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Level 4 Diploma in Business Management

Drivers of globalisation: economies of scale, protectionism, the WTO, regional integration

BM406 · Operating in a Global Context — Week 6 of 16

CourseBM406
Week6 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Drivers of globalisation: economies of scale, protectionism, the WTO, regional integration

  1. Economies of scale
  2. Protectionism
  3. Role of WTO
  4. Regional integration
  5. Decline in investment barriers

What you will be able to do

  • 2.3 Discuss key global issues which drive globalisation.

Activity

Start with this week’s 4 videos, then discuss how they apply to this week’s topic and note one example from a real business.

Study materials

Videos

  • What is the UK's role in the World Trade Organization? · Oak National Academy, Key Stage 4 (GCSE level) · for registered students
  • Economies of scale · YouTube · Marginal Revolution University · 12 min · for registered students
  • Tariffs and Protectionism · YouTube · Marginal Revolution University · 15 min · for registered students
  • What is customs? · YouTube · HMRC · 2 min · for registered students

Further resources

  • Principles of Economics 3e, ch. 7.5: Costs in the long run – economies of scale · PDF · OpenStax (2022), section 7.5 on long-run average cost and economies and diseconomies of scale; pp. 172–179 · for registered students
  • Introduction to Business 2e, ch. 3.3–3.5: Trade barriers and economic communities · PDF · OpenStax (2026), sections 3.3–3.5 on tariffs, quotas, the WTO and trade blocs including the EU; pp. 84–91 · for registered students
  • Principles of Economics 3e, ch. 34.4: How governments make trade policy · PDF · OpenStax (2022), section 34.4 on the WTO, regional trade agreements and free trade; pp. 828–831 · for registered students
  • The Impact of the 2018 Tariffs on Prices and Welfare · Open-access article · Amiti et al. (2019), Journal of Economic Perspectives. Shows who actually paid for the 2018 US tariffs: a clear case study of tariffs in action. · for registered students
  • The Cost of Non-Europe, Revisited · Open-access article · Mayer et al. (2019), Economic Policy. Estimates how much trade and income EU members would lose without the Single Market. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: How globalisation has evolved: from the first wave to Globa…
  • Week 2: Types of globalisation: political, social, economic and tec…
  • Week 3: The positive and negative effects of globalisation
  • Week 4: The global economy and the global business environment
  • Week 5: Drivers of globalisation: alliances, push/pull and demand/s…
  • Week 6: Drivers of globalisation: economies of scale, protectionism…
  • Week 7: Why a business would want to enter global markets
  • Week 8: Midterm evaluation
  • Week 9: Ways to enter a global market: exporting, licensing, joint …
  • Week 10: Recommending a preferred mode of entry to a business
  • Week 11: Impact on structure and culture: McKinsey’s 7-S model and H…
  • Week 12: Impact on strategic decision making: capability, resources,…
  • Week 13: Impact on operational decision making: marketing, HRM and l…
  • Week 14: Responding to the impact of globalisation
  • Week 15: Review and coursework completion
  • Week 16: Final evaluation and project assessment
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