For the first time a Chinese star was in the spotlight of the NBA and as a result Yao Ming simultaneously became a world-renowned celebrity and the new face of the NBA and globalization.
Instead of schlepping over to Washington, the gathering of finance ministers and central bank governors is hosted by a member state. Ever since the meeting in Prague was besieged by anti-globalisation rioters, the away fixtures have tended to be held in places that are hard to get to or where the regime tends to take a dim view of protest: At least not from the outside.
The real threat no longer comes from balaclava-wearing anarchists throwing Molotov cocktails but from within. Donald Trump is now the one throwing the petrol bombs and for multilateral organisations like the IMF and World Bank, that poses a much bigger threat.
Now the most powerful man on the planet is saying something different: China has certainly not closed itself off from the global economy but has engaged on its own terms.
When the communist regime wanted to move people out of the fields and into factories it did so through the mechanism of an undervalued currency, which made Chinese exports highly competitive. When the party decided that it wanted to move into more sophisticated, higher-tech manufacturing, it insisted that foreign companies wishing to invest in China share their intellectual property.
It was the way most western countries operated in the decades after the second world war, when capital controls, managed immigration and a cautious approach to removing trade barriers were seen as necessary if governments were to meet public demands for full employment and rising living standards.
The US and the EU now say that China is not playing fair because it has been prospering with an economic strategy that is supposed not to work.
There is some irony in this. The idea that the nation state would wither away was based on three separate arguments. The first was that the barriers to the global free movement of goods, services, people and money were economically inefficient and that removing them would lead to higher levels of growth.
This has not been the case. Growth has been weaker and less evenly shared. The message to displaced workers was that the power of the market was — rather like a hurricane or a blizzard — an irresistible force of nature. This has always been a dubious argument because there is no such thing as a pure free market.
Globalisation has been shaped by political decisions, which for the past four decades have favoured the interests of capital over labour. Finally, it was argued that the trans-national nature of modern capitalism made the nation state obsolete. Put simply, if economics was increasingly global then politics had to go global, too.
There is clearly something in this because financial markets impose constraints on individual governments and it would be preferable for there to be a form of global governance pushing for stability and prosperity for all.
The problem is that to the extent such an institutional mechanism exists, it has been captured by the globalists. Increasingly, voters are looking to the one form of government where they do have a say to provide economic security. And if the mainstream parties are not prepared to offer what these voters want — a decently paid job, properly funded public services and controls on immigration — then they will look elsewhere for parties or movements that will.is also an example of globalization in America’s National Basketball Association (NBA).
The Houston Rockets chose Ming as their number one draft choice in Being drafted by the Rockets didn’t mean that Ming could hop the ﬁ rst plane from China to Houston.
He could leave China only if he had his government’s permission. Globalization is the process of extending social relations across world-space. Globalization has had an increasingly significant impact on international marketing and operating costs.
One of the key drivers of increased international marketing has been reduced costs. The road to the globalization of the NBA started in , with Red Auerbach taking an All-Star Game through Europe, because he was tired of seeing the Soviet Union defeat mere college students.
The trip ended up in Cairo, as Auerbach and the team could not enter the Soviet Union. Globalization poses four major challenges that will have to be addressed by governments, civil society, and other policy actors.
One is to ensure that the benefits of globalization extend to all countries. NBA Globalization: A Three Pronged Strategy With the constant progression and interconnectedness of people and communities around the world, globalization has not only been a subject at the political and economical forefront of everyone’s thoughts, but has also been a hot topic in the world of sports.
The NFL has failed to develop an effective strategy in order to expand its market globally relative to MLB and the NBA. This report will discuss the various threats and opportunities that the NFL faces in the globalization of the sport, and evaluate strategic options in regard to these threats and opportunities.