Global & International Business & World Trade

COURSE OBJECTIVE

  1. To introduce the student to current theory and practice in international business and compare those practices with Canada.
  2. To enhance the student’s ability to produce creative, action-oriented, practical solutions to international business problems.

This course requires considerable reading and/or preparation of case studies for each class. Failure to adequately prepare will reduce the learning that this course can offer. Your ability to analyze information will be constantly challenged.

COURSE DESCRIPTION

This course provides a broad introduction to international business and world trade in the contemporary world. Accordingly, the course covers a wide range of material touching on the international environment and on the operational issues encountered by firms doing business within that environment. It will seek to integrate and expand on the principles learned in core courses throughout the Commerce program. It will also focus on ethical issues in the international environment, seeking to show students how Multi National Corporation (MNC) actions impact on the rest of the world. Approximately half of the course will focus on trade, investment theory, and the environment, the remainder on strategy and the adaptation of managerial activities to the international environment. We will seek to use Pakistani and Asian practices as a comparison point.

LEANING OUTCOMES

Upon completion of this course, students will be able to complete the following key tasks:

? Understand some of the complexities of doing business in foreign markets.

? Analyze the business environment of a foreign market and identify the business opportunities.

? Provide action oriented plans to maximize opportunities that arise.

? Evaluate various entry strategies and co-ordinate the firm and the foreign market, in choosing between these strategies.

REQUIRED COURSE MATERIALS AND READINGS

S.No. Title Author(s) Assigned Code
1 International Business, The Challenges of Globalization, 3rd edition,

Pearson Prentice Hall, 2006

Wild, Wild & Han, WWH
2 International Business (7th edition), 2005 Michael R. C. et al MRC
3 International Business and the Dilemmas of Development, 2004, Houndsmills, Basingstoke: Palgrave Macmillan Bird, F. et al BF

Contents:

LecturesNo. Description Text Books
1 Introduction:

  • Introduction to International Business & World Trade: Format of the Course.
 
2,3,4 Trade Theories:

  • Reasons For and Against Going International
  • Why Restrict or Promote Trade? Timeline of Study
  • Means of Entering International Markets
  • Factor Proportions Theory
  • Product-oriented Trade Theories
  • The New Trade Theory
  • Porter’s International Diamond
  • Tools used to Restrict and Promote Imports and Exports
WWH

BF

5 Political and Legal Forces:

  • Understanding, Assessing and Protecting Yourself Against Political Risks
  • Country Risk Assessment
  • Laws applying to IB
WWH
6,7 International Organizations:

  • UN
  • NATO
  • The World Bank
  • GATT or World Trade Organization
  • OECD
  • The IMF
  • OPEC
WWH

MRC

BF

8,9,10 International Market Research:

  • Selecting Target Markets
  • The Process of Obtaining Primary and Secondary Data
  • Estimating Market Size
  • Factors for Standardization vs. Customization
  • Product and Promotion Adaptation
  • Pricing in Foreign Markets
  • Distribution
MRC

WWH

11,12 Culture:

  • Aspects of Culture and Impact on IB
  • Geographic Perspective on International Business
  • The Elements of Culture
  • Making Culture for Business Success
MRC
13,14
  • Case Studies
  • Case Study Presentation
  • Seminar Discussion
 
15 MID-TERM EXAMINATION  
16,17 Human Resources:

  • Recruiting, Training and Developing, Compensating and Repatriating International Personnel in Foreign Countries.
BF
18,19 Economic Integration:

  • Types with pros and cons to bloc and non-bloc Countries
  • Levels of Economic Integration
  • European and North American Economic Integration
  • Economic Integration and the International Business
  • The European Union (EU)
  • NAFTA and other Blocs
BF
20
  • Case Studies
  • Case Study Presentation
  • Seminar Discussion
Assignment
21,22 Balance of Payments:

  • How it is laid out and how to use it to Predict Future Government Imperfections
  • Fundamentals of Balance of Payments Accounting
  • The Balance of Payments and Economics Crises
BF

MRC

23,24 Financial Aspects of the International Environment:

  • Currency and Capital Markets
  • Financial Risk Management
  • Currency Swaps
  • Natural and Contractual Hedging
  • Counter Trade
MRC

WWH

25,26 The International Monetary System:

  • The Gold Standard
  • Exchange Rate Regimes
  • Purchasing Power Parity
WWH
27,28 Trade and Investment Policies, Politics and Law

  • Rationale and Goals of Trade and Investment Policies
  • Changes in the Global Policy Environment
  • International Relations and Laws
  • The Home-Country Perspective
  • International Relations and Laws
MRC
29,30 Logistics and Supply-Chain Management

  • Supply-Chain Management
  • The New Dimensions of International Logistics
  • International Inventory, Packaging and Storage Issues
MRC
31
  • Case Studies
  • Case Study Presentation
  • Seminar Discussion
 
32 FINAL EXAMINATION  

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