Chapter 5: International Trade Theory Items to accomplish for this chapter: • Answer the questions below in the Discussion Forum 1. Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. 2. Is free trade fair? Discuss 3. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often chaacterize as "unfair" import competition. Is such competition "unfair"? Do you think that this arguement
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International Business Lecture Notes Collin Starkweather1 September 2012 1 Copyright c Collin Starkweather 2012. All rights reserved. 2 Contents 1 International Business Culture and Practices 1.1 Values . . . . . . . . . . . . . . . . . . . . 1.2 The Determinants of Culture . . . . . . . . 1.2.1 Hofstede’s Cultural Dimensions . . . 1.2.2 Trompenaars’s Cultural Dimensions 1.2.3 Country Clusters . . . . . . . . . . . 1.3 Social Stratification . . . . . . . . . . . . . 1.4 Cultural
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International Strategy Internationalization has been the most important force to reshape the competition and industry profitability in the last half-century. It still remains an appealing strategy for firms to lower cost‚ expand market and achieve better performance. This essay will first discuss the patterns of internationalization in general‚ and then move on to analyze the reasons why firms internationalize‚ among which the establishment of competitive advantage is crucial. More attentions will
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Relate International Terrorism with Ethno-National Identity Problem What is the root cause of terrorism? What drives a terrorist group to commit acts of violence? Is it the environment they are born in to or is it a trait that is developed over time as a result of their upbringing? The term ethno-nationalism can be defined as “the combination of both ethnic and national identities in some way for a political purpose‚ usually to infer superiority over some other group or groups”. This identity is
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TUTORIAL 1: INTRODUCTION TO INTERNATIONAL PURCHASING Section A : Discussion Questions 1) What are the main objectives of Purchasing in any organization? Please elaborate for each objective. a. Maintain continuity of supply The organization must ensure the continuous availability of material‚ supplies and equipments to maintain production schedule or to avoid disruption in production. Purchase products and services at the right quality from the right supplier in the right quantity at
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Question 1 a. The dollar is presently weak and is expected to strengthen over time. These expectations affect the tendency of U.S investors to invest in foreign securities because the value of U.S dollar decrease will lead to the U.S company get less profit and earn less money. Consequently‚ U.S companies will pay fewer dividends for investors who invest in these companies. So‚ investors will tend to invest in foreign securities where they can get higher dividend. On the other hand‚ a weak currency
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processes are superior. An ethnocentric company that neither sources inputs from‚ nor seeks market opportunities in the world outside the home country may be classified as an international company. A company that does business abroad while still presuming the superiority of the home country may be classified as an international company. Such a company would rely on an extension strategy whereby it would export‚ without adaptation‚ products designed for the domestic market. The polycentric orientation
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1. What are strengths and weakness of Malaysian Tourism industry.(10M) Strengths Weakness Multi culture Communication Outstanding nature World Heritage Landing The attitude of the people Transportation Hygiene New rival country Strengths Multi-culture is one of the biggest strengths that Malaysian Tourism has because we have 3 main different cultures living together which is Malays‚ Chinese and Indian. Besides that‚ we also have other culture in Sabah and Sarawak which is Iban‚ Kadanzan
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Introduction Chiba International is an American subsidiary of a Japanese company: Chiba Electronics. Chiba International is based in San Jose‚ California and has 70% of market share in the United States. They manufacture and sell high-quality electronics parts for integrated circuits. Chiba counts 14 out of the 24 top executives and 65 out of the 70 salesmen which are American. Japanese and American cultures are very different and the way to run a business is very different too. In this case
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Discussion Questions 1. Why are Russia and Eastern Europe of interest to international managers? Identify and describe some reasons for such interest in Russia or Eastern Europe. 2. MNCs from emerging markets are beginning to challenge the dominance of developed country MNCs. How might MNCs from America‚ Europe‚ and Japan respond to these challenges? Identify and describe: What kind of cultural challenges facing Taiwan or German entrepreneurs while entering the market of Swedish culture? (Note:
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