Firms in the Global Market Place
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| Background of the Course • Over the last few decades, we have witnessed dramatic changes in the economic environment firms are facing in the waves of globalization. • Firms are now in a more international playground where consumers and producers are located all over the globe. – Driving forces: trade liberalization, declining transportation costs, ICT revolution, the fall of the previous Soviet block… • We also experience recent backlashes against globalization. – US-China trade conflicts, Brexit, COVID-19 Pandemic… • The course focuses on how those changes have affected the way firms behave in the market place from a global view. 2 Escalating Globalization Since 1950s 3 And recent backlash? Globalization: Denmark’s Export Destinations 5 Aims of This Course • Tentative plan: 3 modules, 12 inter-connected topics. 1 topic per week. • Get you familiar with globalization and how it affects firms, for example: – Why are some firms involved in international activities? What are their strategies? – How much productivity, employment, and consumer welfare do global firms contribute to? • Focus on the interaction between globalization and firms’ decisions. – Combines theories, recent evidence, and practical business cases. • Give you a deep understanding of firms’ internationalization strategies and the challenges faced by internationalized firms. • Enable you to analyze practical business situations in a globalized world. 6 An Example of Production Globalization • Different parts of a Dreamliner are produced across the world. 7 Course Structure: 3 Modules, 12 Topics 8 Download 2.5 Mb. Share with your friends:
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