Exam 16: Conclusion: Looking Ahead-Managing in a Dynamic Environment
What are the main global political and economic challenges that lie ahead?
Dealing with the 2008 global economic crisis
Outline the competing approaches
Need for global regulation of business
Challenge of global climate change
Global inequality and political instability
Prospects of development of global trade relationships
Tension in global trading links as a result of election of Trump, Brexit, and the increasing influence of the BRI
What are the main challenges that lie ahead in the external business environment?
Emerging markets
Future for world trade
Need to re-balance the world economy
Climate change
Global financial regulation
Equality debate
Quality of life issues
Ageing
Technology
To what extent will a rise in the tide of affluence lead to universal prosperity?
Discussion of prospects for rise in affluence as against the recent economic turmoil
Discussion of 'affluenza' as a useful term
Discussion of the extent to which governments can seek to bring about more equality, both nationally and globally
Outline of the debate about possible limits to growth and the environmental impact
Reference can be made to migration patterns, demographic changes, and poverty reduction policies such as MDGs and BOP models
Why did global economic recession starting in 2007/8 call into question the belief in the primacy of markets?
How has the business environment changed in relation to the global football business? What do you see as the likely future trends in this business?
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