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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
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