globalization broadest sense describes the growing economic and cultural transfers that occur...
TRANSCRIPT
Globalization• broadest sense describes the growing economic
and cultural transfers that occur between nations – (access to the world-wide web, the opening of another McDonald’s or another free trade treaty)
• narrow sense, is used to refer to the increased international traffic of goods and services, as well as the economic policies of trade liberalization
• Our Shrinking World (Transportation)
Globalization could involved all these things
First introduced 1982 – commercial internet late 1980s early 1990’s
Countries with the Highest Number of World Languages Critically Endangered
FREE TRADE AGREEMENTS
ASEAN Free Trade Area (AFTA)Asia-Pacific Trade Agreement (APTA)Central American Integration System (SICA)Central European Free Trade Agreement (CEFTA)Common Market for Eastern and Southern Africa (COMESA)G-3 Free Trade AgreementGreater Arab Free Trade Area (GAFTA)Gulf Cooperation Council (GCC)North American Free Trade Agreement (NAFTA)Pacific accordSouth Asia Free Trade Agreement (SAFTA)Southern African Development CommunitySouthern Common Market (MERCOSUR)Trans-Pacific Strategic Economic Partnership (TPP)
Exploitation
Multinational (MNCs)& Transnational Corporations
(TNCs)
GLOBAL 500 COMPANIES - QUIZ
1.What company headed the Global 500 list in 2010?
Revenue $421,849,000,000
Profits $14,389,000,000
GLOBAL 500 COMPANIES - QUIZ
2. What are the next top four companies on the list?
GLOBAL 500 COMPANIES - QUIZ
3. What country had the most companies on the Global 500 list? How many companies did this country have?
133 down from139 since 2010
GLOBAL 500 COMPANIES - QUIZ
4. What are the next top four countries with the greatest number of Global 500 companies?
68 down from 71 2010
61 up from 46 2010
35 down from 39 2010
34 down from 37 2010
GLOBAL 500 COMPANIES - QUIZ
5. How may Global 500 companies does Canada and India have?
118
GLOBAL 500 COMPANIES - QUIZ
6. What company had the largest revenue?
32,843,000,000 (2011)
GLOBAL 500 COMPANIES - QUIZ
7. What is the name of the largest Canadian Company on the list? Where did this company rank?
Ranked #240 down from 208 in 2010 - $35,144,000,000
GLOBAL 500 COMPANIES - QUIZ
8. Name Canada’s other Global 500 companies.
2. Royal Bank of Canada (262)3. Suncor Energy (268)4. Power Corp. of Canada (299)5. George Weston (Food) (310)6. Toronto-Dominion Bank (310)Canada7. Magna International (automotive) (401)
8. Sun-Life Financial (406)9. Onex (investment firm) (412)10. Bank of Nova Scotia (425)11. Research in Motion (490)
GLOBAL 500 COMPANIES - QUIZ
9. Estimate the number of Global 500 companies that have their head offices in
2010 2011The Core:
Semi Periphery:
Periphery:
415 (83%) 307 (81%)
85 ( 17%) 93 (19%)
0 (0%) 0 (0%)
Cities
GLOBAL 500 COMPANIES - QUIZ
10. How Fortune Global 500 companies are run by women
12 (3%)Women CEOs
Table 1: Top 10 Global 500 Countries - 2005 Rank Company Focus Country Revenu (US $
millions) 1 Walmart Retail United States 287,989.0
2 BP Oil & Gas United Kingdom
285,059.0
3 Exxon Mobile Oil & Gas United States 270,772.0
4 Royal Dutch Shell Group
Oil & Gas Netherlands 268,690.0
5 GM Automotive United States 193,517.0
6 DaimierChrysler Automotive United States 176,687.5
7 Toyota Motor Automotive Japan 172,616.3
8 Ford Motor Auotmotive United States 172,233.0
9 General Electric Diversified Financials
United States 152,866.0
10 Tota l Oil&Gas France 152,609.5
* Data from Forbes Global 500 list 2005
Table 2: Top 10 Global 500 Countries - 2010 Rank Company Focus Country Revenue (US $
millions) 1 Walmart Retail United Sates 408,214.0
2 Royal Dutch Shell Oil & Gas Netherlands 285,129.0
3 Exxon Mobile Oil & Gas United States 284,650.0
4 British Petroleum (BP) Oil & Gas United Kingdom
246,138.0
5 Toyota Motor Automotive Japan 204,106
6 Japan Post Holdings Mail Delivery/Banking and Insurance
Japan 202,196
7 Sinopec Oil & Gas China 187,518
8 State Grid Energy China 184,496
9 AXA Insurance and Investments
France 175,257
10 China Nation al Petroleum
Oil &Gas China 165,496
Data from Forbes Global 500 list 2010
Over 2 Trillion Dollars
Total
Country Continent GDP ($US 2009)
Malawi Africa 13 billion
El Salvador Africa 43 billion
Laos Africa 15 billion
Haiti North America
11 billion
Chad Africa 17 billion
Afghanistan Asia 27 billion
Zambia Africa 20 billion
Ethiopia Africa 86 billion
Croatia Asia 78 billion
Zimbabwe Asia 5 billion
Countries With Low GDP - 2010
Total315 Billion
Countries With Low GDP - 2010
ChadEl Salvador
Afghanistan
Zambia
Ethiopia
Zimbabwe Mala
wi
Haiti
Croatia
Laos
Issues of Growth of MNC (TNCs)
• Growing power of MNCs• Global expansion of global trade• Protests against MNCs(TNCs) that operate
sweatshops to produce clothing shoes and other goods in developing countries
• Anti-globalization protests in North America and Europe made on franchieses of companies like McDonalds and Starbucks
Benefits of of MNC (TNCs)• Provides consumers with ever-widening range of
products and services @ affordable prices• Overall increase in world economic growth that will
make everyone wealthier by providing more jobs and greater economic production
• Stimulus for the economic development of developing nations
• Faster more equitable sharing of the most recent technological breakthroughs
Criticisms of of MNC (TNCs)
• Loss of local cultural identities as products from Japan, US and Europe become commonly used
• Corporations are becoming so large - not clear whos laws apply when a company’s operations extend far beyond the borders of any one country
• Old Core nations become richer - most of the best jobs and profits go to Core --> rest will get low paying jobs, provide markets & suffer possible environmental damage
• Economic uncertainty --> MNCs shop around for best places in which to do business (play 1 country against another in search for cheapest labour or weakest environmental standards