1. Globalization: Introduction and Overview

2. What is Globalization? Globalization: A move toward a more integrated and interdependent economy Facets of Globalization: Markets and Production

3. Facets of Globalization Globalization of Markets : the merging of historically distinct and separate national markets into one huge global marketplace Globalization of Production : Sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production

8. Changing World Output and World Trade Picture USA and China

9. Changing Foreign Direct Investment Picture Asian FDI excluding Japan

13. Changing World Order