top-rated free essay

Article Review 1

By butchiefeld Apr 27, 2015 603 Words
Journal Article Review

Tyler Feldman
Course: MGT 213March 1, 2015

Article Citation

Foroohar, R. (April, 2014). Globalization in Reverse. Time, Vol. 183 Issue 12, pg. 28.


Globalization is often defined as the free movement of goods, people and money across borders. That definition is often under threat by many different sources. In fact over the past two years global trade growth has been lower than that of the global GDP growth. This is the first time this has happened since World War 2.

There are many factors that contribute to the slow growth rate of global trade. A few of the main factors are with Europe struggling to end its debt crisis and that emerging markets are expanding slower than they previously were. The biggest factor, however, is that the U.S. is no longer the global consumer of last resort. The U.S. does not act like the giant sponge, absorbing excess goods, like they once did.

This is not necessarily a bad thing for us. This means were are producing more goods and services, such as oil and gas, and buying less foreign goods. But, in order for the U.S. government to keep growing we will need to continue to produces electronics, cars and other goods we also buy. Unfortunately with other economies hurting it appears that not many are willing to take that chance to produce such goods.

Seemingly this is causing globalization to be in reverse and many economists and trade experts are talking about a new era of deglobalization.

Purpose: It appears that globalization is not the force that it once was. With economies struggling is it actually causing deglobalization shown by the fact that global trade growth is slowing. This could be a good thing for domestic U.S. companies as it means that more manufacturing in the future could take place right here on American soil.

At the end of the article the author made some key points about the new rules of the global economy. It pointed out that the global economy is changing as global trade growth slows. It raises the questions of how leaders are going to handle this change to keep there economies/companies growing and not lagging.

Global Strategy

If corporations are not ready and willing to change to meet the needs of a changing economy they may have a hard time competing.

Topic Consistency

This article is a nice compliment to chapter 6 in the text book, Internal Management. The article discusses globalization and how it is changing which is covered in chapter 6. Managing a global corporation can be a tough task especially when the global trade growth is slowing. This can lead to tough decision from management on whether to continue global trade or if they should possibly deglobalize and stop or lessen their global trade.

Learning and Commentary

The biggest and most important thing I learned from this article is the fact that the global trade growth is slowing. Nowadays it seems that if you don't globalize you are missing out and not taking advantage of a good opportunity. This article had made me realize that globalization is not always the answer to growing a company. As the economy is changing to companies look to gain a competitive advantage they might have to use other strategies than globalization. This article has taught me that as a manager you have to constantly monitor many different global and non global factors that could affect your business. They also have to adjust their processes of business to reflect the changes occurring in that environment.

Cite This Document

Related Documents

  • Article Review 1

    ... Community Health 349 Article Review 1 "Challenges to Using a Business Case for Addressing Health Disparities" The major points concerning the challenges to using a business case for addressing health disparities be...

    Read More
  • article review 1

    ...Quarterly, Volume 1, Issue 3, pp. 293-318 Introduction In this article review I intend to summarize and evaluate the adaption of James Weber’s article “Adapting Kohlberg to Enhance the Assessment of Managers”. Weber’s article discusses six stages and four adaptations of Lawrence Kohlberg’s Moral Judgment Interview and Standard Issue...

    Read More
  • Pranathi Kandala Article Review 1

    ... Scholarly Article Review "An Empirical Research on Employee's Emotions Influence Factors" Summary: Emotions and moods play a very significant effect on an employee in an organization. The article describes how moods and emotions rise or drop an employees performance in an organization, also a research has been conducted and employees e...

    Read More
  • Review on an Article

    ...CITY TACKLES HOW TO ELIMINATE POLLUTERS The article was written by Katherine Poythers and was posted on July 28, 2012. According to the author of the article, National City, a suburb in An Diego County leaders try to convince both homeowners and business owners to work together to get rid of the businesses that pose health and safety hazards t...

    Read More
  • Article Review

    ...FORM-1 ARTICLE REVIEW FORM Name : RANTY PUTRI Student Number : 1106005944 Faculty & Class : Economy, MPK Bahasa Inggris-C 1. Title of the Article: Taking Responsibility 2. Author: Patrick Guntensperger 3. Explain in two or three sentences why you have chosen this article. I have chosen this article because I concerned ...

    Read More
  • Article reviews

    ...NUS rolls out “grade-free” system for its freshmen By Ong Hwee Hwee, The Straits Times, 23 January 2014 In this article, the author addresses the issue of having a grading system in the National University of Singapore (NUS) where alphabetical grades will not be given anymore; instead, the only “grades” given will be a distinction, p...

    Read More
  • article review

    ... Child Obesity Article Review HCS/457 September 7, 2014 Ahmed Jamal Child Obesity Article Review A leading community health issue throughout the world would be obesity. The Albemarle Regional Health Services in Perquimans County offers informative education about obesity. The background provides the ability to educate patients an...

    Read More
  • Article Review

    ... Article Review of Prenatal Breastfeeding Education and Breastfeeding Outcomes Rosen, I., Krueger, M., Carney, L., & Graham, J. (2008). Prenatal breastfeeding education and breastfeeding outcomes. MCN The American Journal of Maternal/Child Nursing 33(5), 315-319. The article was retrieved from the PsycINFO database. The article com...

    Read More

Discover the Best Free Essays on StudyMode

Conquer writer's block once and for all.

High Quality Essays

Our library contains thousands of carefully selected free research papers and essays.

Popular Topics

No matter the topic you're researching, chances are we have it covered.