1.4.5 Global change
The subject you are studying is never static: change occurs constantly and you should keep abreast of current events through newspapers, radio, TV and the Internet. The section in your textbook entitled 'States in transaction' is mandatory reading, so check the following topics as you work through it:
- the spread of democracy as it supplants totalitarianism in former communist states and military dictatorships in South America and Africa
- the ubiquity of new communication and transportation technology, especially computer technology and the Internet
- the westernisation of national cultures
- the rise of Islamic fundamentalism
- increasing tensions between ideologies and cultures, manifesting themselves as global terrorism
- the spread of market economies
- deregulation
- privatisation
Included with the Hill (2005) reading is a section headed 'Focus on managerial implications'. This section appears at the end of most of the Hill (2005) chapters and is a valuable benefit because it explains why the issues in the chapter are relevant to international managers.
In your text
Hill 2005, Chapter 2, pp. 66-82.
Activity 1.6
Free market economics stimulate economic growth, command economics stifle growth. Explain why this assertion might be true.
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