In Figure 1.8, food retail is positioned as a local business, with a very low globalization score.
Question:
In Figure 1.8, food retail is positioned as a local business, with a very low globalization score.
However, in the press, companies like Tesco, Walmart or Carrefour are described as ‘global retailers’. Explain this discrepancy.
Figure 1.8
Transcribed Image Text:
Globalization is in retreat for the first time since the Second World War Trade Openness index, 1870-2017 60% 50 40 30 20 10 1870-1914 Industrialization and integration 17.6% 1914-45 Interwar era 1 1 18.0 1 1 1 T 1 1 1945-80 Postwar rebound 10.1 1 1 2008-17 'Slowbalization' 61.1 153.5 1980-2008 Liberalization 1 39.5 1 1870 1880 1890 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010
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Related Book For
Global Strategic Management
ISBN: 9781350932968
5th Edition
Authors: Philippe Lasserre, Felipe Monteiro
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