Globalization and Global Markets
The focus of the Globalization and the Global Markets unit at the CIE deliberates on the future of globalization and how to attain balanced world-wide development as we confront today's global challenges in global trade, finance, and labour markets.
For decades, economists, politicians and business executives have written about globalization with widely divergent views and perspectives. While many have driven forward the cause of globalization in finance and trade, several others have posed their doubts about the merits of globalization, role of international trade organizations and the advantages of a global economy that fosters free trade and global markets.
However, globalization is here to stay. The result is a new commercial reality - the emergence of global markets for standardized consumer products and services on a previously unimagined scale. Corporations geared to this new reality benefit from enormous economies of scale, scope and governance in production, distribution, marketing and management. By translating these benefits into reduced world prices, they can decimate competitors that still live in the disabling grip of old assumptions about how the world works. Managing globalization calls for getting a right balance between markets and regulation and between the global economy and the nation-state.
Given the constantly changing state of the world, new skills and methodological core competencies, such as e.g. industrial ecology skills to achieve sustainable output levels in a circular economy business model, are required of future business managers and political representatives in a globalized world with global markets. The professional job opportunities offered for those who have acquired the vast catalogue of needed skills underlying this module provide not only a challenge to us all, but also will open up your mindset for an unyielding passion to make the world a better place for us all to be in. A “Win-Win” Situation for us all now and future generations to be.
The research projects focus on challenges and opportunities relating to globalization and global markets:
- Dynamic macroeconomics and monetary policy
- Sustainable economic growth
- Business cycle dynamics
- Development economics
- Economics of conflictI
- International trade and international integration
- Labor economics and human capital
- Income distribution, inequality, and poverty
- Financial economics
- Environmental and resource economics
- Economics of migration