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Globalization of the world economy: balance between technology and resources

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Globalization of the world economy is basically related to two main areas such as technology and resources in general. These two aspects are strongly interconnected, and they open new horizons to renew dead economies.
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GLOBALIZATION OF THE WORLD ECONOMY: BALANCE BETWEEN TECHNOLOGY AND RESOURCES By: VICTORINO ALEXANDRE Level 5b
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Page 1: Globalization of the world economy: balance between technology and resources

GLOBALIZATION OF THE WORLD ECONOMY: BALANCE BETWEEN TECHNOLOGY AND RESOURCES

By: VICTORINO ALEXANDRE

Level 5b

Page 2: Globalization of the world economy: balance between technology and resources

OUTLINE

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

Page 3: Globalization of the world economy: balance between technology and resources

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

Page 4: Globalization of the world economy: balance between technology and resources

GLOBALIZATION

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

(Intriligator,2003)

Page 5: Globalization of the world economy: balance between technology and resources

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

Page 6: Globalization of the world economy: balance between technology and resources

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

Page 7: Globalization of the world economy: balance between technology and resources

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

Page 8: Globalization of the world economy: balance between technology and resources

TECHNOLOGY

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

(Business History Review,1983)

How to achieve a good technologic system?

Page 9: Globalization of the world economy: balance between technology and resources

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

Page 10: Globalization of the world economy: balance between technology and resources

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

Page 11: Globalization of the world economy: balance between technology and resources

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

Page 12: Globalization of the world economy: balance between technology and 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

Page 13: Globalization of the world economy: balance between technology and resources

CAPITAL RESOURCES

The importance of money

Economy in the exchange process

Page 14: Globalization of the world economy: balance between technology and resources

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

Page 15: Globalization of the world economy: balance between technology and resources

HUMAN RESOURCES

The most important factor

Management of other resources

Page 16: Globalization of the world economy: balance between technology and 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)

Page 17: Globalization of the world economy: balance between technology and resources

GLOBALIZATION OF THE WORLD ECONOMY

Negative effects: Environmental and social

Solution:

Management

Page 18: Globalization of the world economy: balance between technology and resources

CONCLUSION Investing in technology and better

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

Page 19: Globalization of the world economy: balance between technology and resources

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.

Page 20: Globalization of the world economy: balance between technology and resources

THANK YOU


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