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Paul Martin
Students presentations
International economy
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International trade
Build your business plan:
7. Incoterms.
8. Payments and financing exports techniques.
9. Factoring and securitization.
10. Logistic choices and inventory financing.
11. Quality certification.
12. Environment: a worldwide and economical
issue.
13. Company global responsibility.
Globalization
Definition of globalization
Globalization history
A dominant system: capitalism
Specialization internationalization
globalization: evolution of capitalism.
First step: Europ economy is widened by
main geographical discoveries during the
XVth century.
Portugal, Italy.
XVII th and XVIII th centuries: northern
countries (connection between local
market and long distance trade,
mercantilism)
XIX th century: classical liberal theory,
UK.
XX th century : USA.
organisation.
Main principles:
No discrimination between countries.
8 negociation cycles :
No discrimination between local and
imported products.
Reciprocity
Main principles:
Unique commitment
underdevelopped countries.
Promote sustainable development.
Open negociations
Permanent forum.
1960's:
McLuhan global village
Levitt global firm
Ohmae triade
Trade figures :
world war 2.
20% after 1945 which increases
underdevelopped countries debt.
Industrial goods and services share is
rising.
Services count for 63% of worldwide
GDP in 2011 against 2,1% in 1970.
End of decolonization
Multiple debt and financial crisis.
Repartition of DIA towards Southern
countries:
54% are going to China.
0,1% are going to sub-saharian Africa.
DIA's are diffusing technologies, working
rules and social systems, cultural values...
Is it the end of cultural differences?
Multinational companies:
Their value creation can be as important as
a country GDP.
Out of first 100 entities: 71 are states and 29
Private Companies.
Out of 100 entities to protect a patent, 97
are private companies.
Their political and lobbying influence is
rising.
through:
Use of subcontractors.
Reduction of fixed wages.
Flexibility of work: part time,
temporary...
Inventory control.
Flexibility is the answer to market segments
with high level of demand fluctuation.
End of market regulations.
Conclusion
Interdependant networks are replacing
countries.
International trade is dematerializing:
services, intellectual property and patents,
technological flow, virtual exchanges etc.
Economy is switching from property to
access.
Political and economic borders are different.