Educational Outcomes

Understanding Globalization: Preparing for the 21st Century

By completing the MindTools course on Globalization, the student will learn the following:

Fundamentals of the Globalization Debate

• Why critics argue that globalization creates poverty
• How cultural and religious values differ worldwide
• How the U.N., WTO, and IMF work
• Why many people are critical of the U.N., WTO, and IMF

Fundamentals of Global Economics

   How to define, understand and use the concepts of:

• Absolute Advantage
• Comparative Advantage
• Trade Balance and Trade Deficits
• Interest Rates and Inflation
• Exchange Rates and Foreign Trade
• National Debt and Foreign Borrowing
• International Capital Flows
• GDP, GNP and Income per Capita

   How to understand the fundamental economic issues of:

• Disparities in Global Incomes
• Outsourcing - Does outsourcing help or hinder?
• Tariffs and Protectionism - Are tarriffs helpful?
• Policies of the IMF - Do they cause or relieve world poverty?
• Policies of the WTO - Are they unfair to developing nations?
• Free Trade Associations - Do they help? The example of NAFTA
• The Causes of Economic Development

Fundamentals of the political aspects of Globalization

• How freedom and democracy are increasing
• The arguments for and against world government
• How national borders are disappearing

Fundamentals of the cultural aspects of Globalization

• How values come into conflict: the case of McDonald's
• Why people argue against extreme nationalism
• The universal rights of world citizens

Fundamentals of the personal and career aspects of Globalization

• The probable future
• How to assess your personality traits
• How to understand the New Management

Created on ... January 16, 2005