Globalization

WED AUG 26

What has facilitated globalization?

How is globalization changing the world?

The world is round vs. the world is flat

“You can innovate without having to emigrate." , allowing individuals to collaborate and share ideas across borders, thereby driving economic growth and cultural exchange.

There's less hierarchy within companies thanks to globalization, leading to more collaborative work environments where diverse teams can harness their collective expertise and creativity.

“The playing field is being leveled."

1. Political integration. EX: The Berlin Wall was a way of preventing a kind of global view of our future

2. Technological innovation. This has enabled rapid communication and information sharing across borders, allowing for unprecedented access to markets and resources.

3. institutional integration. This encompasses the growing interdependence of national economies through international agreements and organizations, such as the World Trade Organization (WTO)

4. Supply chain integration. This process involves the coordination and management of production, distribution, and logistics across multiple countries, enabling companies to optimize their operations and reduce costs.

Challenges of a “flat” world

Domestic policies to compensate those who are hurt from globalization differ vastly

concerns about national security

Supply chain resilience—remember the pandemic?

intensification of geopolitical rivalries

trade wars