Annual Editions: International Business
Herausgeber: Maidment, Fred H.
Annual Editions: International Business
Herausgeber: Maidment, Fred H.
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The Annual Editions series is designed to provide convenient, inexpensive access to a wide range of current articles from some of the most respected magazines, newspapers, and journals published today. Annual Editions are updated on a regular basis through a continuous monitoring of over 300 periodical sources. The articles selected are authored by prominent scholars, researchers, and commentators writing for a general audience. The Annual Editions volumes have a number of common organizational features designed to make them particularly useful in the classroom: a general introduction; an…mehr
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The Annual Editions series is designed to provide convenient, inexpensive access to a wide range of current articles from some of the most respected magazines, newspapers, and journals published today. Annual Editions are updated on a regular basis through a continuous monitoring of over 300 periodical sources. The articles selected are authored by prominent scholars, researchers, and commentators writing for a general audience. The Annual Editions volumes have a number of common organizational features designed to make them particularly useful in the classroom: a general introduction; an annotated table of contents; a topic guide; an annotated listing of selected World Wide Web sites; and a brief overview for each section. Each volume also offers an online Instructor's Resource Guide with testing materials. Using Annual Editions in the Classroom is a general guide that provides a number of interesting and functional ideas for using Annual Editions readers in the classroom. Visit www.mhhe.com/annualeditions for more details.
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Produktdetails
- Produktdetails
- Annual Editions: International
- Verlag: Dushkin Publishing
- Seitenzahl: 197
- Erscheinungstermin: Oktober 2010
- Englisch
- Abmessung: 272mm x 208mm x 13mm
- Gewicht: 417g
- ISBN-13: 9780073528625
- ISBN-10: 0073528625
- Artikelnr.: 29924658
- Herstellerkennzeichnung
- Produktsicherheitsverantwortliche/r
- Europaallee 1
- 36244 Bad Hersfeld
- gpsr@libri.de
- Annual Editions: International
- Verlag: Dushkin Publishing
- Seitenzahl: 197
- Erscheinungstermin: Oktober 2010
- Englisch
- Abmessung: 272mm x 208mm x 13mm
- Gewicht: 417g
- ISBN-13: 9780073528625
- ISBN-10: 0073528625
- Artikelnr.: 29924658
- Herstellerkennzeichnung
- Produktsicherheitsverantwortliche/r
- Europaallee 1
- 36244 Bad Hersfeld
- gpsr@libri.de
Annual Editions: International Business 16/e
Preface
Correlation Guide
Topic Guide
Internet References
Unit 1: Overview of International Business
Unit Overview
Part A. Introduction to International Business: The World Has Changed
1. Globalization: Where Do We Go from Here?, Abbas J. Ali,
International Journal of Commerce and Management, vol. 18, no. 4, 2008
After the financial crisis and the recession that it spawned, the
question becomes, "Where do we go from here?" Do we continue to do
business as usual, or do we rethink the way business is done? There are
some provocative ideas contained here.
2. China Must Carry the World, Andrew B. Busch, Stocks, Futures and
Options Magazine, February 2009
China faces unique challenges in attempting to respond to the global
recession and its trading partners face challenges in how to respond to
China. Some of those challenges are presented here.
3. The World Is Not Flat, Mark Engler, Dollars and Sense, May/June 2008
Thomas Friedman, columnist for the New York Times, and the author of
The Lexus and the Olive Tree and The World Is Flat, is one of the major
proponents of neo-liberal globalization. But not everyone agrees with
Friedman and not everyone thinks it is such a good thing.
Part B. International Trade Theory: Evolving Ideas on Trade and the
Economy
4. Is Global Trade a Threat or Opportunity?, Jim Champy, Financial
Executive, January/February 2008
Most economists believe that global trade will benefit people in the
long run. But it has become apparent that not everyone is a winner in
the global trade sweepstakes and that long run can be very long indeed.
5. Economists Rethink Free Trade, Jane Sesseen, Business Week, February
11, 2008
Who gains in an era of free trade in a developed society? It would seem
that only a very select few do while the rest of the people in the
developed society are forced to compete with less expensive workers
from developing societies.
