GLOBALIZATION OF THE WORLD ECONOMY: BALANCE BETWEEN TECHNOLOGY AND RESOURCES

By: VICTORINO ALEXANDRE

Level 5b

OUTLINE

GLOBALIZATION GLOBALIZATION AND ECONOMY TECHNOLOGY RESOURCES -Natural -Capital -Human NEGATIVE EFFECTS POSITIVE EFFECTS

GLOBALIZATION

THE WORLD INTERCONNECTED CONSIDERING MULTIPLE ASPECTS

https://www.google.ca/search?q=globalization&newwindow=1&source=lnms&tbm=isch&sa=X&ei=LLNIU5yvEaGK2gWxhoHQCA&ved=0CAgQ_AUoAQ&biw=1366&bih=643#facrc=_&imgdii=_&imgrc=QntdHSJiigu2DM%253A%3Bo9j72v5ouVoeMM%3Bhttp%253A%252F%252Fedudemic.com%252Fwp-content%252Fuploads%252F2012%252F09%252Fglobalization-edudemic.jpg%3Bhttp%253A%252F%252Fwww.edudemic.com%252Fglobalization-videos%252F%3B848%3B565

GLOBALIZATION

“Globalization... it has manifold dimensions: economic, political, security, environmental, health, social, cultural, and others”

(Intriligator,2003)

GLOBALIZATION & ECONOMY

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&sa=1&q=globalization+economy&oq=globalization+economy&gs_l=img.3..0j0i24l3.1104861.1106733.0.1107161.8.4.0.4.4.0.101.349.3j1.4.0....0...1c.1.40.img..0.8.408.HJMXTHEoMKQ#facrc=_&imgdii=_&imgrc=jAr_BJZrP5fb8M%253A%3Bp5hJeyAHfmaxgM%3Bhttp%253A%252F%252Fwww.hannaharendtcenter.org%252Fwp-content%252Fuploads%252F2012%252F04%252Fglobe.jpg%3Bhttp%253A%252F%252Fwww.hannaharendtcenter.org%252F%253Ftag%253Dglobalization%3B431%3B284

GLOBALIZATION & ECONOMY

Economy has a large influence in the security, health, and education system

Economy in developing countries*

Relation between technology and resources in general

TECHNOLOGY

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&q=technology%20images&revid=2021428858&ei=T9FIU8C9Bam02wXr1IGQDA&ved=0CB8QsSU#facrc=_&imgdii=_&imgrc=27GVkOal2K1xKM%253A%3BiLaSG2uIK5NbtM%3Bhttp%253A%252F%252Ffemmefotographie.com%252Fwp-content%252Fuploads%252F2013%252F07%252FThe-Future-Prospects-Of-An-It-Jo.jpg%3Bhttp%253A%252F%252Ffemmefotographie.com%252F%3B4960%3B3506

TECHNOLOGY

“Modern technology plus effective management equaled efficiency and economic growth”

(Business History Review,1983)

How to achieve a good technologic system?

RESOURCES

-Natural -Capital -Human

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&sa=1&q=capital+resources&oq=capital+resources&gs_l=img.3..0l6j0i5l4.235566.237932.0.238480.8.8.0.0.0.0.129.670.6j2.8.0....0...1c.1.40.img..3.5.456.j8viTNm7-9c#facrc=_&imgdii=_&imgrc=vOYzqD_JuDQJsM%253A%3Bpu6Obyj6tiy3VM%3Bhttp%253A%252F%252Fimg.docstoccdn.com%252Fthumb%252Forig%252F622636.png%3Bhttp%253A%252F%252Fwww.docstoc.com%252Fdocs%252F622636%252FCan-you-identify-natural-human-and-capital-resources%3B1500%3B1125

NATURAL RESOURCES

https://www.google.ca/imgres?imgurl&imgrefurl=http%3A%2F%2Fwww.indyarocks.com%2Fblog%2F217245%2FROLE-OF-AN-INDIVIDUAL-IN-CONSERVATION-OF-NATURAL-RESOURCES&h=0&w=0&tbnid=2fk5QVbw1q5h5M&zoom=1&tbnh=225&tbnw=225&docid=Sv1Izk7ISpoHYM&tbm=isch&ei=PdJIU4uBHMiJ2AXcvYBY&ved=0CAUQsCUoAQ

