Macquarie University BUS803: Essay on Globalization in Age of Trump

This essay critically examines Pankaj Ghemawat's article, 'Globalization in the Age of Trump,' focusing on the impact of Trump's policies on international business. It discusses the rise of protectionism, the challenges faced by global organizations, and the need for adaptation strategies. The essay evaluates the author's arguments, comparing them with other literature on globalization, and explores the importance of aggregation and arbitrage in maintaining competitiveness. It concludes that while domestic operations are gaining prominence, globalization remains a significant force, requiring international companies to adopt flexible and innovative approaches to succeed in a changing global landscape. Desklib provides this essay as a study resource, along with numerous other solved assignments and past papers.

Globalization in the age of Trump 1
GLOBALIZATION IN THE AGE OF TRUMP
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Globalization in the age of Trump 2
Introduction
This research paper critically examines article entitled ‘Globalization in the Age of
Trump’ published by Ghemawat Pankaj. Variations in regions and amount of local rivalry have
given rise to different organizations to benefit from the adaptation plan excessively. Global
organization needs to concentrate on utilization of other global strategies, not present to locals
that include aggregation and arbitrage (Ghemawat 2017, p. 16). The impact that comes with the
continuous changes in globalization is not that significant, and globalization is therefore not lost.
All organization that operates in different markets has to rely on idea of globalization
(Ghemawat 2017, p. 297). Trump during his presidential campaign blamed different people such
as immigrant for having massive impact on trade operations around the US. Therefore, principal
aim of this research article is to discuss ideas as they are presented in the section entitled
“Globalization in the Age of Trump” with comparison to other literature works.
Trump regulation and its effect on globalization
There is so much for business leaders to take advantage of as well as to deal with
complete shuttering of global trade to expand outside their national territory. Trump worked to
discuss new two-sided deals that aimed at promoting American industry while protecting
workers within the US while raising American wages (Selliva 2018, p. 13). The critical concept
during the campaign by Donald Trump was to ensure that people within the community
concentrate on ideas of practicing globalization in way that tend to minimize harm while
maximizing benefit among companies and states.
Trump was able to trigger war on international trade, where the policies he proposed tend
to be against standing of US as the most exceptional global leader in business operations (Mason
2018, p. 27). Trump regulation has made business leaders scramble with the aim of adjusting in

Globalization in the age of Trump 3
their actions. Laws have made the fiction of the world that is borderless to come rolling down.
Moreover, cases of established posts of open marketplaces within US and UK are now shaking,
and China is posing its operations as staunchest defender of instances of globalization (Godson
and Wirtz 2014, p. 5). Two major issues that were underlined during the campaign include weak
growth in average household since the twist of the century. The other reasons include continued
loss of jobs in sector that deals with manufacturing and manifest wealth of the top one percent
revenue collection (Ball 2018, p. 26). Globalization has conveyed considerable profit to various
financial systems around the US, and its influence on competitiveness of corporations in
developing nations remains a substantial challenge.
Protectionism in relation to globalization
The merits from global trade far outweigh any feasible economic forecast that can be
attained through Protectionism. Although there are advantages and disadvantages to both, there
is no denying that globalization has had the massive impact on global technological
advancement, and without global business, people would fail to attain the vital advancements
required to obtain different species. On a diverse tack, certain ecologists worry that global
organizations may escape ecological safety regulations by moving their invention to nations with
free or fictional contamination standards for duties. Some politicians worry that their country
may become overly dependent on vital imported goods (Yemini 2017, p. 293). All of these fears
affect authority to reach similar fundamental policy conclusion. The conclusion aimed at
protecting national interests that looked at whether trade, jobs, or safety, imports of overseas
goods should be controlled.
Different authorities are encouraged to limit and alter outcomes of market for social or
political ends. While authorities can limit the rise in costs of some commodities, they cannot

