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Globalisation: The Great Debate John Branch, Ph.D. Lecturer in Strategy and Marketing, Stephen M. Ross School of Business Faculty Associate, Center for Russian and East European Studies University of Michigan. • Globalisation. • Debate. • The Controversy of Globalisation. Welcome.

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  1. Globalisation:The Great DebateJohn Branch, Ph.D.Lecturer in Strategy and Marketing,Stephen M. Ross School of BusinessFaculty Associate,Center for Russian and East European StudiesUniversity of Michigan

  2. • Globalisation • Debate • The Controversy of Globalisation Welcome • The Dimensions of Globalisation 1 July 2006. . . Ross, CREES 1 December. . .William Davidson Institute Olin: International marketing, IBOC, GMS, OIBA Ph.D., University of Cambridge Oxford and Northwestern ESC Rennes Since 1993, visiting professor: ZSEM, Croatia Sasin, Thailand HSEBA, Finland ESAN, Peru SSE Riga, Latvia Canadian

  3. Globalisation • Globalisation • 2822 articles and 589 books in 2002 • Globalisation is. . . • . . . primarily an economic phenomenon, involving the increasing interaction, or integration, of national economic systems through the growth of international trade, investment, and capital flows (www.globalisationguide.org). • . . . the process of denationalization of markets, politics, and legal systems, i.e., the rise of the global economy (www.globalisationguideorg). • But. . . • there is also increasing cross-border social, cultural, and technological exchange. • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  4. • Globalisation • From a sociological point of view, globalisation is. . . • . . . the decoupling of space and time, emphasising that in terms of human communication, there are no temporal or geographic contraints (Anthony Giddens). • . . . a process (or set of processes) which embodies a transformation in the spatial organization of social relations and transactions, expressed in transcontinental or interregional flows and networks of activity, interaction, and power (Andrew McGrew). • . . . a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross-border economic, political and socio-cultural relations (Ruud Lubbers). • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  5. • Globalisation • Critics would present globalisation as. . . • . . . a worldwide drive toward a globalised economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments (www.globalisationguide.com). • . . . the hegemony of American values (Simon Reich). • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  6. • Globalisation • Debate • The Controversy of Globalisation Debate • The Dimensions of Globalisation

  7. The Controversy of Globalisation • Globalisation • So, who won the debate? • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  8. The Dimensions of Globalisation • Globalisation • Confluence of economic phenomena (capitalism) • Liberalisation and deregulation of markets • Privatisation of assets • Retreat of state functions • Diffusion of technology • Cross-national distribution and production (foreign direct investment) • Integration of capital markets • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  9. • Globalisation • Evolutionary process: • 16th century European capitalism, following circumnavigation of earth in 1529 to 1521 • Expansion of world trade and investment in late 19th century • Halted by first world war and protectionism of 1920s which led to the great depression • Sense of one world during 1875 to 1925: • Gregorian calendar, international date line and zones • Telegraphy and signalling standards • Post second world war: • Emancipation of colonies; international cooperation • Multinational companies • Fall of Berlin wall and collapse of U.S.S.R. • Technological advances • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  10. • Globalisation • Involves everyone: • International organisations: • WTO, IMF, World Bank, United Nations • Companies • Consumers • Governments • Environmentalists • Non-Governmental Organisations • Unions • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  11. • Globalisation • Controversial: • The invisible hand. . . Does it really work? • Putting profits over people • Making the poor poorer • ‘Washington consensus’ conspiracy to enrich bankers • Destroying cultural differences • Yielding democracy to faceless multinationals • Americanisation • Hegemony of WTO, IMF, World Bank • Endangers the environment • Debate • The Controversy of Globalisation • The Dimensions of Globalisation

  12. So What?

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