Thompson, D. (2014, January 24). The story of globalization in 1 graphLinks to an external site.: A crystal clear picture of the world's winners and losers in the generation. The Atlantic Magazine. From the work of Branko Milanovic, Lead Economist, Research Department, The World Bank.

Then address the following questions to assess the risks associated with foreign investment and financing of offshore operations.

1. Provide a description of the Elephant Graph?what is depicted?
2. Assess the natures of the risks typically associated with foreign direct investment and financing of offshore operations?
3. Do you think that multinational corporations (MNCs) have created new political and policy risks by the nature of their foreign direct investments and offshore operations?
4. Has globalization led to deteriorating labor conditions in the developed world? Why or why not?
5. If you were on the Board of Directors of an MNC, what policies would you recommend regarding ethical and corporate social responsibility to guide MNC investments and operations?

Global income growth from 1988 to 2008 90 80 Booming 70 global elite 60 50 Rising Incomes in emerging economies, Decline of Real income growth, % 40 mainly China developed world middle-class 20 Very poorest 10 locked out of growth 15 25 35 45 55 65 75 95 -10 Poorest Richest