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Trends in Global Business

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Presentation on theme: "Trends in Global Business"— Presentation transcript:

1 Trends in Global Business

2 Trends in Global Business
Globalization Global Decrease of Trade Barriers and Increase of Free Trade Advantages and Disadvantages of Globalization Pew Opinion Poll New Tendencies of Protectionism

3 Trends in Global Business
Populism Long History in Latin America Recent Phenomenon in Europe, specifically Italy, Sweden, Hungary, and Poland Populism in the in U.S.? New Tendencies of Ethnocentrism in Europe Migration Crisis in Europe Current State of the Migration Crisis in Europe?

4 Trends in Global Business
Decreasing Power of WTO Trump: US will quit World Trade Organization unless it 'shapes up ... Increasing Skepticism about free markets Capitalism’s Waning Popularity China’s Leadership and Capitalism Fewer Americans See China Favorably

5 Trends in Global Business
Forces Driving Global Integration: Countries Embracing a Free Market Economy Regional Trade Agreements Political Changes towards Democracy Homogenous Consumer Telecommunication Technology Global Competition

6 Trends in Global Business
Forces Restraining Global Integration: Countries critical of Free Market Economy Political Changes away from Democracy Populism Ethnocentrism Economic and Social Turmoil

7 Trends in Global Business
Increasing Skepticism of Regional Trade Areas EU, NAFTA or USMCA BREXIT Disappointment of Regional Trade Areas ASEAN, MERCOSUR Increasing Importance Multilateral and Bilateral Trade Agreements Overview of U.S. Trade Agreements

8 Trends in Global Business
Large Emerging Markets such as China, Russia. India, and Brazil Russia’s Oil Wealth, Dutch Disease, and Crumbling Democracy India’s two worlds

9 Environmental—Economic
Trends in Global Business Sustainability Economic—Social Ethical business practices Fair trade Worker’s rights “Meeting the needs of the present without compromising the ability of future generations to meet their own needs” Environmental—Economic Energy efficiency Less pollution Environmental-Social Environmental justice Stewards of the environment Adapted from UNLV Urban Sustainability Initiative Presentation

10 Trends in Global Business
Sustainability: Fact or Fiction? Fair Trade What is Fair Trade? A Tesla for the U.S. What is the U.S. electricity generation by energy source? What is the Nevada electricity generation by energy source? Are You Saving the Environment by Driving a Tesla A Diesel for Europe Critical evaluation of the European diesel car boom

11 Trends in Global Business Increasing Divide Between Rich and Poor
Gini Index: Forget the 1%

12 r ˃ g (r = rate of return on capital and g = rate of growth of economy)
„When the rate of return on capital significantly exceeds the growth rate of the economy (as it did through much of history until the nineteenth century and as is likely to be the case again in the twenty-first century), then it logically follows that inherited wealth growth faster than output and income“ Piketty, Thomas (2014), Capital in the twentyfirst Century, p. 26, Cambridge: the Bellnap Press of Harvard University. The Importance of Inheritance (France)

13 Trends in Global Business
Aging Population in most Developed Countries and China Aching Health Care and Retirement Systems Aching Health Care System: U.S. Perspective Why is the US health spending so high? U.S. Health Care Data

14 Trends in Global Business
Offshore Outsourcing of highly skilled labor Deflationary Forces Driven by New Market Economies Low Real Interest Rates due to Global Saving Glut Large Trade Imbalances

15 Trends in Global Business
Perspective of the National Intelligence Council: Global Trends 2030


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