Globalization in the age of Trump 4
control amount people want to purchase or how much organizations are willing to sell. The
breaking of globalization’s initial wave in past century is proof that the forces of global
economic integration are still neither irreversible nor irresistible. The questions relevant to how
to connect community are becoming gradually more famous among different agenda of Trump
on how to compete in the market. Organizations have previously treated connections with
authorities, media, and community as the reflection in arranging business strategies. In most
instances, organizations are controlled to advance in their operations due to globalization that
occurs by a range of factors (Lee 2018, p. 181). For instance, reaction aligned with globalization
is also found in criticism against significant operations of business. However, it remains rigid to
offer easy directions concerning how to deal with cases of difficulties as principle of semi-
globalization does propose the single order as well as a single insight.
Critical evaluation of the article
The author of ‘Globalization in the Age of Trump’ records that international activity
remains to be much less intense compared to national action along with global interactions
dampened by distance. Modern literature discloses that sustainable growth continues to expand
great fame in plan debates. Therefore, globalization is the term that has turned out to be very
common and applies to various frameworks (Guarneri and Wirtz 2014, p. 5). The author of the
article defined globalization as mounting incorporation that exists amongst goods, capital, and
services in markets. The main message that the author of the article tries to convey is that even
though instance of globalization is experiencing different issues in present business operations,
the idea of turning away from globalization altogether remains to be unwise, counterproductive,
and overreacted decision (Mounk 2018, p. 86). According to sediment by Ghemawat (2017, p.

Globalization in the age of Trump 5
298), it is misperception that inequality is to be blamed on globalization rather than policies of
people in authority.
The author suggested that the international openness need to be joined with embattled
systems within local country in focusing on regional influences that might come with
globalization. The author of ‘Globalization in the Age of Trump’ suggested that effects of
globalization relied on the ability of firm to study, innovate, and improve its structure operations
within US. In contrast, a more subtle change in globalization strategy is necessary. There is need
for global leaders to oppose the view that the international corporation has to participate in each
marketplace (Aman Jr 2018, p. 566). Furthermore, global strategy should always focus on
retaining core power in aggregation, meanwhile damping organization’s prior stress on arbitrage
while turning to be adaptive.
Sustained argument using globalization concept theories and models
It is evident that globalization is a favorite catchphrase of US politicians. Globalization is
always used as shorthand approach of relating the connectedness and spread of communication,
manufacture, and different skills across entire universe. Globalization comprises of diffusion of
different exercises, ideas, and abilities. According to Edward (2018, p. 132), globalization is the
increase of global relations that connect distant areas in a manner that local actions are twisted by
events occurring several miles in far places and vice versa. Globalization is radically different
from preceding theories. Addition to globalization, other principal arguments of expansion
include innovation, global systems, and reliance.
As different organizations evaluate their strategies of globalization in radiance of
protectionist forces, leaders have to focus on ideas that affect their structural changes that can aid
them to increase performance in markets. According to survey by Posen (2018, p. 33),

Globalization in the age of Trump 6
aggregations together with arbitrage are worth highlighting as they comprise of region-based and
front-back structure. For instance, region-based structure helps company to organize its
operations according to region. It makes different companies take advantage of the cases of
similarities between neighboring nations (Escalera 2068, p. 82). It supports integration that exists
in research and design products to support purposes for operations of companies during changes
in market activities.
Globalization has ensured that companies need to renovate their pledge to different
devices that reinforce connective tissues all through operations of firm. The strength can make
different companies to have strong culture, mobility, and diversity to face changes in business
environment as a result of globalization (Posen 2018, p. 29). Various companies around the
globe in present times need to intensify their spotlight on cosmopolitanism in pinnacle
management. The idea is perhaps the interior dimension that works along with large corporations
to remain to be least globalized (Sullivan 2018, p. 12). Therefore, it is necessary for different
leaders of organizations to oppose the design that an international company has to aim at in the
current marketplace.
For any company to be actively involved in doing business in diverse markets, they need
to figure out mix tactics being used. The plan changed should be in response to the company’s
protectionist pressures (Kamer et al., 2017, p. 7). Companies in most cases can utilize adjustment
when they need to regulate differences in cross-nation for their operations to be receptive.
Companies can compete to attain wealthy of scale together with span that expands across
different boundaries internationally. These strategies can be applied by any company to help
them in exploiting differences that include low costs of labor in a given state or better incentives
of tax in another country around global marketplace (Hu and Spence 2017, p. 58). How different

