The seminar aims at assessing the challenges and key opportunities of the globalized market economy. Throughout this MOOC, we shall tackle not only competitiveness, risk management or financial flow issues, but also governance, geopolitical turmoil and sustainable development. Indeed, the global crisis casts light on a key challenge of globalization, namely, providing a social and long-time horizon to the market economy.
What am I going to get from this course?
Before starting, a quick reminder of the course objectives!
Warming up: 12 + 1 questions to test your global knowledge
Readings and Food for thought:
For the french-speaking participants : .Bouchet, Michel Henry: « La Globalisation: Introduction à l'économie du nouveau monde », Pearson, Paris
Pankaj Ghemawat (IESE), World 3.0, 2011. Business Review Press
Robert E. Lucas Jr.: “The Industrial Revolution: Past and Future”, FRB Minneapolis,. May 2004.
Suzanne Berger: “Making in America: From Innovation to Market” (with the MIT Taskforce on Production in
the Innovation Economy) (MIT Press, 2013).
A few myths & misconceptions regarding volatile and destabilizing capital flows! Contrary to trade openness, financial liberalization is not a recipe for sustainable growth but for volatility and crisis.
Check your understanding so far with a quiz.
For those who want to deepen their knowledge of financial globalization, what MH Bouchet calls “Hyperfinance”: “The evidence and impact of financial globalization”, edited by Gerard Caprio, ELSEVIER edit. November 2012.
After the video, a ranking exercise of sovereign governance.
Throughout this MOOC on the challenges of globalization, one has tackled a wide range of issues, both social, economic, geopolitical and financial, and also environmental. Clearly, globalization is not a cure-for-all, but it is not either a sort of evil and scape goat for national weaknesses and institutional deficiencies. Let’s wrap up and test what you have assimilated so far.
This is debate week. Watch the various videos discussing the pro and cons of Globalization. Get prepared to lively debate on the blog.
Suggested inputs and food for thought:
Group 4@Raleigh published in blog an interesting post with the link to a quizz about global warming.
Dr. Bouchet is Distinguished Professor at SKEMA as well as Chief Strategist of North Sea-GEM. He has held high-level positions in international banking (BNP, World Bank, ING, and CEO of Owen Stanley Financial). He graduated in Economics from Paris-X and from IEP-Paris, with Master and Ph.D. from USC, Columbia, USA.
Doctor in Education Sciences, she is the Mooc designer. Associate professor of Knowledge Management at SKEMA Business School since 2002. Previously, Mélanie was Human Resources Manager at Marks and Spencer.
Dr. Donmez holds a BSc. in Mechanical Engineering, an MBA, an MSc. in Industrial Product Design and an MSc. in Research. After having worked in product development and information technologies companies, he earned his PhD degree in Management Science from SKEMA Business School and Aix-Marseille University.
Anke Middelmann is a permanent member of the Skema faculty, where she is responsible for multicultural management. She has an international background, having lived, worked and studied in Germany, the UK, Belgium, the United States and France. Her professional experience has seen her work for the Commission of the European Union in Brussels, Washington, DC, and the United Kingdom. She also works as a multicultural trainer and facilitator with international companies, for whom she provides training on a variety of international and multicultural aspects.