NATURAL RESOURCES

“Natural resources are grouped into three large sets of industries: forests, minerals and energy”

(National Bank of Canada, 2013)

Feedstock to be manufacturedIssue: Emerging countries -do not have technology–manufacture natural resources

CAPITAL RESOURCES

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&sa=1&q=capital+resources&oq=capital+resources&gs_l=img.3..0l6j0i5l4.235566.237932.0.238480.8.8.0.0.0.0.129.670.6j2.8.0....0...1c.1.40.img..3.5.456.j8viTNm7-9c#facrc=_&imgdii=_&imgrc=j_QLGR5gqN8zUM%253A%3BZD3cvQPsIISa6M%3Bhttp%253A%252F%252Fblog.ianuy.com%252Fwp-content%252Fuploads%252F2010%252F08%252Finvestment.jpg%3Bhttp%253A%252F%252Fblog.ianuy.com%252F2010%252F08%252F02%252Ffighting-inflation-with-investment-or-why-i-decided-to-invest-or-my-financial-enlightenment%252F%3B446%3B480

CAPITAL RESOURCES

The importance of money

Economy in the exchange process

HUMAN RESOURCES

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&sa=1&q=Human+resources+black&oq=Human+resources+black&gs_l=img.3..0i24l5.9477.11346.0.11765.6.5.0.1.1.0.219.640.2j2j1.5.0....0...1c.1.40.img..0.6.651.jVoCX4H2j4s#facrc=_&imgdii=_&imgrc=MKVbf_AEWybB-M%253A%3Bif8MnUBNlzFTHM%3Bhttp%253A%252F%252Fus.123rf.com%252F450wm%252Folechowski%252Folechowski1310%252Folechowski131000057%252F23229499-hr--human-resources-concept-in-tag-cloud-on-black-background.jpg%3Bhttp%253A%252F%252Fwww.123rf.com%252Fphoto_23229499_hr--human-resources-concept-in-tag-cloud-on-black-background.html%3B450%3B294

https://www.google.ca/search?newwindow=1&biw=1366&bih=600&tbm=isch&oq=Human+resources+&gs_l=img.3..0l10.143418.144335.0.144787.5.5.0.0.0.0.100.421.4j1.5.0....0...1c.1.40.img..0.5.417.9O2hUQVlI1c&q=Human%20resources#facrc=_&imgdii=_&imgrc=4q7IK4dwkwU_8M%253A%3BX5tYBoS0vRo_MM%3Bhttp%253A%252F%252Fwww.hr-sales-leads.com%252Fwp-content%252Fuploads%252F2011%252F11%252Fhr-sales-leads.jpg%3Bhttp%253A%252F%252Fwww.hr-sales-leads.com%252F%3B1050%3B697

HUMAN RESOURCES

The most important factor

Management of other resources

HUMAN RESOURCES

“Because cognitive ability is normally distributed in the population, human resources with high ability level are, by definition, rare”

(Wright, McMahan and McWilliams, 2006)

GLOBALIZATION OF THE WORLD ECONOMY

Negative effects: Environmental and social

Solution:

Management

CONCLUSION Investing in technology and better

management of the available resources=Economic growth=Developing countries with a strong economic system =Benefits into the society

REFERENCESGalambos, L. (1983). Technology, Political Economy, and Professionalization: Central Themes of the Organizational Synthesis. The Business History Review, 57(4), 471. Intriligator, M. D. (2003). Globalization of the world economy: potential benefits and costs and a net assessment. Santa Monica, CA: Milken Institute. Schirm, S. A. (2007). Globalization state of the art and perspectives. London: Routledge. Statistics Canada. (n.d.). Statistics Canada. Retrieved April 9, 2013, from http://www.nbc.ca/bnc/files/bncpdf/en/2/SpecialReport_E_130722.pdf Wright, P. M., McMahan, G. C., & McWilliams, A. (1994). Human Resources And Sustained Competitive Advantage: A Resource-based Perspective. The International Journal of Human Resource Management, 5(2), 301-326.

THANK YOU