6. Globalization with a Human Face, Shikha Dalmia, Reason Magazine,
December 2009
Jagdish Bhagwati is an economist who has often been mentioned as a
candidate for the Nobel Prize in Economics. Here are some of his
thought on free trade, climate change, NAFTA and other regional trade
organizations.
Unit 2: International FinanceUnit Overview
Part A. The International Financial Crisis
7. The Global Debt Bomb, Daniel Fisher, Forbes, February 8, 2010
Coming out of the global recession, many countries will be burdened
with enormous debt. This debt will have long-term consequences for the
countries involved and for the global economy.
8. The World Economy: The Global Financial Crisis and Collapse in World
Trade, Dawn Holland et al., National Institute Economic Review, no.
208, April 2009
How the world financial crisis affected world trade and what is likely
to happen in the next several years is presented here.
9. International Special Report: A Financial Crisis to the West-a
Fundamental Crisis to the East, Ian Traynor, The Guardian (UK),
November 11, 2009
When the financial crisis hit, it presented great difficulties for the
nations of Western Europe, the United States and Japan. But, those
difficulties were nothing compared to the newly liberated economies of
Eastern Europe. For them, it was a disaster.
Part B. Monetary Systems, Financial Markets, Balance of Payments,
Financial Institutions
10. "Everyone Needs to Rethink Everything": Reflections from the IMF's
Former Chief Economist, Multinational Monitor, November/December 2008
This is an interview with Simon Johnson, former chief economist of the
International Monetary Fund and Professor at the Massachusetts
Institute of Technology, Sloan School of Management. He is also a
Senior Fellow at the Peterson Institute for International Economic.
11. The Balance of Payments: Office for National Statistics, Graeme
Chamberlin, Office for National Statistics (UK) Economic and Labour
Review, vol. 3, no. 9, September 2009
This article, from the United Kingdom, explains how the balance of
payments is calculated. The current account, the capital and financial
accounts, the international investment position, net investment income
and recent trends and why they are important is presented using the
United Kingdom as an example.
12. Potential Future Functions of the World Trade Organization, Patrick
Low, Global Governance, 15, July-September 2009
The role of the World Trade Organization (WTO) in the future is
discussed in this article which presents six important issues that the
WTO needs to address in the future.
13. The Wicked Problem of Good Financial Markets, Michael Mainelli,
Journal of Risk Finance, vol. 9, no. 5, 2008
The financial markets have been at the heart of the economic upheaval
that has gripped the global economy. The question is how severe the
crisis really is and how to solve it. It is very complicated and not
just one solution will do.
Part C. Financial Management, Accounting, Foreign Direct Investment
14. Engaging China: Strategies for the Small Internationalizing Firm,
Rolf D. Cremer and Bala Ramasamy, Journal of Business Strategy, vol.
30, no. 6, 2009
Entering into the Chinese market is difficult for any company, but it
is particularly difficult for small multinationals seeking to enter the
market. Here are some strategies that can be used by small
international firms to enter the Chinese market, focusing on companies
from New Zealand.
15. Planning Ahead for IFRS 1: Initial Adoption of IFRS by U.S.
Companies, Joseph M. Langmead and Jalal Soroosh, The CPA Journal,
October 2009
The SEC has issued a proposed roadmap for US public companies to start
complying with the International Financial Reporting Standards (IFRS)
when preparing statements for the SEC. The target date would appear
some time in 2011 and will have a significant impact on how American
businesses report its results.
16. The Global Financial Crisis: What Went Wrong?, Richard Mallett and
Victor Smart, Financial Management (UK), July/August 2009
How did the global financial crisis happen? What were the events that
preceded the crisis and could they be avoided in the future? It began
from a series of events that led to the largest world financial crisis
since at least the Great Depression.
Unit 3: International Organizations and Operations
Unit Overview
Part A. The Global Corporation
17. The Work Left Undone: Perspectives on Small Business Opportunities
in International Trade, Matthew Carr, Business Credit, January 2010
There is great opportunity for small businesses in global businesses,
especially in the import/export sector. The government has recently
stepped-up with new programs to assist small businesses and the
opportunities for assistance remain great.
