Reference no: EM132248806
Chapter 1:
1. What is globalization?
- what do companies, countries gain from globalization?
- Three drivers that helped fuel globalization process in the past few decades?
- Pick one case against globalization (e.g. loss of jobs, exploitation of environment, loss of sovereignty, etc). Explain it, state whether benefits outweigh the costs (in your case)?
2. Explain the role of global intuitions in governing the globalization process:
- World Bank
- United Nations
- International Monetary Fund
- World Trade Organization (WTO)
- Forums such as such as G7, G20, etc
Chapter 2:
3. What is the meaning of the term political economy?
- Explain about Adam Smith's ‘invisible hand' in The Wealth of a Nation?
- What is a mixed economy?
- Difference between common law vs civil law?
4. Explain:
- Anti-trust laws
- Foreign Corrupt Practices Act
- Trade-Related aspects of Intellectual Property Rights (TRIPS)
- Difference between patent, copyright, trademark as forms of intellectual property protection
Chapter 3:
5. Development of countries was historically measured by economic terms. Explain the terms:
- Gross National Income (GNI)
- What is the difference between Gross Domestic Product (GDP) and GNI?
- Purchasing Power Parity (PPP)
- Economist Amartya Sen introduced countries' development measures in broader terms. Explain what is Human Development Index (HDI)
6. Explain
- Does geography has anything to do with countries economic development? [this is not in the book, butcheck Jared Diamond's guns germs steel. Also check Ashraf and Galor's role of genetic diversity in economic development]
- Do Muslim dominated countries embrace ‘western style' development? Fukuyama's end of history theory vs Huntington's clash of civilizations theory
Chapter 4:
7. What is culture?
- Define values, norms, folkways, mores
- What is ethnocentrism?
8. Economic / developmentimplications of religions:
- Islam towards market based system?
- Islam towards banking. What is riba (similar to usury) and mudarabah?
- Hinduism towards engage in entrepreneurship
- Buddhism towards globalized economy and large scale institutions and MNCs
- Confucianism towards works ethics. What is Loyalty, guanxi, honesty
Chapter 5:
9. Explain:
- Tragedy of commons
- Foreign Corrupt Practices Act (FCPA). Is "facilitating payments" allowed under FCPA?
- Ethical dilemma
10. Explain the following approaches to Ethics:
- Straw Man approach
o Friedman Doctrine
o Cultural relativism (When in Rome, do as the Romans)
o Righteous moralist
o Naïve immoralist
- Utilitarian approach
- Kantian ethics approach
Textbook - International Business Competing in the Global Marketplace 12th Edition by Charles W. L. Hill and G. Tomas M. Hult