Conducting business on an international basis

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UNIVERSITY OF PHOENIX

Santa Teresa Campus

CONDUCTIG BUSINESS ON AN INTERNATIONAL BASIS

LEARNING TEAM “D”

September 9, 2004.

PROBLEM STATEMENT

The twentieth century has been a period of extraordinary technical and social transformation and of a dawning sense of globalization for the world economy. This century has been witness to a number of economic shifts and crises; World War I, the Great Depression, World War II, the Cold War, the OPEC rise in oil prices, the continuing Middle East crises, and most recently the Asian meltdown of 1997.

        We live at a time of unprecedented change. We now have no other alternative than to plan in terms of a global economy. For with the extraordinary development of technology and more recently the advent of computers and internet, enterprises and economies all around the world are highly interactive. Are we, at the cusp of the new century and millennium, able to develop a stable and harmonious world economy?

SUBTOPICS

The Global Economic Crisis

        The scenario that seems highly probable is that all three of these catalytic factors, unregulated global speculation, the gap between rich and poor, and imminent external shock, will at the time of the next global economic crisis, converge and reinforce each other. Should this happen, it will no longer be possible to conceal the massive global cleavages by some rationalist economic band aid treatment of effects, as happened at the time of the OPEC oil price increase, or the 1997 Asian meltdown (1). The true causes of the great economic imbalances in the world will be revealed for all to see.

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Terrorism Inc.; amid globalization, Al Qaeda looks a lot like GM

        Globalization's structure enables Al Qaeda to strike -- with calamitous consequences -- at foes far stronger by traditional measures of power. On the surface, globalization's complexity and heterogeneity make for a highly decentralized system that is everywhere and thus, in a sense, nowhere. It spans the worlds of business, advertising, entertainment and politics and is driven by the energies of a vast number of states, groups, organizations and technologies. A system so unwieldy and multifarious would seem hard to disrupt because it has no clear center.

        But globalization, ...

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