Part B. Global Corporate Strategy
18. Brazil's Iron Giant Reaches for the Top, Joshua Schneyer, Business
Week, March 3, 2008
Multinational firms do not just come from developed countries. Some of
the largest and most powerful ones come from the developing world, such
as Vale, which is on the brink of becoming the world's largest mining
company.
19. NanoTech Firm Takes Passage to India, Peter Gwynne, Research
Technology Management, May-June 2009
Small high tech firms are going to developing countries to develop,
manufacture, test and market their products before they do so in the
United States and the rest of the developed world. Here is one company
from Massachusetts that is doing it.
20. Tata: Master of the Gentle Approach, Manjeet Kripalani, Business
Week, February 25, 2008
India's Tata Motors recently acquired the truck division of the failing
Korean conglomerate Daewoo. This was one of just a number of overseas
acquisitions Tata corporate has recently made, totaling US$18 billion,
including well known names like Tetley Tea and operations in the UK, US
and Europe. Tata now employs over 300,000 people.
Part C. Global Marketing
21. Rethinking Globalization: Does "Think Global, Act Local" Still
Apply?, Nigel Hollis, Marketing Research, Spring 2009
One of the axioms of international business has been to "Think global,
act local," but does that still apply in today's world? The fact is
that there are few strong global brands. One of the keys to success is
being part of the local culture.
22. Expanding Opportunity at the Base of the Pyramid, David G. Altman,
Lyndon Rego, and Peg Ross, People and Strategy, June 2009
There are 4 billion people living on US$2 a day or less, a group that
represents trillions of potential sales in basic necessities in the
developing world. Strategies for reaching these potential consumers are
discussed.
23. Hailun Piano and the Quest for Quality, Music Trades, February 2010
Hailun Piano of China manufactures high quality pianos, primarily for
the export market, but is now also selling them in China. The obstacles
and opportunities that this company faces are outlined here.
Part D. Global Human Resources
24. Distant Dilemmas, Mark McGraw, Human Resource Executive, January
2010
In some countries, corrupt practices as defined by the Corrupt Foreign
Practices Act are a way of life. In others, because of the current
economic climate, they are on the rise. Helping ex-patriot executives
deal with these situations is the theme of this essay.
25. Jobs on Another Shore, David T. Coe, Finance and Development, March
2008
Off-shoring has become a very controversial practice of firms. But,
off-shoring can work both ways. Jobs can leave a particular country,
but they can also come into a particular country. It is really all
about comparative advantage in the labor market and the skills the
members of the labor force possess.
26. Offshored Headquarters, Allen Smith, HRMagazine, November 2009
More non-US companies are purchasing US firms as a way to enter the
American market. The management of these non-American firms often does
not understand American law or the way business is done in the US,
especially when it comes to employees and the workforce. "Breaking-in"
the new senior management from abroad can be a difficult task.
Part E. Global Business Operations
27. A Material World, Nick Zubko, Industry Week, August 2008
The price of raw materials was increasing dramatically prior to the
recession and will start to increase significantly again once it is
over. Controlling those costs will be a major issue facing companies in
the future.
28. Keynote Panel Session 1: Whose Income Is It? How Business Is Caught
in the Global Competition and Controversy for Tax Revenues, Timothy M.
McDonald et al., Taxes-The Tax Magazine, June 2009
This is a text of a panel discussion from a symposium on international
tax rates and how they impact the cash flow and business decisions of
corporations to expand their businesses and the role governments play
in establishing those taxes.
29. Exploiting the Global Supply Chain, Jeremy N. Smith, World Trade,
May 2008
Expanding the supply chain to include overseas suppliers is not as
simple as just ordering some widgets from outside the country. When
companies start to import their components/goods/products they are
entering into a very different world than the one they have been used
to.
Unit 4: Issues in International Business
Unit Overview
Part A. The Developing World
30. What One Hand Gives, the Other Takes: Industrial Countries' Policy
Coherence for Development, Robert Mendoza, Challenge, September/October
2007
Developed countries have been giving aid to developing countries since
the end of World War II. Yet that aid has been only marginally
effective. This article explores some of the reasons behind this and
also addresses how the effectiveness of foreign aid can be measured
more effectively in the future.