Globalization in the age of Trump 7
companies utilize these three strategies will shift somewhat in the protectionist globe, but
perhaps less than how an individual might thought in real sense.
Most apparent approach for any organization to adapt on globalized world is to focus on
variation of policies, products, and positioning of market among other ways. Each distinct
mutation used by the company increases operational costs and their complexity in operations
(Ghemawat 2017, p. 298). Therefore, global organizations need to utilize other global strategies
that are not available to different locals. With the presence of collection of some functions,
global organizations can attain some scale, knowledge, and scope economies (Narine 2018, p.
63). However, companies can be capable of shopping for capabilities or resources in those
geographies where they are cheap, or conditions are likely to be favorable.
Conclusion
From the above discussion, the author of “Globalization in the Age of Trump” provided a
well-planned argumentation that is simple to follow concerning how current political matters in
US have influenced globalization. According to the article, domestic operations for companies
are on the rise, but globalization has barely been affected. These differences among nations along
with intensity of local competition has made companies focus on process of adopting varied
strategies to help them in fighting local competitors. International companies need to utilize
different global strategies that are not available to local people. Such ideas are essential as they
can help various international companies to improve their economies of scale and scope.
Moreover, organizations can embrace the idea of searching for resources in diverse locations at a
lower price in the hope that this will be more efficient when compared to their local
marketplaces. There is no single agreed definition of globalization according to “Globalization in
the Age of Trump.”

Globalization in the age of Trump 8
List of References
Allen, J. B., Lee, K. K. and Escalera, E. (2016) ‘Cross-Cultural Globalization of
Advertisements’, Psi Chi Journal of Psychological Research, 21(2), pp. 80–90. Available at:
http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=115726182&site=ehost-live
(Accessed: 26 September 2018).
Aman JR., A. C. (2013) ‘Globalization: The Next 25 Years’, Indiana Journal of Global Legal
Studies, 25(2), pp. 565–567. Available at: http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=131464266&site=ehost-live (Accessed: 25 September 2018).
Ball, M. (2018) ‘Donald Trump’s Forgotten Man’, Time, 191(7/8), pp. 24–29. Available at:
http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=128020254&site=ehost-live
(Accessed: 25 September 2018).
Edward, S. (2018) ‘Issues with choice architecture, environmental ethics, and globalization’,
Politics & the Life Sciences, 37(1), pp. 130–134. doi: 10.1017/pls.2018.7.
Ghemawat, P. (2017). Globalization in the Age of Trump: Protectionism will change how
companies do business-but not in the ways you think, Internationalization Business, 49(4), pp.
293–303. Available at: https://hbr.org/2017/07/globalization-in-the-age-of-trump
Godson, R. and Wirtz, J. J. (2014) ‘Strategic Denial and Deception’, Trends in Organized Crime,
6(1), p. 5. Available at: http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=7023603&site=ehost-live (Accessed: 25 September 2018).
Guarneri, C. J. (2017) ‘Globalizing the U.S. Survey-Course Textbook: Challenges, Choices, and
Opportunities’, Journal of American History, 103(4), pp. 983–992. doi: 10.1093/jahist/jaw507.

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Hu, F. and Spence, M. (2017) ‘Why Globalization Stalled’, Foreign Affairs, 96(4), pp. 54–63.
Available at: http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=123456352&site=ehost-live (Accessed: 25 September 2018).
Lee, H.-S. (2018) ‘Inward Foreign Direct Investment And U.S. Public Opinion On Immigration.
(Cover story)’, World Affairs, 181(2), pp. 181–205. Available at:
http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=131824852&site=ehost-live
(Accessed: 26 September 2018).
Mason, P. (2018) ‘The end of globalisation’, New Statesman, 147(5425), pp. 26–27. Available
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Mounk, Y. (2018) ‘America Is Not a Democracy’, Atlantic, 321(2), pp. 80–87. Available at:
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Narine, S. (2018) ‘US Domestic Politics and America’s Withdrawal from the Trans-Pacific
Partnership: Implications for Southeast Asia’, Contemporary Southeast Asia: A Journal of
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(Accessed: 26 September 2018).

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Posen, A. S. (2018) ‘The Post-American World Economy’, Foreign Affairs, 97(2), pp. 28–38.
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Sullivan, J. (2018) ‘The World After Trump’, Foreign Affairs, 97(2), pp. 10–19. Available at:
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