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.

Transcript of 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
  • 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..0.8.4 08.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..0l6j0i5l4.23556 6.237932.0.238480.8.8.0.0.0.0.129.670.6j2.8.0....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%2 52F622636.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=PdJIU4uBHMiJ2AXc vYBY&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 manufactured Issue: Emerging countries -do not have technologymanufacture 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..0l6j0i5l4.235566.237932.0.238480.8.8.0.0.0.0.1 29.670.6j2.8.0....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..0 i24l5.9477.11346.0.11765.6.5.0.1.1.0.219.640.2j2j1.5.0....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
  • REFERENCES Galambos, 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.
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