Boeing and Globalization

Paper Summary:

This paper discusses Boeing Corporation and how the company has coped in times of globalization. The author analyzes how global trends such as advancing defense, military technology and free trade have affected Boeing in its business strategies and outlook. While free trade has given Boeing more business opportunities than it has had before, the author adds that globalization has also opened the doors to competition from other companies that can operate at a cheaper cost. The paper goes on to add that for larger economies to become compatible with trade partners, they must first experience some form of retraction and for the United States and such firms as Boeing, this is a very real threat for which competition may only be engaged by reduction of costs, true competitive edge in an open and global marketplace and a core adaptability to the needs and innovations which are currently overwhelming it.

From the Paper:

"The process of globalization, which is emphatically pursued today by economically empowered entities such as North America and the European Union, seeks an economic world order in which unfettered international trade and the deregulation of the global marketplace can--according to theoretical claims--help to elevate the development sphere of the world by transferring technological and political developments thereto. By contrast, critics of globalization argue that this claim is unrealistic, and instead allege that wealthier nations have used 'developing' nations to exploit low resource and labor costs, reduced environmental or labor laws and the essential need of such nations for international support."

Sample of Sources Used:

• Bernstein, Aaron. (Dec. 6, 2004). Shaking Up Trade Theory. Business Week. Online at <http://www.globalpolicy.org/globaliz/econ/2005/0105shop.pdf>
• Gould, David M. (1998). Has NAFTA Changed North American Trade? Federal Reserve Bank of Dallas. Online at <http://ideas.repec.org/a/fip/fedder/y1998iq1p12-23.html>
• Hill, S. (2008). Boeing's tanker contract protest raises questions about globalizations. Manufacturing Business Technology. Online at http://www.mbtmag.com/article/CA6546381.html
• Holmes, S. (2006). On a wing and a prayer at Boeing. Business Week. Online at http://www.businessweek.com/technology/content/jun2006/tc20060607_864925.htm
• IMF Staff. (April 12, 2000). Globalization: Threat or Opportunity? International Monetary Fund. Online at http://www.imf.org/external/np/exr/ib/2000/041200.htm

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