Professional Documents
Culture Documents
International Business
International Business
WHAT IS GLOBALIZATION?
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Chapter 1: Globalization
Global institutions:
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Chapter 1: Globalization
DRIVERS OF GLOBALIZATION
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Chapter 1: Globalization
In the 1960s:
• The 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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Chapter 1: Globalization
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Chapter 1: Globalization
• Countries differ
• Managers face a greater and more complex range of problems
• International companies must work within the limits imposed
by governmental intervention and the global trading system
• International transactions require converting funds and being
susceptible to exchange rate changes
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Chapter 2: National Differences
in Political Economy
POLITICAL SYSTEMS
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Chapter 2: National Differences
in Political Economy
ECONOMIC SYSTEMS
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Chapter 2: National Differences
in Political Economy
LEGAL SYSTEMS
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Chapter 2: National Differences
in Political Economy
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Chapter 2: National Differences
in Political Economy
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Chapter 2: National Differences
in Political Economy
STATES IN TRANSITION
• There has been a move away from centrally planned and mixed
economies towards free markets
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Chapter 2: National Differences
in Political Economy
STATES IN TRANSITION
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Chapter 2: National Differences
in Political Economy
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Chapter 3: Differences
in Culture
INTRODUCTION
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Chapter 3: Differences
in Culture
WHAT IS CULTURE?
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Chapter 3: Differences
in Culture
SOCIAL STRUCTURE
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Chapter 3: Differences
in Culture
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Chapter 3: Differences
in Culture
EDUCATION
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Chapter 3: Differences
in Culture
• Power Distance
• Individualism Versus Collectivism
• Uncertainty Avoidance
• Masculinity Versus Femininity
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Chapter 3: Differences
in Culture
CULTURAL CHANGE
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Chapter 4: Ethics in
International Business
INTRODUCTION
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Chapter 4: Ethics in
International Business
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Chapter 4: Ethics in
International Business
ETHICAL DILEMMAS
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Chapter 4: Ethics in
International Business
• Personal Ethics
• Decision Making Processes
• Organizational Culture
• Unrealistic Performance Expectations
• Leadership
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Chapter 5: International
Trade Theory
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Chapter 5: International
Trade Theory
MERCANTILISM
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Chapter 5: International
Trade Theory
ABSOLUTE ADVANTAGE
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Chapter 5: International
Trade Theory
COMPARATIVE ADVANTAGE
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Chapter 5: International
Trade Theory
HECKSCHER-OHLIN THEORY
Hecksher and Ohlin argued that that countries will export goods
that make intensive use of those factors that are locally abundant,
while importing goods that make intensive use of factors that are
locally scarce.
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Chapter 5: International
Trade Theory
THE PRODUCT LIFE CYCLE THEORY
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Chapter 5: International
Trade Theory
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Chapter 5: International
Trade Theory
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Chapter 5: International
Trade Theory
• Factor Endowments
• Demand Conditions
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Chapter 5: International
Trade Theory
FOCUS ON MANAGERIAL IMPLICATIONS
• Location
• First-Mover Advantages
• Government Policy
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Chapter 6: The Political Economy
of International Trade
INTRODUCTION
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Chapter 6: The Political Economy
of International Trade
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Chapter 6: The Political Economy
of International Trade
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Chapter 6: The Political Economy
of International Trade
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Chapter 7: Foreign Direct
Investment
INTRODUCTION
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Chapter 7: Foreign Direct
Investment
FDI takes on two main forms:
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Chapter 7: Foreign Direct
Investment
FOREIGN DIRECT INVESTMENT IN THE WORLD
ECONOMY
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Chapter 7: Foreign Direct
Investment
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Chapter 7: Foreign Direct
Investment
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Chapter 8: Regional
Economic Integration
INTRODUCTION
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Chapter 8: Regional
Economic Integration
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Chapter 8: Regional
Economic Integration
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Chapter 8: Regional
Economic Integration
THE CASE AGAINST REGIONAL INTEGRATION
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Chapter 8: Regional
Economic Integration
There are two trade blocks in Europe: the European Union (EU)
and the European Free Trade Association. Of the two, the EU is
by far the more significant, not just in terms of membership, but
also in terms of economic and political influence in the world
economy.
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Chapter 8: Regional
Economic Integration
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