GLOBAL ENVIRONMENT

OF BUSINESS
Lecture 1
Jimmy Donaghey

Module rationale

Structure of module

Lectures and seminars

Readings

Assessment

What is the Global environment of business?

Structure

Lectures held on Tuesdays

Please go to the lecture to which you are

assigned

Seminars the following wee

!o core te"t boo

#ssential readings to be su$$lied in seminar

$acs

Additional reading to be sourced by students

Assessment

Term % e"am

Term %

Revision class
G#& and G'P

G#&

(ocus on global economic and governance

trends

Globalisation

)arieties of ca$italism

*+shoring

Migration

Gloabl governance etc

Global 'ntegrative $ro,ect

A$$lication to national conte"ts

Module rationale

&usiness set against a com$le" bacground

#nvironment within which it is set $lays a ey

role in sha$ing business-society relationshi$s

'm$ossible to e"amine all as$ects

Module covers general idea of globalisation and

national economic systems alongside trends
such as

.or$orate governance

Regional governance
Module themes

Globalisation/ nations and economic

governance

0rivers and e+ects of globalisation

Sources of national economic diversity

Governing the globalised economy

.or$orate governance/ the state and regional

governance

Trends in the environment

Taeovers/ migration/ o+shoring and out

sourcing

The e+ect of increased internationalisation on

governance systems

!ations states increasingly sub,ect to maret

$ressures

The relationshi$ between international

$rocesses and their e+ects on national
systems

!ational governance v international governance

!ational governance v national governance

.om$etition between states

The two levels of international
conte"t

'ndustrial revolution im$acted di+erent countries at

di+erent times and in di+erent ways

Welfare states and trade unions develo$ed along

$atterns determined in nationally s$eci1c conte"ts

2S develo$ed a highly maret driven system

Post WW3 saw the emergence of communist

economies/ $articularly in .##

West #uro$ean economies develo$ed ca$italist

economies with more social $rotection and worers
right- role of social-democratic governments
.onte"t

Marets and Maret failures

Prevent of rent seeing behaviour

!eed for orderly transactions

Reducing transaction costs

'nstitutions act as a means of structuring

behaviour

They also act as resources

!eed for governance and role of
institutions

!orth 435567

89umanly devised constraints on human

interaction:

.onstraints are both formal rules and informal

$ractices

.rouch 4;66<7

8$atterns of human action and relationshi$s that

$ersists and re$roduce themselves over time/
inde$endently of the identity of the biological
individuals $erforming them:

Marets are one form of institution

'nstitutions and economic
governance

.or$orate Governance regime

Systems of 1nance

#m$loyment systems

Welfare states

Role of interest grou$s

The im$act of institutions
P#STL# analysis

Political

#conomic

Socio-cultural

Technological

Legal

#nvironmental

Tool to conce$tualise di+erences in economies

but danger of oversim$li1cation of categories
Summary

Module to introduce Globalisation/ its drivers

and e+ects on environment

Res$onses to globalisation in terms of

national res$onses and res$onses of ca$ital

G'P then to a$$ly nowledge to s$eci1c

country conte"t