(Credit hours 3) International Business BBA, Third Year, Sixth Semester Course Objective The course aims to help the students in understanding the basics of international business and its environment, and develop the analytical skills required to compete effectively in this environment. 1. Overview of Global Business 4 hours Meaning of international business and globalization, drivers of globalization, overview of changing global picture: declining trade barriers and change
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International Trade Theory Chapter Outline OPENING CASE: The Ecuadorian Rose Industry INTRODUCTION AN OVERVIEW OF TRADE THEORY The Benefits of Trade The Pattern of International Trade Trade Theory and Government Policy MERCANTILISM Country Focus: Is China a Neo-Mercantilist Nation? ABSOLUTE ADVANTAGE COMPARATIVE ADVANTAGE The Gains from Trade Qualifications and Assumptions Extensions of the Ricardian Model Country
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SIX INTERNATIONAL TRADE AND FACTOR MOBILITY THEORY OBJECTIVES • To understand theories of why countries should trade • To comprehend how global efficiency can be increased through free trade • To become familiar with factors affecting countries' trade patterns • To realize why countries' export capabilities are dynamic • To discern why the production factors of labor and capital move internationally • To grasp the relationship between foreign trade and international factor
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the prevalence of trade disputes and war between nations instead of peaceful cooperation between them. In 1776 an English academic and philosopher published a book that broke through will all economic assumptions held to be true at the time, and advocated for a completely different system. His name was Adam Smith and his work became known as “An Inquiry into the Nature and Causes of the Wealth of Nations”. Adam Smith began by disproving the mercantilistic notion of trade protectionism where
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THE INCREASING RETURNS REVOLUTION IN TRADE AND GEOGRAPHY Prize Lecture, December 8, 2008 by Paul Krugman Princeton University, Woodrow Wilson School, Princeton, NJ 08544-1013, USA. Thirty years have passed since a small group of theorists began applying concepts and tools from industrial organization to the analysis of international trade. The new models of trade that emerged from that work didn’t supplant traditional trade theory so much as supplement it, creating an integrated view that made
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IBUS 410- Midterm Review Globalization * Definition: interdependent, integrate * Production- factors of production- land labor capital * Endowment theory * Lower overall cost * Markets- merging markets * Economies of scale * Institutions * Drivers- decline in barriers, tech changes * Implications: * Lower barriers: optimal location * Tech changes: lower costs * 4 trends in changing demographics * MNE- types of companies involved
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Blade in its host country, America. This policy suggested by Ben Holt, the company's CFO, is expected to likely bring significant benefits to the company and its shareholders. However, opportunities always come with challenges. The risks for international trade need to be carefully considered to ensure the effectiveness of the import from and export to Thailand. The advantages and disadvantages that Blade could gain from importing from and exporting to a foreign country such as Thailand will be presented
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The term used by the World Bank and other international organizations to supersede the term GNP. Gross national product (GNP) GDP plus income from non-resident sources abroad Group of 20 (G-20) The group of 19 major countries plus the European Union (EU) whose leaders meet on a biannual basis to solve global economic problems. International business (IB) (1) A business (or firm) that engages in international (crossborder) economic activities and/or (2)
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Course Outline JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW PGDM, PGDM (FS), PGDM (RM) 2011-12, Third Trimester International Economics and Business (Course code: 308) Instructor: Dr. Mahima Sharma (A+B+D), Mr. Mohd. Irfan (C+E) Course Credit: 3 Number of Sessions: 24 Office Ext: 236, 269 Course Overview/objective: There are new realities that are critical for
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Take Home Exam International Business RSM5007 This Exam is due on March 5, 2012 This Exam is to be done individually Question 1. You are asked to write a 1,000 word brief to be submitted to the European Commission on the Rise of China. There is a debate as to whether the EU commission should move to limit (to the extent it can) the rise of China. You are asked to write a brief that would highlight the opportunities created for the European economies by the rise of the China, and the challenges
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