Fair Trade: Social Movement – improve conditions of direct producers in Third World (raw materials, agricultural goods) 1960s Europe Less that 1/100 of.

Slides:

Advertisements

Similar presentations

Chapter 27: Deindustrialization & Rise of the Service Sector

Advertisements

International Economy and Globalization

Globalization of Corporate R&D - actor network 1 Actors - transnational corporations (TNCs), home and host countries. Degree of globalization - depends.

GLOBAL DIVISION OF LABOR. Political-Economy Material basis (how economy is organised) structures social, political, cultural form (e.g.. Feudalism – de-centralized.

FOREIGN DIRECT INVESTMENT AND ITS POLITICAL ECONOMY

Marxian Political Economy Labor theory of value –Each commodity has a use value and an exchange value –The labor is the only source of value –The exchange.

Chapter 16 LECTURE OUTLINE Geographies of Production and Consumption

Multi-national Corporations & Global Production. Multi-national Corporations Facts about Multi-national Corporations (MNCs) By the end of 1990s, produced.

Dimuth Nambuge Assistant Professor Department of Economics Slovak University of Agriculture Nitra

The future of Industry. Labor most important factor changing location of industry in the 21 st century Shifts within MDC – US – Europe – Japan International.

The collapse of the secondary Industry

Prepared By Prof Alvin So1 SOSC 188 Lecture 14 The Development Project (II): Unravels.

THE UNITED STATES: evidence of relative economic failure and decline in economic competitiveness n Example – John Agnew, The United States.

International Trade Chapter 5.

BA 187 – International Trade

13.1 Early Theories of Internationalization American firms had their infrastructure intact in the 1950s Expanded their marketing and production to Europe,

FOUR BROAD MULTINATIONAL STRATEGIES

The Nature of Manufacturing Four phases –SELECTION: Deciding what is to be produced –ASSEMBLY: Gathering raw materials.

Introduction Advent of ICT Increased integration of market Mobility of people for job and vacation Reach of satellite channels Internet Global Village.

Globalisation Today…. Nature and trends in globalisation: – Growth of global trade – Globalisation of production – Changes in the financial, labour.

Global Markets Introduction

Copyright ©2002, South-Western College Publishing International Economics By Robert J. Carbaugh 8th Edition Chapter 1: The International Economy.

Introduction to Geography Arthur Getis, Judith Getis, & Jerome D. Fellmann.

Globalization IB HL. Definitions Core and Periphery: The concept of a developed core surrounded by an undeveloped periphery. The concept can be applied.

What is Globalization? The stretching of economic, political and cultural activities and their integration at increasingly broader scales Economic Political.

Chapter 1 Globalization McGraw-Hill/Irwin Global Business Today, 4/e © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. Globalization.

Obstacles for Less Developed Countries

Causes and costs of globalisation

Competitiveness. It is the increasing integration of the international economy The Economist has described it as the “The Death of Distance” Globalization.

The Centre of Gravity Shifts: Transforming the Geographies of the Global Economy Global Shift Chapter 2.

Chapter 2 Changing Geographies of the Global Economy.

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin International Factor Movements.

The Global Economy is an economy in which companies compete actively with businesses from all over the world.

12 Globalisation and Multinational Corporations 12 Globalisation and Multinational Corporations.

Global Business Environment The Global business environment & its components.

Globalisation and Multinational Business. Globalisation: Setting the Scene Current issues in the global economy Defining globalisation –global economic.

Motivations and Mentalities of IB and MNCs Multinational Strategies.

INT 200: Global Capitalism and its Discontents Multinational Corporations.

International Banking. Description Cross border cross country facet of banking business May not necessarily own or hold a physical presence offshore Traditional.

Topic 1 Topic 1 The Global Economy The global economy The global economy can be divided into a four main categories: Advanced Economies Emerging Economies.

The Transnational Company Define TNC Describe aims Explain the economic sectors. Explain the function of services and manufacturing.

The Impact Of Multi-National Companies Edited by Sirjan Singh MYP11G.

ECO 121 MACROECONOMICS Lecture Three Aisha Khan Section L & M Spring 2010.

GEOGRAPHY OF SERVICES. GROUP MEMBERS  Le Nguyen Trong Anh  Le Khanh An  Pham Ngoc Anh  Tran Trinh Phuong November,

Causes of Rapid Industrialization 1.Steam Revolution of the 1830s-1850s. 2.The Railroad fueled the growing US economy:  First big business in the US.

TRADE THEORIES ABSOLUTE ADVANTAGE COMPARATIVE ADVANTAGE GAINS FROM TRADE ASSUMPTIONS CRITIQUE OTHER REASONS WHY TRADE IS BENEFICIAL AND WHY TRADE OCCURS.

Globalisation and Multinational Business.  Current issues in the global economy  Defining globalisation ◦ global economic interdependence ◦ implications.

TNCs Lesson Aims: 1.To know what TNCs are and some of their key characteristics. 2.To understand some of the main positive and negative features of TNCs.

Industrialization #2 The future of Industry.

Globalization Unit 5.

Global Assembly Line 1986.

Chapter 1 Trade and investment in a global economy

Changes in Industry.

Economic and Industrial Geography Terms

International Trade Trade Patterns

Getting the most out of a services agreement with the USA

Tests of Trade Models: The Leontief Paradox and its Aftermath

INTERNATIONAL TRADE POLICY

The changing world economy Dr. Truong Thi Kim Chuyen

INTRODUCTION & OVERVIEW

International Factor Movements

International Economy and Globalization

The Theory of Trade and Investment

Tests of Trade Models: The Leontief Paradox and its Aftermath

FURNITURE NEW EUROPEAN SKILLS 2020

World economic Geography

Tests of Trade Models: The Leontief Paradox and its Aftermath

The Environment of Global Trade

How the availability of food has increased??

Presentation transcript:

Fair Trade: Social Movement – improve conditions of direct producers in Third World (raw materials, agricultural goods) 1960s Europe Less that 1/100 of 1% of world trade Critique – a form of subsidy? does not challenge structure of trading system

Structure of International Trade Between Developed Countries Prices of manufactures goods higher than prices of agricultural goods Structural asymmetry between North and South

Transnational Production International Division of Labor Core, Periphery, Semi periphery Skilled/Unskilled New International Division of Labor Post-Fordist, flexible accumulation Service economy Manufacturing – offshore

Raymond-Vernon, Product Life Cycle Innovation, high cost, R and D, technology Innovate in capital/knowledge intensive area - monopoly Technological diffusion- importing countries produce product cheaply Competition increase Cost of production – Variable Cost - labor

Move production off shore Economies of scale Cheaper wages Transnational Corporation – 500 largest in the world in the world 170-US 70 Japan, 38 France, 38 UK Automobiles, computers Wal-Mart Retail 1.8 million employees

Portfolio investment (only financial resources) Foreign Direct Investment (FDI) 1950s and 1960s Horizontal integration of TNC – produce same product in many different countries Toyota produces cars in US and Japan Vertical integration – British Petroleum

Critical theory Susan Strange - costs of transportation, communication, new financial instruments, new technologies Oligopolistic structure of global capital Effects of TNCs on Host Countries? Entrepreneurship New management styles Work cultures, competition

Critique; Local business culture Market concentration HIGH VALUE ADDED IMPORTED Low-skill manufacture in offshore Multiplier effect not possible in host country