Firms in the Global Market Place

Document Outline

• Firms in the Global Market Place
• Background of the Course
• Escalating Globalization Since 1950s
• Globalization: Denmark’s Export Products
• Globalization: Denmark’s Export Destinations
• Aims of This Course
• An Example of Production Globalization
• Course Structure: 3 Modules, 12 Topics
• No Textbook
• Course Materials
• Group Business Case Study
• Form Your Group!
• Module 1 The Internationalization of Firms What Makes Firms Go Global?
• Topic 1 Recent Trends: Globalization and International Linkages
• Outline
• Internationalization/Globalization
• Slide 17
• Trade Intensity
• Slide 19
• Leading Traders
• International Economic Power
• Foreign Direct Investment Inflow, by Region
• Foreign Direct Investment Outflow, by Region
• Size of Foreign Direct Investment
• Recent Trends: Trade
• Recent Trends: Trade (con.)
• PowerPoint Presentation
• Slide 28
• Recent Trends: FDI
• Slide 30
• Recent Major Developments
• ICT Revolution
• Phones and Internet
• Increased Trade Liberalization
• Slide 35
• Removal of Man-made Trade Barriers
• Removal of Man-made Trade Barriers (cont’d)
• Deeper Global Trade Integration
• Decrease in Trade Costs
• Transportation and Communication Costs
• Hummels (2007, JEP)
• Political Developments
• Developments in Intra-Industry Trade
• Developments in Intra-Firm Trade
• Slide 45
• A Few Useful Definitions
• International Firm
• The World’s Top Nonfinancial MNCs
• Offshoring & Outsourcing
• Conclusions
• Case Study – Ancient Trade