Global Management 3
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The document summarizes several key topics related to world trade: 1) It outlines the main world institutions associated with world trade, including the International Monetary Fund, World Bank, World Trade Organization, and Organization for Economic Cooperation and Development. 2) It explores the main economic theories of world trade from comparative advantage to more modern theories. 3) It discusses the relevance of trade theories and barriers/regulations for multinational enterprises and companies seeking to engage in international trade.
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403 ib International Business Environment course notes
Unit 1: Environmental Context of International Business, Framework for analyzing international
business environment – Domestic, foreign and global environments and their impact on
international business decisions.
Global Trading Environment: World trade in goods and services – Major trends and developments;
World trade and protectionism – Tariff and non-tariff barriers; Counter trade.
Unit 2: International Financial Environment: Foreign investments -Pattern, Structure and effects;
Movements in foreign exchange and interest rates and then impact on trade and investment flows.
Unit 3: International Economic Institutions and Agreements: WTO, IMF, World Bank UNCTAD,
Agreement on Textiles and Clothing (ATC), GSP, GSTP and other International agreements;
International commodity trading and agreements.
Unit 4: Multinational Corporations and their involvement in International Business: Issues in
foreign investments, technology transfer, pricing and regulations; International collaborative
arrangements and strategic alliances.
Unit 5: Regional Economic Groupings in Practice: Regionalism vs. multilaterallism, Structure and
functioning of EC and NAFTA; Regional economic cooperation. Emerging Developments and
Other Issues: Growing concern for ecology; Counter trade; IT and international business.
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This document contains a review questions bank for an MBA course on International Business Environment. It includes 52 questions across various topics related to international business environment. Some of the key topics covered in the questions include defining international business and analyzing international business environment, understanding the role of organizations like World Bank, Asian Development Bank, GATT, WTO, UNCTAD, issues related to multinational corporations like their types, critics and defenders, technology transfer barriers and issues, external macro environment forces, reasons for going global, political and legal environments faced by global businesses, foreign investment types and flows. The questions require analysis and discussion of various concepts, frameworks, objectives, functions, arguments related to international business environment.
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Unit 1: Environmental Context of International Business, Framework for analyzing international
business environment – Domestic, foreign and global environments and their impact on
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Global Trading Environment: World trade in goods and services – Major trends and developments;
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Movements in foreign exchange and interest rates and then impact on trade and investment flows.
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arrangements and strategic alliances.
Unit 5: Regional Economic Groupings in Practice: Regionalism vs. multilaterallism, Structure and
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Other Issues: Growing concern for ecology; Counter trade; IT and international business.
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business environment – Domestic, foreign and global environments and their impact on
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Global Trading Environment: World trade in goods and services – Major trends and developments;
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WELCOME TO SEMINAR 10March 11, Wed. 10-11 pm ET MT44.docx
WELCOME TO
SEMINAR 10
March 11, Wed. 10-11 pm ET
MT445-01
MANAGERIAL ECONOMICS
INSTRUCTOR: PAUL CHOI, PH.D.
1
LIVE SEMINARS
(Wednesday 10-11 PM ET)
Live Seminar Schedule:
• Live Seminar 1: January 7 (Wednesday 10-11 pm ET)
• Live Seminar 2: January 14 (Wednesday 10-11 pm ET)
• Live Seminar 3: January 21 (Wednesday 10-11 pm ET)
• Live Seminar 4: January 28 (Wednesday 10-11 pm ET)
• Live Seminar 5: February 4 (Wednesday 10-11 pm ET)
• Live Seminar 6: February 11 (Wednesday 10-11 pm ET)
• Live Seminar 7: February 18 (Wednesday 10-11 pm ET)
• Live Seminar 8: February 25 (Wednesday 10-11 pm ET)
• Live Seminar 9: March 4 (Wednesday 10-11 pm ET)
• Live Seminar 10: March 11 (Wednesday 10-11 pm ET)
• It is strongly suggested that you attend the graded seminar at the regularly scheduled time. If you are unable to attend the seminar, you can complete the following assignment.
