A Cautionary Tale For Globalization

Featuring Robert Salomon

While companies continue to pursue global dominance, Robert Salomon, NYU Stern professor and author of “Global Vision: How Companies Can Overcome the Pitfalls of Globalization,” is waving a flag of caution. Salomon says there are several crucial factors that managers are not considering when expanding operations overseas, which include the varying political, cultural and economic views in different nations. Filmed April 24, 2018 in New York.

Published on
9 July, 2018
Business Strategy, Politics, Globalization
25 minutes
Asset class


  • MS

    Matt S.

    18 7 2018 04:04

    2       1

    Xenophobia? No brother - it's called protecting one's own culture and traditions. Infinitely more important than making some money in the stock markets.

  • jm

    judith m.

    18 7 2018 01:24

    1       0

    Don't agree but his delivery was clear, thorough and interesting.

  • WB

    William B.

    13 7 2018 05:00

    1       0

    Excellent! Wish it had been published much sooner.

  • TG

    TEDDY G.

    12 7 2018 07:26

    0       3

    Stop at 2minutes mark when this idiot (sorry no other word considering the statement) mentioned how UBER "lost 2 billions in cash". Uber owns 20% of DIDI thanks to selling their China operation to them, how much do you think this is worth ?

  • DP

    David P.

    12 7 2018 02:37

    0       1

    Great video. Brngs

  • WG

    Wade G.

    11 7 2018 01:00

    0       3

    I loved being a student back in the day, but I can't imagine being excited about this material. Wondering if this is not great (I don't want to be over-the-top rude about it) or if I've moved on that much...

  • ZY

    ZHENG Y.

    11 7 2018 00:07

    1       1

    Actually i like the video that spark most debate in the comment part, meaning there is a space for discussion. (Almost 50% thumb up and down) Great conversation starter.

  • JG

    Jory G.

    10 7 2018 18:34

    7       2

    I worked in and was general manager of a packaging manufacturing company for 50 years. During that time saw dozens of companies leave our area for other countries. Thousands of jobs that paid good wages and had good benefit packages were lost. Most of those who lost jobs either took multiple jobs to maintain their standard of living or lowered their standard of living, or left the area to try to find better opportunity. For many is was a dramatic change in lifestyle.
    While not a protectionist, I do not think higher taxes on the rich or more education is the solution. Academia as far as I can tell has had little to do with economic prosperity. I tend to agree with famous Oklahoman Will Rogers who was quoted as saying "An economist's guess is likely to be as good as anybody's."

  • PU

    Peter U.

    10 7 2018 13:13

    7       8

    Remove this video, not worthy of RV, imo

  • HH

    Heath H.

    10 7 2018 12:05

    1       0

    Audio failed

  • AD

    Anthony D.

    9 7 2018 18:41

    5       0

    mate you should see how uber has impacted in emerging markets was in Kenya last summer and uber are with you within a minutes. but they actually plugged a hole in the market where taxis before ripped people off.

    The changes/disruptions will get more pushback in developed markets.

    one thing I agree with is parachuting expertise with under of local context increases probability of failure.

  • HO

    H2 O.

    9 7 2018 17:36

    11       0

    The statistics cited are not necessarily untrue, but this analysis doesn't look at the most important known unknown at all, and that is the impact of corporate internal transfer pricing regimes on the global distribution of profits. Have run JVs in China and other EMs and always did so at a small loss by design so profits could be attributed offshore to lower tax jurisdictions that would not take my FX hostage in the form of capital controls. Without unpacking supply chains and transfer pricing regimes any analysis of corporate profitability in geographic terms is close to worthless. Large companies do not address this in their reporting, intentionally.

  • SS

    Sam S.

    9 7 2018 17:16

    15       6

    This piece is mostly non-sense. Great Depression can not be blamed on a single reason like tariffs and trade. Much more complex. Trump is a DEAL maker. Not sure how many deals Mr. Salomon has made with his own money on the line, but Trump's made hundreds of really big deals. Deal makers start off asking for the world, everyone comes running and screaming how terrible it all is, then compromise on a much more FAIR deal. Past administrations have given away the farm and raided the US Treasury. Trump is the symptom, not the cause. USA needs to make better deals and more win - win deals for us and not all for them. Anyone pay attention to how many leaders, both political and corporate, showed up at Trump Tower right after Trump got elected but wasn't sworn in yet???? They were there making deals. Clinton pay for play foundation was a fraud and has crumbled. More taxes---really----tax less, regulate less and people will spend more, play more and the economy will thrive! I'm just saying.

  • SH

    Steve H.

    9 7 2018 16:58

    8       3

    I wonder how many of those making negative comments have ever had the opportunity to establish a JV or other form of operation in a culturally very different market. I had that opportunity nearly 40 years ago in Korea and then several more times after that. I don't see anything wrong with this presentation. The bit at the end about redistribution doubtless offends the one percent and their useful idiots, who - presumably - see an optimal solution lying in the ongoing polarisation of our societies, with all the socio-political and economic disruption which will almost certainly be the ultimate end-game.

  • RR

    Roman R.

    9 7 2018 16:45

    2       0

    I’m puzzled by the 1%/99% conversation here in the context of unfairness. What does he mean and what’s the proposal? The fact that due to the globalization hundreds of millions of people get out of property is shadowed in his view by the fact that the corporations got richer?

  • JL

    Joe L.

    9 7 2018 15:32

    7       2

    The stuff about US companies investing internationally was interesting. His comments on globalization are foolish. Fix the corrupt globalization to the benefit of the 1% by raising taxes? Riiiiiiight.

  • VC

    Vince C.

    9 7 2018 15:31

    14       2

    Higher taxes! Because the government surely knows how to redistribute money fairly. Great way to de-incentivise and reduce productivity. And, last I checked "globalisation" has benefited more than just 10% of the population.
    Globalisation itself what a buzzword... the world has been globalising since the beginning of mankind, limited only by a time period's infrastructure and networks.

  • PU

    Peter U.

    9 7 2018 13:50

    6       1

    didn't / couldn't even finish it

  • SZ

    Scott Z.

    9 7 2018 12:38

    1       0

    The audio file download for this episode seems to be corrupted

  • JH

    John H.

    9 7 2018 12:24

    1       1

    Wealthiest companies and individuals enjoy higher taxes because increased reliance on their products & services leads to them dictating policy. Just look at Virgin, they'd love more money to the NHS because that will lead to them "winning" more work when it is "outsourced." World needs to move away from dependencies on monopolies by increasing competition, lowering taxes and awarding contracts to smaller firms

  • sm

    stephane m.

    9 7 2018 10:55

    20       5

    We see his true color at the end of the clip... I'm not surprise by his conclusion (the government needs more money to pay for his pension!!).