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IBUS2301 - Tutorial #1 - Chapter 1 - Globalization
 

IBUS2301 - Tutorial #1 - Chapter 1 - Globalization

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Slides accompanying first tutorial for IBUS2301, International Business Management. The first tutorial goes over the basic concepts and institutions concerning our globalized society. The WTO, IMF, ...

Slides accompanying first tutorial for IBUS2301, International Business Management. The first tutorial goes over the basic concepts and institutions concerning our globalized society. The WTO, IMF, and World Bank are covered in particular detail, including the controversies surrounding these institutions.

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  • Begin this first tutorial with brief introduction to:-course (very brief)-yourself-student introductions
  • Remind students to PIE (persuade, inform, and entertain)
  • Attendance is calculated by giving informed feedback on evaluation sheets every week + subjective element
  • http://www.seattlepi.com/local/seattle-history/slideshow/P-I-archive-1999-WTO-protest-6156.php
  • Niketown: http://www.flickr.com/photos/michaelholden/7140103827/sizes/l/Window A sign: http://www.flickr.com/photos/sonoazure/3039764637/sizes/o/Truck: http://www.flickr.com/photos/matthagen/2695595267/sizes/o/Batons: http://www.flickr.com/photos/djbones/125522964/sizes/l/
  • Korea: http://bilbo.economicoutlook.net/blog/?p=23891IMF: http://alternativeeconomics.wordpress.com/2012/04/09/imfs-track-record-and-tactics/Greece: http://edition.cnn.com/2010/WORLD/europe/12/15/greece.strikes/Aldi: http://www.dailymail.co.uk/news/article-1257243/Greek-riots-Up-60-000-people-streets-protest-government.html

IBUS2301 - Tutorial #1 - Chapter 1 - Globalization IBUS2301 - Tutorial #1 - Chapter 1 - Globalization Presentation Transcript

  • IBUS2301: International Business Management Tutorial #1, March 10 and 11 Chapter 1: Globalization Tutor: Preston Teeter, p.teeter@business.uq.edu.au
  • Class Rules • • • • Mobiles/laptops/etc: silent, off, and away! Be on time, every time Courteous to others at all times Come prepared and participate IBUS2301: Int’l Business Mgmt
  • Outline • • • • Overview of tutorials The globalization debate World Trade Organization (WTO) Bretton Woods Institutions (IMF/World Bank) IBUS2301: Int’l Business Mgmt
  • OVERVIEW OF TUTORIALS IBUS2301: Int’l Business Mgmt
  • Structure • 50 minutes – 15 minute case presentation – 35 minute seminar on previous week’s lecture • Purpose of seminar – Review and test knowledge – Analyze and debate theories and policies – Go beyond the text IBUS2301: Int’l Business Mgmt
  • Case Analysis • Form 10 groups of 2-3 students • Purpose of presentation – analyze case in depth – engage audience IBUS2301: Int’l Business Mgmt
  • Grading • Case analysis = 15% – Presentation notes = 10% – Weekly assessment = 5% • Grading – – – – 4 (50-64): “demonstrates adequate understanding” 5 (65-74): “demonstrates substantial understanding” 6 (75-84): “frequent evidence of originality” 7 (85+): “consistent evidence of substantial originality” IBUS2301: Int’l Business Mgmt
  • THE GLOBALIZATION DEBATE IBUS2301: Int’l Business Mgmt
  • Globalization • 3 groups: – For globalization – Against globalization – Three or five judges • 7 minutes to prepare • 3 minutes to present your case 3/6/2014 IBUS2301: Int’l Business Mgmt
  • Globalization For Against • • • • • • • • • • Lower prices of G&S Creates jobs Higher incomes Stimulates growth – See Chapters 6, 7, & 8 • Success stories – East Asia and South America 3/6/2014 Global sweatshops Job losses Lower incomes Resource plundering “Cultural imperialism” Hot money flows IBUS2301: Int’l Business Mgmt
  • Source: Seattle PI (URL in notes)
  • Source: Flickr (URL in notes)
  • • • • • 1999 Seattle WTO Protests Largest U.S. demonstration against world meeting • At least 40,000 protesters Participants: NGOs, unions, students, etc. Outcomes • Resignation of police chief • 157 arrests (released and paid $250k total) Known as “The Battle in Seattle” • Film of events by this name
  • WORLD TRADE ORGANIZATION IBUS2301: Int’l Business Mgmt
  • WTO What is the WTO’s origin and purpose? • Preceded by GATT (1948) – General Agreement on Tariffs and Trade • Responsible for policing the world trading system • Promotes lowering barriers to trade • 159 nations as of 2013, HQ: Geneva IBUS2301: Int’l Business Mgmt
  • Source: WTO (URL in notes)
  • WTO What are the main debates concerning the WTO? • Loss of national sovereignty • Too many voices – Failure of Doha Round since 2001 to free agricultural trade • “Promoter of globalization” IBUS2301: Int’l Business Mgmt
  • BRETTON WOODS INSTITUTIONS IBUS2301: Int’l Business Mgmt
  • IMF & World Bank What is the purpose of the IMF and World Bank? IMF • Maintain order in int’l monetary system • Lender of last resort – • Argentina, Indonesia, Mexico, Russia, etc. World Bank • Promote economic development • Low-interest loans to developing nations • HQ: Washington, DC HQ: Washington, DC IBUS2301: Int’l Business Mgmt
  • IMF & World Bank Why are these organizations somewhat controversial? • Strings attached  Loss of sovereignty • Claims of misguided economic theory • Large % of voting rights to developed countries • Sovereign immunity • Prefer large-scale investments when sometimes smallscale investments would better suit conditions IBUS2301: Int’l Business Mgmt
  • Sources (clockwise from top right): Economicoutlook.net, alternativeeconomics, CNN, Dailymail (URL in notes)
  • Questions?