The level of the global economy: The challenge of globalisation


1) Competition between business localities increases, e.g. jobs are transferred to lower wage countries.
 

2) Uncontrolled monetary flow on the capital market can lead to monetary turbulences and economic crises.
 

3) Greater dependence on the world market reduces the leeway within which national economies and governments can act.
 

4) More and more, mighty multinational corporations (global players) free themselves from the political control and the social responsibilities of their home countries.
 

5) The industrialization of the developing and the threshold countries leads to severe ecological stress.
 

6) The globalisation of organized crime, e.g. trafficking in human beings and in drugs, becomes more and more difficult to contain.
















Photo:
Bosch in Wuxi (Province Jiangsu)
© Photo: Bosch
Global Ethic
and Economy


The Three Levels of Economic Decision-Making

GLOBAL ECONOMY
Köhler
Globalisation
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