2013-geb lecture 1
TRANSCRIPT
8/11/2019 2013-GEB Lecture 1
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GLOBAL ENVIRONMENT
OF BUSINESS
Lecture 1
Jimmy Donaghey
8/11/2019 2013-GEB Lecture 1
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Module rationale
Structure of module
Lectures and seminarsReadings
Assessment
What is the Global environment of business?
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StructureLectures held on TuesdaysPlease go to the lecture to which you are
assigned
Seminars the following wee
!o core te"t boo#ssential readings to be su$$lied in seminar
$acsAdditional reading to be sourced by students
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Assessment Term % e"am
Term %
Revision class
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G#& and G'PG#&(ocus on global economic and governance
trendsGlobalisation
)arieties of ca$italism
*+shoring
Migration
Gloabl governance etc
Global 'ntegrative $ro,ectA$$lication to national conte"ts
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Module rationale&usiness set against a com$le" bacground
#nvironment within which it is set $lays a ey
role in sha$ing business-society relationshi$s'm$ossible to e"amine all as$ectsModule covers general idea of globalisation and
national economic systems alongside trends
such as.or$orate governance
Regional governance
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Module themesGlobalisation/ nations and economic
governance0rivers and e+ects of globalisation
Sources of national economic diversity
Governing the globalised economy.or$orate governance/ the state and regional
governance
Trends in the environment Taeovers/ migration/ o+shoring and out
sourcing
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The e+ect of increased internationalisation ongovernance systems!ations states increasingly sub,ect to maret
$ressures
The relationshi$ between international$rocesses and their e+ects on nationalsystems!ational governance v international governance
!ational governance v national governance.om$etition between states
The two levels of international
conte"t
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'ndustrial revolution im$acted di+erent countries atdi+erent times and in di+erent ways
Welfare states and trade unions develo$ed along
$atterns determined in nationally s$eci1c conte"ts2S develo$ed a highly maret driven system
Post WW3 saw the emergence of communisteconomies/ $articularly in .##
West #uro$ean economies develo$ed ca$italisteconomies with more social $rotection and worersright- role of social-democratic governments
.onte"t
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Marets and Maret failuresPrevent of rent seeing behaviour
!eed for orderly transactionsReducing transaction costs
'nstitutions act as a means of structuringbehaviour
They also act as resources
!eed for governance and role of
institutions
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!orth 43556789umanly devised constraints on human
interaction: .onstraints are both formal rules and informal
$ractices
.rouch 4;66<78$atterns of human action and relationshi$s that
$ersists and re$roduce themselves over time/inde$endently of the identity of the biologicalindividuals $erforming them:
Marets are one form of institution
'nstitutions and economic
governance
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.or$orate Governance regime
Systems of 1nance
#m$loyment systemsWelfare states
Role of interest grou$s
The im$act of institutions
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P#STL# analysisPolitical
#conomic
Socio-cultural
Technological
Legal
#nvironmental
Tool to conce$tualise di+erences in economiesbut danger of oversim$li1cation of categories
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SummaryModule to introduce Globalisation/ its drivers
and e+ects on environment
Res$onses to globalisation in terms ofnational res$onses and res$onses of ca$ital
G'P then to a$$ly nowledge to s$eci1ccountry conte"t