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Globalisation (Costs (Lethal competition to local firms, Negative…
Globalisation
Costs
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Negative attitudes - local authorities, residents, environmentalists
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Fickle employers, moving for profit
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Periods
1
1950s
End of colonial empires
African and Asian independence
Post-war settlements & bodies
IMF, World Bank, GATT, WTO
2
1960-80s
Asian Tigers
Deindustrialisation ofWesternCoreCountries
OPEC
Offshoring
Financial Deregulation
Growth of Money Markets
3
1990s-present
Fall of Soviet Union
Growth of BRIC
Trade Block Growth - EU, NAFTA
Acceleration of Technology
Periods of economic crisis
4
Future
China & India
Emerging economies - Indonesia, Malaysia
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Commercial
Global Marketing
Same thing, same way, everywhere
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