Emerging markets: Two scenarios of the global economy in 2050 can be used to help students evaluate the role of globalization in the future. the first scenario is an optimistic view of the future in which blobaliztion continues to spread. The second scenario can be labeled de-globalization. Poor or negtive economic growth and civil unrest result. In both scenarios, an increase in global competition is predicted.
1. On Ethics: From an insttution-based view, what should firms do to better prepare for the two scenarios? (HINT: if they believe in "continued globalization,"they maybe more interested in lobbying for reduced barriers. But if they believe in "de-globization, " they may lobby for higher trade barriers.)