31. Unequal Access, Emily Wax, The Washington Post Weekly Edition,
September 3-9, 2007
The caste system may be outlawed by the constitution in India, but it
is still very much alive. Getting members of the lower castes, which
represent the majority of the population, to participate in India's
booming economy is a problem that India is going to have to address if
it wants to continue to grow and prosper.
32. China and India Go to Africa: New Deals in the Developing World,
Harry G. Broadman, Foreign Affairs, March/April 2008
China and India are starting to take leading roles in foreign direct
investment in Africa. Their investment and trade with Africa now rivals
that of Africa's traditional trading partners, the countries of the
European Union and the United States. For this growth to continue,
certain actions will need to be taken by all parties concerned.
Part B. Ethical Issues in International Business
33. International OHS: Through the Looking Glass of the Global Economy,
Garrett Brown, Occupational Hazards, January 1 2008
Grupo Mexico owns a copper mine just thirty miles south of the US
border in Mexico. Because of a union-management dispute, Grupo Mexico
is attempting to dislodge the union from the mine and performing other
actions that involve the health and safety of the workers. There has
been a strike that has received support from unions in the United
States.
34. Deadly Business in Moscow, Tom Cahill, Bloomberg BusinessWeek,
March 1, 2010
Of the four "BRIC" countries, Russia has been, perhaps, the most
disappointing in terms of economic growth. Part of the reason for that
can be best summed-up in the problem of corruption on the part of the
government, as this article demonstrates.
35. Global Corporate Citizenship: Working with Governments and Civil
Society, Klaus Schwab, Foreign Affairs, vol. 87, no. 1 January/February
2008
Global corporate citizenship refers to a company's role in addressing
issues that have a dramatic impact on the globe such as climate change,
water shortage, infectious diseases and terrorism. It goes beyond the
concept of corporate philanthropy, including social investing,
corporate social responsibility, and corporate social entrepreneurship
in that it is increasingly shaped by forces outside the control of
nation states.
Part C. The Greening of the Global Economy
36. Going Green: The Challenges and the Solutions, Kevin M. Kelly,
Automotive Design and Production, January 2008
The auto industry is attempting to find new ways to become greener than
it has been in the past. This means there will be changes not only in
the use of energy that fuels the cars and trucks but also in the
materials that go into the manufacturing of the vehicles, and also in
the operation of the plants.
Unit 5: The Future and International Business
Unit Overview
37. The New Population Bomb: The Four Megatrends That Will Change the
World, Jack A. Gladstone, Foreign Affairs, January/February 2010
There are trends in the world that can be spotted today that will have
consequences for the next 50 years. Four of them are discussed here
including population growth, urbanization, aging, and the decline of
Europe.
38. The Man Who Named the Future, Gillian Tett, Financial Times
(London), January 16, 2010
Jim O'Neill, the chief economist at Goldman Sachs, is the man who
coined the phrase "BRIC" for Brazil, Russia, India and China. It was a
prediction of the future that has been adopted by many in the financial
and business communities.
39. The Enterprise of the Future, Mark Hennessy, Technology Management,
September-October 2008
What industries are likely to be successful in the future, and what are
some of the common characteristics? Those questions are addressed here.
40. Finding a Job in the 21st Century, John A. Challenger, The
Futurist, September/October 2009
The employment market will look very different in the 21st Century than
in the 20th Century. Keeping one's skills up-to-date will be an
important consideration for all workers and immigration from one
country to another may become far more common in the future.
Test-Your-Knowledge Form
Article Rating Form
Preface
Correlation Guide
Topic Guide
Internet References
Unit 1: Overview of International Business
Unit Overview
Part A. Introduction to International Business: The World Has Changed
1. Globalization: Where Do We Go from Here?, Abbas J. Ali,
International Journal of Commerce and Management, vol. 18, no. 4, 2008
After the financial crisis and the recession that it spawned, the
question becomes, "Where do we go from here?" Do we continue to do
business as usual, or do we rethink the way business is done? There are
some provocative ideas contained here.
