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Globalization
The contemporary era of globalization demonstrates that the local and global aspects of business and government are increasingly intertwined. Over the past fifty years, international business has evolved from the realm of the largest multinational corporations to the base scenario; every business and every citizen who participates in economic activity—by creating, buying, and selling products and services—is now a member of the global economy. But moving our thinking and actions beyond the local sphere is both challenging and problematic; the international domain is more complex, and introduces a new dimension of risks and uncertainties. Yet it it also ripe for business opportunity and wealth creation for those who learn how to navigate in it.

Globalization defines and makes sense of the workings of the global economy—and how it influences businesses and individuals on a local scale. Each chapter identifies common questions and issues that have gained exposure in the popular media—such as outsourcing, the high cost of international travel, and the impact of a fast–growing China—to illustrate underlying drivers and mechanisms at work. Covering international trade, national wealth disparities (the haves vs. the have-nots), foreign investment, and geographical and cultural issues, and supported with illustrations, maps, charts, a glossary and timeline of key events, this volume illuminates the dynamics of the global economy and informs readers of its profound impact on our daily lives.

1117793237
Globalization
The contemporary era of globalization demonstrates that the local and global aspects of business and government are increasingly intertwined. Over the past fifty years, international business has evolved from the realm of the largest multinational corporations to the base scenario; every business and every citizen who participates in economic activity—by creating, buying, and selling products and services—is now a member of the global economy. But moving our thinking and actions beyond the local sphere is both challenging and problematic; the international domain is more complex, and introduces a new dimension of risks and uncertainties. Yet it it also ripe for business opportunity and wealth creation for those who learn how to navigate in it.

Globalization defines and makes sense of the workings of the global economy—and how it influences businesses and individuals on a local scale. Each chapter identifies common questions and issues that have gained exposure in the popular media—such as outsourcing, the high cost of international travel, and the impact of a fast–growing China—to illustrate underlying drivers and mechanisms at work. Covering international trade, national wealth disparities (the haves vs. the have-nots), foreign investment, and geographical and cultural issues, and supported with illustrations, maps, charts, a glossary and timeline of key events, this volume illuminates the dynamics of the global economy and informs readers of its profound impact on our daily lives.

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Globalization

Globalization

by Donald J. Boudreaux
Globalization
Add to Wishlist
Globalization

Globalization

by Donald J. Boudreaux

Overview

The contemporary era of globalization demonstrates that the local and global aspects of business and government are increasingly intertwined. Over the past fifty years, international business has evolved from the realm of the largest multinational corporations to the base scenario; every business and every citizen who participates in economic activity—by creating, buying, and selling products and services—is now a member of the global economy. But moving our thinking and actions beyond the local sphere is both challenging and problematic; the international domain is more complex, and introduces a new dimension of risks and uncertainties. Yet it it also ripe for business opportunity and wealth creation for those who learn how to navigate in it.

Globalization defines and makes sense of the workings of the global economy—and how it influences businesses and individuals on a local scale. Each chapter identifies common questions and issues that have gained exposure in the popular media—such as outsourcing, the high cost of international travel, and the impact of a fast–growing China—to illustrate underlying drivers and mechanisms at work. Covering international trade, national wealth disparities (the haves vs. the have-nots), foreign investment, and geographical and cultural issues, and supported with illustrations, maps, charts, a glossary and timeline of key events, this volume illuminates the dynamics of the global economy and informs readers of its profound impact on our daily lives.

Product Details

ISBN-13: 9780313342141
Publisher: ABC-CLIO, Incorporated
Publication date: 12/30/2007
Series: Greenwood Guides to Business and Economics Series
Sold by: Barnes & Noble
Format: eBook
File size: 562 KB

About the Author

Donald J. Boudreaux is Chairman of the Department of Economics at George Mason University, where he teaches courses in international economics and policy, law and business, and macro- and microeconomics. Previously, he was president of the Foundation for Economic Education, Associate Professor of Legal Studies and Economics at Clemson University, and Assistant Professor of Economics at George Mason University, and has also served as an Olin Visiting Fellow in Law and Economics at the Cornell Law School. He has lectured in the United States, Canada, Latin America, and Europe, on a wide variety of topics, including the nature of law, antitrust law and economics, and international trade. He has published in The Wall Street Jourbanal, Investor's Business Daily, The Washington Times, The Jourbanal of Commerce, as well as several scholarly jourbanals, book reviews, and contributions to books, scholarly websites, and encyclopedias.

Table of Contents

Series Foreword by Wesley B. Truitt
Acknowledgments
1. Globalization: Yesterday and Today
2. Globalization and Material Prosperity: What's at Stake?
3. Why People Trade: The Economic Case for Free Trade
4. Trade, Jobs, and Wages
5. Alleged Exceptions to the Case for Free Trade
6. The Balance of Trade and Trade Deficits
7. The Institutions of Globalization
8. Conclusion
Glossary
Selected Bibliography
Index

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