Starting in the late 1990s, “globalization” became a buzzword to describe the apparent integration of markets in the world economy. Many authors and pundits claimed that the world was converging towards a market-friendly democratic place, while gurus and consulting firms were rapidly producing formulae and advice on how to make profits out of the global economy. Decades later, new realities show that globalization does not necessarily mean political, cultural, and economic convergence and that, in fact, forces against it are strong.
Global Strategy I: How The Global Economy Works
Global Strategy I: How The Global Economy Works
This course is part of Global Challenges in Business Specialization
Instructor: Marcelo Bucheli
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4.8
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Beginner level
No prior experience required
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1 week at 10 hours a week
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What you'll learn
Understand how we got to this point in the global economy and why it matters.
Understand the complexities of the current globalization and how not all countries are the same.
Evaluate the effects of international trade regulations on international business.
Evaluate when and why we should operate as multinationals.
Skills you'll gain
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Assessments
5 assignments
Taught in English
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This course is part of the Global Challenges in Business Specialization
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There are 5 modules in this course
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
What's included
5 videos6 readings1 assignment1 discussion prompt1 plugin
The current global world is not unique nor is it stable. The world has been more globally integrated in the past than in the present times. Many emerging economies are actually re-emerging from a not-so-distant past when they dominated the global economy. An understanding of these processes will allow us to conduct sophisticated analyses of the global economy that take into account political and economic issues as well as historical processes.
What's included
10 videos2 readings1 assignment1 peer review
During the 1990s, many analysts forecasted a global cultural, economic, and political convergence. Reality shows that this did not happen. Business people engaged in global activities need to understand how to analyze the differences between countries. This module provides tools for this type of analysis and ways to determine how they affect businesses.
What's included
5 videos2 readings1 assignment1 peer review
The most basic way by which corporations develop international operations is through trade. These operations are determined by the way nations arrange trade with each other. In this section we explore what determines what and how countries trade with each other, the mechanisms regulating this trade, and the way corporations adapt to them.
What's included
5 videos2 readings1 assignment1 peer review
You don’t need to be a multinational to succeed in the business world. In fact, not all successful firms become multinational and not all multinationals are successful. This module explains what the main elements are in determining whether firms become multinational or not, what characteristics they exploit when going abroad, and where their competitive advantage is.
What's included
5 videos4 readings1 assignment1 plugin
Instructor
Instructor ratings
4.8 (35 ratings)Offered by
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University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
University of Colorado Boulder
University of London
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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4.8
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Showing 3 of 293
BC
4
Reviewed on Apr 20, 2020
Very informative and wonderfully explained ! A very good learn with professor
PS
5
Reviewed on Mar 30, 2021
Thoroughly enjoyed learning the concepts taught in this course by Prof. Bucheli.
RK
5
Reviewed on Dec 16, 2020
A good course for beginners to learn about history of free trade and globalisation. One needs to know about the thought processes and evolution of theories that govern the situations today
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