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Age of Globalization Week 5

by: Kate Notetaker

Age of Globalization Week 5 Badm 1004

Kate Notetaker

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About this Document

These notes cover the lecture on October 3, 2016.
Age of Globlization
Liesl Riddle
Class Notes
25 ?




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This 3 page Class Notes was uploaded by Kate Notetaker on Monday October 10, 2016. The Class Notes belongs to Badm 1004 at George Washington University taught by Liesl Riddle in Winter 2016. Since its upload, it has received 28 views. For similar materials see Age of Globlization in Business Administration at George Washington University.

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Date Created: 10/10/16
October 3, 2016 Flows of people and Global MegaTrends  Middle East  making it a center for medical tourism  Aging population  Remote diagnosis  testing remotely o Wouldn’t need to go see a doctor as much as today o Don’t need a hospital anymore  3D printer  Philanthropy  changing medicine o Bill and Melinda Gates  changed how we develop children vaccines  Prevention  Better than getting fixed with drugs or procedures o CVS stops selling cigarettes  jumps on the bandwagon o Prevention clinics with the US government  Solves the problem of having to give people medical care when they can’t access it  Minute Clinic  Global Middle Class wave o Demand for better education and healthcare  Population Bomb o 2 billion living on $2 or less a day o Moving from 7 billion to 9 billion o Population growth isn’t going to happen in places like the US or Japan or Europe  It’ll happen on the other side of the world  Second wave of urbanization o Full planet  empty plates  Feeding 7 billion people in 2011 is one thing  Feeding 9 billion in 2050 is going to be a big problem  Is there enough food to go around?  Food production has to go up 70% by 2050  China and India changing diets (more variation as middle class grows  This plus population and explosion of developing country mega cities  Big increases like 70% are going to be harder to achieve than in the past  Little unfarmed land to bring into production  No more water  Little to be gained by heaping on more fertilizer in some places o World will be more crowded  with older people  People 65 years or older aren’t retiring  actually trying to get back into the workforce  By 2050  2 billion aged 60  Will China get rich before it gets old?  1.3+ billion people  800 million people live on $2- $15 a day  By 2050  nearly 1 out of 4 Chinese will be over 60 years old o Age of intense aging  Global Poverty o Good news  hundreds of millions of fewer people living in absolute poverty than there were only 20 years ago o Bad news  there are still nearly 1 billion people living on less than $1.25 a day o 1 child dies every 4 seconds  Vertical Farming o Hydroponics systems o Put it more in the center of the city  Urbanization’s cost in China o The timeline of the massive migration of 250 million rural residents into cities by 2025  Human Trafficking o You can’t end human trafficking without ending hunger o Human trafficking is at an all time high  Water crisis will occur in about 20 years if we don’t change something o 95% of all major cities in the West dump sewage into their water supply o How much water do we use everyday?  41% of water in the US on agriculture  400 million gallons a day in the US o H20 will replace oil as a future cause of war between nations  Nearly half of global GDP growth between 2010 and 2025 will come from 440 cities in emerging markets o 95% of them are small, emerging countries  Social unrest is increasing o #1 selling item for defense contractors today  selling weapons to governments to manage their own people  Testing Economic and Environmental Resilience o Human growth has strained the Earth’s resources o Our advances also give us the science to recognize this and change behavior  Hubris on human health o We are arrogant  we think we can control our problems o The last discovery of antibiotics was in 1989 o World Health Organization plan to future pandemics  Wait until it happens and then try to distribute the vaccine to everyone  Developing countries won’t get it as effectively  like collateral damage  Resilient systems o For an object  bouncing back faster after stress, enduring greater stresses and being disturbed less by a given amount of stress o For a system  maintaining system function in the event of a disturbance o For an Adaptive System  Ability to withstand, recover from, and reorganize in response to crises  Black Swan events  events that if they are going to happen, they will cause the single greatest disturbance o Metaphor that describes an event that comes as a surprise o Has a major effect and is often inappropriately rationalized after the fact with the benefit of hindsight o Examples  Donald Trump  Zika virus  Ebola virus  Brexit  Global Forces o The Great Rebalancing  The coming decade will be the first in 200 years when emerging market countries contribute more growth than the developed ones o Decoupling  In the past, when we grow, they grow  All synchronized  When emerging markets recover, they don’t wait for the West anymore o This growth will not only create a wave of new middle class consumers but also drive profound innovations in product design, market infrastructure, and value chains


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