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The Global Enterprise

The Global Enterprise. Thomas F. Siems, Ph.D. Sr. Economist and Policy Advisor Federal Reserve Bank of Dallas and Sr. Lecturer, School of Engineering Southern Methodist University ISACA North Texas Meeting Dallas, Texas June 14, 2007. Important Questions (Learning Objectives).

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The Global Enterprise

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  1. The Global Enterprise Thomas F. Siems, Ph.D. Sr. Economist and Policy Advisor Federal Reserve Bank of Dallas and Sr. Lecturer, School of Engineering Southern Methodist University ISACA North Texas Meeting Dallas, Texas June 14, 2007

  2. Important Questions(Learning Objectives) • What drives economic growth? • How does globalization impact global enterprises? • What’s IT’s role? • What’s needed to succeed in the global economy?

  3. What is Globalization?

  4. What is Globalization? The increased integration of the world’s economies through increased flows of goods, capital, labor and ideas.

  5. Quick Case Study: The United States of America(last decade) • Increased Economic Stability/Resiliency • Strong Productivity Growth • Low Inflation Environment

  6. U.S. Business CycleExpansions and Contractions

  7. What’s Driving Growth? • Practices? • Policies? • Pennies? • Providence? • Proficiencies?

  8. Good Practices??? • new technologies • better management • focus on better, faster, cheaper

  9. Importance of technology Solow (1970) and Colecchia & Schryer (2002)

  10. Who Supplied My Cheese?Supply Chain Management in the Global Economy Thomas F. Siems Federal Reserve Bank of Dallas 2005 NABE Annual Meeting “Change and Competitiveness: Who Moved My Paradigm?” Chicago, Illinois September 26, 2005

  11. Who Supplied My Cheese?Supply Chain Management in the Global Economy You Are Here! Thomas F. Siems Federal Reserve Bank of Dallas 2005 NABE Annual Meeting “Change and Competitiveness: Who Moved My Paradigm?” Chicago, Illinois September 26, 2005

  12. Good Policies??? • good institutional structures that protect people/property • better monetary policies • freer trade • less regulation/rigidity

  13. Importance of policies Roll & Talbot (2001)

  14. Importance of markets Adam Smith (1776)

  15. Importance of free trade David Ricardo (1817)

  16. Strengthening Globalization’s Invisible Hand: What Matters Most? Adam S. Ratner West Monroe Partners Thomas F. Siems Federal Reserve Bank of Dallas NABE’s 48th Annual Meeting September 10-12, 2006 Boston, MA

  17. Our Model Economy People Economic Growth Investment Climate Ideas Rule of Law & Protection of Ideas, People and Things Things

  18. Good Pennies??? • importance of well-developed financial markets • freedom and opportunity • reward entrepreneurial spirit

  19. Importance of investment Rousseau & Sylla (2001)

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