Академический Документы
Профессиональный Документы
Культура Документы
Course requirements
Learning experiences needed in this course are as follows:
Analytcal skills
Multicultural and diversity understanding
Understanding of ethical and legal responsibilities in
organizations and societies
Understanding of domestic and global economic environments
for organizations
Main mandatory textbook is: Hill, Charles W.L., International
Business 6th (7th, 8th) Edition, Irwin-McGraw-Charles W.L.
Hill.
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Course content
Introduction
Globalization
National differences in Political economy
National differences in culture and ethics in International Business
International Trade Theory
Political economy of International Trade
Foreign direct investments
Regional Economic Integration
Foreign Exchange Market
Review classes and exams
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chapter
Globalization
Chapter Topics
Definition of Globalization
Emergence of Global Institutions
Drivers of Globalization
Changing Demographics of the Global Economy
Globalization Debate
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What is Globalization?
Hills Definition:
The shift towards a more integrated and
interdependent world economy
Are there other definitions?
Modern view about Globalization (video)
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Globalization of Markets
Historically distinct and separate national markets are
merging into a global marketplace in which the tastes
and preferences of consumers in different nations are
beginning to converge upon some global norm
Examples:
Sony Playstation
Coca-Cola
McDonald's hamburgers
countries!
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Globalization of Production
Tendency among firms to source goods and services
from different locations around the globe in an
attempt to take advantage of national differences in
the cost and quality of factors of production (e.g.,
land, labor, capital, and energy), allowing them to
compete more effectively against their rivals.
Examples:
Boeing
Apple
Nike
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Global Institutions
World Trade Organization (WTO): responsible for
policing the world trading system and ensuring that
nations adhere to the rules established in WTO treaties
- In 2008, 151 nations accounting for 97% of world trade
were members of the WTO
International Monetary Fund (IMF): maintains
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Global Institutions
World Bank: promotes economic development
United Nations (UN): maintains international peace
and security, develops friendly relations among
nations, cooperates in solving international problems
and promotes respect for human rights, and is a center
for harmonizing the actions of nations
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Drivers of Globalization
Two macro factors underlie the trend toward
greater globalization:
Declining trade and investment barriers
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Implications of Globalization
for Business
Improvements in transportation technology have
enabled firms to better respond to international
customer demands
Managers today operate in an environment that offers
more opportunities, but is also more complex and
competitive than that of a generation ago
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Changing Picture of
Global Economy
In the 1960s:
U.S. dominated the world economy and the world
trade picture
U.S. multinationals dominated the international
business scene
About half the world-- the centrally planned
economies of the communist world-- was off limits to
Western international business
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Changing Nature of
Multinational Enterprises
Rise
Increase
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Globalization Debate
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to low-wage nations
Supporters of globalization argue that free trade will result in
countries specializing in the production of those goods and services that
they can produce most efficiently, while importing goods and services
that they cannot produce as efficiently specialization brings high paid
jobs
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National Sovereignty
Critics: of globalization worry that economic power is
Worlds Poor
Critics of globalization argue that the gap between rich
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Managing an
International Business
Managing an international business (any firm that
engages in international trade or investment) is different
from managing a domestic business because:
- Countries and cultures differ