Globalization and economic policy

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

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

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

Political strategy in the face of
globalization
Being in favour of market forces and deregulation.
Being in favour of subsidies and protectionism.

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