2
UNIT 10 READING
Chapter 9 discusses the United States in the international economy; comparative advantage in international trade; how countries gain from international trade; government policies that restrict international trade; and the argument over trade policies and globalization.
3
UNIT 10 READING
Chapter 30 discusses exchange rate systems, the current exchange rate system, and international capital markets.
4
READING: CHAPTER 9
The United States in the International Economy
Tariff: A tax imposed by a government on imports.
Imports: Goods and services bought domestically but produced in other countries.
Exports: Goods and services produced domestically but sold to other countries.
5
READING: CHAPTER 9
Comparative Advantage in International Trade
Absolute Advantage: The ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.
Comparative Advantage: The ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.
Opportunity Cost: The highest valued alternative that must be given up to engage in an activity.
6
READING: CHAPTER 9
How Countries Gain from International Trade
Autarky: A situation in which a country does not trade with other countries.
Increasing Consumption through Trade
Terms of Trade: The ratio at which a country can trade its exports for imports from other countries.
7
READING: CHAPTER 9
How Countries Gain from International Trade
Why Don’t We See Complete Specialization?
• Not all goods and services are traded internationally.
• Production of most goods involves increasing opportunity costs.
• Tastes for products differ.
8
READING: CHAPTER 9
How Countries Gain from International Trade
Where Does Comparative Advantage Come From?
• Climate and natural resources.
• Relative abundance of labor and capital.
• Technology.
• External economies.
External economies: Reductions in a firm’s costs that result from an increase in the.
WTO (World Trade Organization)
This document provides an overview of the World Trade Organization (WTO). It discusses that the WTO is the international organization that oversees global trade rules between nations. The WTO aims to ensure trade flows freely and predictably. It was established in 1995 but built upon the multilateral trading system originally set up under GATT over 50 years prior. The document outlines several key principles and agreements of the WTO system including most favored nation status, national treatment, and agreements on agriculture, services, intellectual property and other areas.
Lecture 5 ib 404 institutional framework for international business
The WTO is run by its member governments through councils and committees made up of all members. Major decisions are made by consensus of members. The highest authority is the Ministerial Conference which meets every two years. Between conferences, the General Council handles day-to-day work. Three broad councils oversee trade in goods, services, and intellectual property. Subsidiary committees address specific issues. The WTO system is based on principles of non-discrimination, freer trade through negotiation, predictability, fair competition, and encouraging development.
Ibm unit 2 international trade and investment
This document provides an overview of international trade and investment topics. It discusses the role of organizations like the WTO and GATT in promoting global trade. It covers various trade theories like comparative advantage and the Heckscher-Ohlin model. The document also examines foreign direct investment, factors influencing FDI, and India's FDI policy. Additionally, it defines regional trade blocks and provides examples of major trade blocks like the EU, NAFTA, and ASEAN.
Absolute advantage, world trade organization(WTO), Exim policy, ASEAN
Here are the key points about ASEAN:
- ASEAN was founded on August 8, 1967 in Bangkok, Thailand by the five original member countries - Indonesia, Malaysia, Philippines, Singapore, and Thailand.
- It was established to promote economic, political, and security cooperation among its members.
- The founding principles include mutual respect for sovereignty, non-interference in internal affairs, and the right of every member state to lead its national existence free from external interference.
- Over the years, ASEAN has expanded to include 10 member countries - the five original members plus Brunei, Vietnam, Laos, Myanmar, and Cambodia.
- ASEAN aims to accelerate economic growth and social progress in the
Chap01
This chapter introduces some key concepts in international finance. It discusses why international finance differs from domestic finance, noting factors like foreign exchange risk, political risk, and market imperfections. It also outlines the goals of international financial management, such as maximizing shareholder wealth. Additionally, it describes trends in globalization like increased economic integration, trade liberalization, privatization, and deregulation that have led to the growth of multinational corporations.
