Ghemawat (2017)

Question 1

What are the main arguments of Ghemawat (2017)? (Globalisation in the age of trump)

Answer 1

The attitude towards globalization has made a negative turn

Question 2

Ghemawat (2017) (Globalisation in age of trump):
What are some examples of “The end of globalization”?

Answer 2

Synsam moving their production back to Sweden?

Brexit ?

Question 3

Ghemawat (2017)(Globalisation in age of trump):
What can be done in order to cope with globalization being less attractive? (Four concepts)

Answer 3

ORGANISATION:
- Work on joint ventures, diversity & mobility. (region-based structure or front-based structure)

MARKET SELECTION:
- Find affinity, trade can occur without going multi-national (e.g. e-commerce)

COMPETITION:
- Adaptation, Aggregation, Arbitrage

SOCIAL ENGAGEMENT:
- share and show positive sides, address opinions and policy changes (be prepared to bail)

Question 4

According to Ghemawat (Globalisation in age of trump), what do they say about the perceptions of globalisation? And what dimensions are discussed?

Answer 4

Depth: perception about how much activity is international versus domestic
Breadth: the extent to which international activity is distributed globally rather than narrowly focused

Question 5

Define the “globaloney gap” (Ghemawat)(Globalisation in age of trump).

Answer 5

People overestimated the intensity of global business and underestimated the extent to which distances and differences between
countries constrain international commerce.

Question 6

Ghemawat (Globalisation in age of trump) define two laws that govern depth and breadth of globalisation.

Answer 6

The law of semi-globalisation: International business activity, while significant, is much less intense than domestic activity.
The law of distance: International interactions are dampened by distance along cultural, administrative, geographic, and, often, economic dimensions.