Overview
The international business environment has changed dramatically over the last 50 years. Multinational corporations continue to redefine the world’s economic landscape as they develop and implement new global growth strategies. Just as the labor and product markets have become more integrated, so too have the world’s financial markets. Governments and financial institutions have stopped thinking in terms of individual segregated financial markets, instead recognizing a monolithic international financial market.
To prepare for this Discussion, consider how multinational corporations’ continuing pursuit of global growth strategies has impacted the world’s financial markets and international financial theory and practice. Research the major changes in international finance over the last 50 years, focusing specifically on the impact of these changes and trends in each of the following timeframes: (1) pre-1990, (2) the years immediately following 1990, and (3) today. For your Discussion post this week, you will be asked to identify key research that helps explain the changes and the impact on the lives of individuals in emerging markets.
Then imagine that you have to present ideas relating to these trends in international finance and associated financial data to a group of key stakeholders. Consider how you would organize your presentation and what techniques you would employ, as well as what strategies you would implement to receive and address critical feedback. Share any lessons learned from prior research, life experience, or seminar presentations that would help you effectively present your ideas.
Post an analysis of changes in international finance over the past 50 years to identify future global trends. In your analysis, focus on the three timeframes described as pre-1990, the years immediately following 1990, and today, and be sure to address the following:
- Identify at least three theories and theorists used by scholars as they developed their research.
- Briefly explain the impact of technology on globalization.
- Describe one or two future trends in international finance and analyze the impact of these trends on globalization.
- If you had to present your findings to a group of key stakeholders, how would you organize this presentation, and what presentation techniques would you employ? Think about a professional presentation that was particularly effective or that spurred several questions. What strategies would you implement to receive and address critical feedback? Share any lessons learned from prior work, life, or seminar presentations that would help you effectively present your analysis and gain buy-in.
Be sure to support your work with a minimum of two specific citations from this week’s Learning Resources and one or more additional scholarly sources.
RESOURCES
- Bank for International Settlements. (2016). 86th annual reportLinks to an external site..Links to an external site. Retrieved from http://www.bis.org/publ/arpdf/ar2016e_ec.pdf
- Basu, K. (2016).Globalization of labor markets and the growth prospects of nationsLinks to an external site.. Retrieved from http://documents.worldbank.org/curated/en/29026146...
- Beramendi, P., & Wibbels, E. (2015). Globalization, public finance, and povertyLinks to an external site.. International Studies Review, 17(4), 677–685. doi:10.1111/misr.12270
- Caldwell, J. (2015). Leading globally, thinking interculturally: Developing global characteristicsLinks to an external site.. Journal of Business Diversity, 15(1), 55–59. Retrieved from http://www.na-businesspress.com/jbdopen.html
- Hansen, P. H. (2014). From finance capitalism to financialization: A cultural and narrative perspective on 150 years of financial historyLinks to an external site.. Enterprise & Society, 15(4), 605–642. doi:10.1093/es/khu047
- Harris , J. (2015). Globalization, technology and the transnational capitalist classLinks to an external site.. Foresight, 17(2), 194-207. doi:10.1108/FS-03-2014-0016
- Liu, Q., Lu, R., & Ma, X. (2015). Corruption, financial resources and exportsLinks to an external site.. Review of International Economics, 23(5), 1023–1043. doi:10.1111/roie.12194
- Potrafke, N. (2015). The evidence on globalisation.Links to an external site. The World Economy, 38(3), 509–552. doi:10.1111/twec.12174
- Yoder, S., Visich, J. K., & Rustambekov, E. (2016). Lessons learned from international expansion failures and successesLinks to an external site.. Business Horizons, 59(2), 233–243. doi:10.1016/j.bushor.2015.11.008