(See related pages)
- Understand what is meant by the term globalization.
- Be familiar with the main causes of globalization.
- Understand why globalization is now proceeding at a rapid rate.
- Appreciate how changing international trade patterns, foreign direct investment flows, differences in economic growth rates among countries, and the rise of new multinational corporations are all changing the nature of the world economy.
- Have a good grasp of the main arguments in the debate over the impact of globalization on job security, income levels, labor and environmental policies, and national sovereignty.
- Appreciate that the process of globalization is giving rise to numerous opportunities and challenges that business managers must confront.
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