulations
Job losses in local markets
Disruption of economies
Being a good corporate citizen is extra important
How does globalization contribute a source of competitive advantage for you?
Additional opportunities
Opportunities for more interesting work
Note 
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