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GLOBAL ENVIRONMENT 

 OF BUSINESS

Lecture 1

 Jimmy Donaghey 

8/11/2019 2013-GEB Lecture 1

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Module rationale

Structure of module

Lectures and seminarsReadings

Assessment

What is the Global environment of business?

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StructureLectures held on TuesdaysPlease go to the lecture to which you are

assigned

Seminars the following wee

!o core te"t boo#ssential readings to be su$$lied in seminar

$acsAdditional reading to be sourced by students

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Assessment Term % e"am

 Term %

Revision class

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G#& and G'PG#&(ocus on global economic and governance

trendsGlobalisation

)arieties of ca$italism

*+shoring

Migration

Gloabl governance etc

Global 'ntegrative $ro,ectA$$lication to national conte"ts

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Module rationale&usiness set against a com$le" bacground

#nvironment within which it is set $lays a ey

role in sha$ing business-society relationshi$s'm$ossible to e"amine all as$ectsModule covers general idea of globalisation and

national economic systems alongside trends

such as.or$orate governance

Regional governance

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Module themesGlobalisation/ nations and economic

governance0rivers and e+ects of globalisation

Sources of national economic diversity

Governing the globalised economy.or$orate governance/ the state and regional

governance

 Trends in the environment Taeovers/ migration/ o+shoring and out

sourcing

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 The e+ect of increased internationalisation ongovernance systems!ations states increasingly sub,ect to maret

$ressures

 The relationshi$ between international$rocesses and their e+ects on nationalsystems!ational governance v international governance

!ational governance v national governance.om$etition between states

 The two levels of international

conte"t

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'ndustrial revolution im$acted di+erent countries atdi+erent times and in di+erent ways

Welfare states and trade unions develo$ed along

$atterns determined in nationally s$eci1c conte"ts2S develo$ed a highly maret driven system

Post WW3 saw the emergence of communisteconomies/ $articularly in .##

West #uro$ean economies develo$ed ca$italisteconomies with more social $rotection and worersright- role of social-democratic governments

.onte"t

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Marets and Maret failuresPrevent of rent seeing behaviour

!eed for orderly transactionsReducing transaction costs

'nstitutions act as a means of structuringbehaviour

 They also act as resources

!eed for governance and role of

institutions

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!orth 43556789umanly devised constraints on human

interaction: .onstraints are both formal rules and informal

$ractices

.rouch 4;66<78$atterns of human action and relationshi$s that

$ersists and re$roduce themselves over time/inde$endently of the identity of the biologicalindividuals $erforming them:

Marets are one form of institution

'nstitutions and economic

governance

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.or$orate Governance regime

Systems of 1nance

#m$loyment systemsWelfare states

Role of interest grou$s

 The im$act of institutions

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P#STL# analysisPolitical

#conomic

Socio-cultural

 Technological

Legal

#nvironmental

 Tool to conce$tualise di+erences in economiesbut danger of oversim$li1cation of categories

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SummaryModule to introduce Globalisation/ its drivers

and e+ects on environment

Res$onses to globalisation in terms ofnational res$onses and res$onses of ca$ital

 G'P then to a$$ly nowledge to s$eci1ccountry conte"t