Trade Health I P H U Srilanka
The document discusses how trade policies have impacted health and development. It makes three key points:
1. Global trade rules established by the WTO and trade agreements have prioritized commercial interests over public health by requiring intellectual property protections that increase drug costs and limiting the policy tools available to governments.
2. Agriculture agreements have undermined food security in developing countries by flooding their markets with subsidized imports while exports face barriers, lowering prices.
3. Health services are increasingly viewed as profitable sectors by private companies in developed countries seeking new markets through agreements like GATS, but this risks privatizing healthcare and draining health workers from poor countries.
Daniels08 im
This chapter discusses cross-national cooperation and agreements. It profiles the World Trade Organization and its role in determining global trade rules. It then examines different forms of regional economic integration like free trade agreements and customs unions. It analyzes the potential static and dynamic effects of integration, including trade creation and diversion. Major regional trading blocs like the European Union and North American Free Trade Agreement are then described in detail, including their historical development, organizational structure, and challenges.
Chap 01 and 13
The document discusses various aspects of international trade and finance, including the balance of payments. It begins with an introduction to international trade, noting that the exchange of goods and services across borders allows for greater competition and more affordable products. It then discusses factors that differentiate international trade from domestic trade, such as restrictions on the mobility of labor and capital between countries. The document also examines components of the balance of payments, including the balance of trade, balance on current account, and balance on capital account. It describes how official reserves are used to support currencies under fixed exchange rate systems.
A Theoretical Framework (Modelling) for International Business Management
The international framework with all the institutions and organisations
that determine country’s economic and support policy in emergent situations.
2. Impact of globalisation on international and national policy and activities. 3. The
national framework, which fairly complicated because there are many active players:
a) National economic policy: understanding it and the environment for trade
activities. b) National economic structure and competiveness of the domestic
companies. c) International management capacities. d) Local or regional environment
and conditions for the companies. e) Focus on the world market conditions and their
development
Gatt
The document discusses the key principles of GATT, including non-discrimination, reciprocity, enforceable commitments, transparency, and safety valves. It also covers the various GATT trade rounds from 1947 to 1994 and their topics of negotiation. Additionally, it outlines the demands of developing countries for differential treatment under GATT to support their economies. The principles of GATT helped significantly reduce tariffs and spur global trade growth after World War 2, but new issues like non-tariff barriers and services trade prompted the creation of the WTO through the Uruguay Round negotiations.
pdf_20231204_202355_0000.pdf
1. The document discusses several economic models and arguments related to international trade policy, including the cases for and against free trade, political models of trade policy determination, and the role of international trade negotiations and organizations like the WTO.
2. It describes how preferential trading agreements like NAFTA and the EU can create trade but also potentially divert existing trade away from more efficient non-member nations.
3. The median voter theorem and interest group theory are presented as political models to explain how trade policies are determined in democratic systems.
International financial module book
This document provides an overview of international financial markets and concepts. It discusses multinational corporations conducting international financial management and reasons why firms engage in international business. It also summarizes the foreign exchange market, balance of payments, factors affecting international trade and capital flows, and various international financial markets including the Eurocurrency market, Eurocredit market, and Eurobond market. The document is presented as part of a course on international financial management.
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WELCOME TO SEMINAR 10March 11, Wed. 10-11 pm ET MT44.docx
WELCOME TO SEMINAR 10March 11, Wed. 10-11 pm ET MT44.docx
Lecture 5 ib 404 institutional framework for international business
Lecture 5 ib 404 institutional framework for international business
Absolute advantage, world trade organization(WTO), Exim policy, ASEAN
Absolute advantage, world trade organization(WTO), Exim policy, ASEAN
A Theoretical Framework (Modelling) for International Business Management
A Theoretical Framework (Modelling) for International Business Management
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