Answer based on globalization and international business. Answer the following question and provide five (5) supporting points. Be sure to number and then circle the number next to each point you are making. This should be a reasoned, developed essay, not simply 5 brief bullet points.
It is thus possible to speak of globalization cycles, with long periods of increased interchange of goods, and flows of people and capital. But then something happens. People feel that there has been too much interaction; they draw back from the global setting and look instead for protected areas in which they can be safe from global threats and global devastation. The shock or trauma is often connected with financial collapse, especially the profound uncertainty that financial disaster brings. At each stage in the globalization cycle, we tend to extrapolate and to think that this particular stage will last forever: whether it is the confident upswing, or the stagnation and anger of the downward movement of the cycle. -- Harold James (2009) ([login to view URL] )
Let us assume that Harold James’ theory on globalization cycles (above) is correct. Where are we now on this cycle? What do the case studies about Google, Brexit, and IKEA have to do with deciding where business falls on this continuum of cross-border integration of markets / globalization? Where do you think international business will be in 20 years (in which direction are we headed now (flat or more national, or no change) and why?
One to two pages max on write-up.
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