Globalization and economic policy

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GLOBALIZATION-

Is an intensification relationships, interactions and interdependence of economic, economic systems around

GLOBALIZATION- Is an intensification relationships, interactions and interdependence of economic, economic systems around the world.
the world.

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Forces driving globalization

Cost factors

Market factors

Technology factors

Global business cycle

Forces driving globalization Cost factors Market factors Technology factors Global business cycle

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Company strategy in the face of globalization

Import/
Export

Outsourcing

Foreign direct investment (FDI)

Company strategy in the face of globalization Import/ Export Outsourcing Foreign direct investment (FDI)

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Political strategy in the face of globalization

Being in favour of market forces and

Political strategy in the face of globalization Being in favour of market
deregulation.

Being in favour of subsidies and protectionism.

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Measuring and analysing global trade

Balance of trade;
Balance of payments;
Exchange rates.

Measuring and analysing global trade Balance of trade; Balance of payments; Exchange rates.
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