Global Management Schools, Global Management Classes, Global Business Degrees
The Globalization of the Economy is in full swing. Traditional American firms like Hartford Insurance, Chase Bank, General Motors – in fact every major American auto manufacturer – have become Multinational Corporations through expansion and acquisitions. Global Business has presented economic and cultural challenges and the career opportunities that accompany them.
Economically, Global Business has been characterized by an increase in international trade at a much faster rate than the growth in the world economy. Direct foreign investment flowing into and out of this country has led to new regulations and expanded business practices including the development of Global Financial Systems.
It has also led to an increase of economic practices like outsourcing, by multinational corporations and a notable loss of jobs in the United States. However the swing to Globalization also means new jobs in a redefined business structure. Finding a role in Global Business means not only honing your particular professional skills but dealing with both economic and cultural diversity.