2. China Must Carry the World, Andrew B. Busch, Stocks, Futures and
Options Magazine, February 2009
China faces unique challenges in attempting to respond to the global
recession and its trading partners face challenges in how to respond to
China. Some of those challenges are presented here.
3. The World Is Not Flat, Mark Engler, Dollars and Sense, May/June 2008
Thomas Friedman, columnist for the New York Times, and the author of
The Lexus and the Olive Tree and The World Is Flat, is one of the major
proponents of neo-liberal globalization. But not everyone agrees with
Friedman and not everyone thinks it is such a good thing.
Part B. International Trade Theory: Evolving Ideas on Trade and the
Economy
4. Is Global Trade a Threat or Opportunity?, Jim Champy, Financial
Executive, January/February 2008
Most economists believe that global trade will benefit people in the
long run. But it has become apparent that not everyone is a winner in
the global trade sweepstakes and that long run can be very long indeed.
5. Economists Rethink Free Trade, Jane Sesseen, Business Week, February
11, 2008
Who gains in an era of free trade in a developed society? It would seem
that only a very select few do while the rest of the people in the
developed society are forced to compete with less expensive workers
from developing societies.
6. Globalization with a Human Face, Shikha Dalmia, Reason Magazine,
December 2009
Jagdish Bhagwati is an economist who has often been mentioned as a
candidate for the Nobel Prize in Economics. Here are some of his
thought on free trade, climate change, NAFTA and other regional trade
organizations.
Unit 2: International FinanceUnit Overview
Part A. The International Financial Crisis
7. The Global Debt Bomb, Daniel Fisher, Forbes, February 8, 2010
Coming out of the global recession, many countries will be burdened
with enormous debt. This debt will have long-term consequences for the
countries involved and for the global economy.
8. The World Economy: The Global Financial Crisis and Collapse in World
Trade, Dawn Holland et al., National Institute Economic Review, no.
208, April 2009
How the world financial crisis affected world trade and what is likely
to happen in the next several years is presented here.
9. International Special Report: A Financial Crisis to the West-a
Fundamental Crisis to the East, Ian Traynor, The Guardian (UK),
November 11, 2009
When the financial crisis hit, it presented great difficulties for the
nations of Western Europe, the United States and Japan. But, those
difficulties were nothing compared to the newly liberated economies of
Eastern Europe. For them, it was a disaster.
Part B. Monetary Systems, Financial Markets, Balance of Payments,
Financial Institutions
10. "Everyone Needs to Rethink Everything": Reflections from the IMF's
Former Chief Economist, Multinational Monitor, November/December 2008
This is an interview with Simon Johnson, former chief economist of the
International Monetary Fund and Professor at the Massachusetts
Institute of Technology, Sloan School of Management. He is also a
Senior Fellow at the Peterson Institute for International Economic.
11. The Balance of Payments: Office for National Statistics, Graeme
Chamberlin, Office for National Statistics (UK) Economic and Labour
Review, vol. 3, no. 9, September 2009
This article, from the United Kingdom, explains how the balance of
payments is calculated. The current account, the capital and financial
accounts, the international investment position, net investment income
and recent trends and why they are important is presented using the
United Kingdom as an example.
12. Potential Future Functions of the World Trade Organization, Patrick
Low, Global Governance, 15, July-September 2009
The role of the World Trade Organization (WTO) in the future is
discussed in this article which presents six important issues that the
WTO needs to address in the future.
13. The Wicked Problem of Good Financial Markets, Michael Mainelli,
Journal of Risk Finance, vol. 9, no. 5, 2008
The financial markets have been at the heart of the economic upheaval
that has gripped the global economy. The question is how severe the
crisis really is and how to solve it. It is very complicated and not
just one solution will do.
Part C. Financial Management, Accounting, Foreign Direct Investment
14. Engaging China: Strategies for the Small Internationalizing Firm,
Rolf D. Cremer and Bala Ramasamy, Journal of Business Strategy, vol.
30, no. 6, 2009
Entering into the Chinese market is difficult for any company, but it
is particularly difficult for small multinationals seeking to enter the
market. Here are some strategies that can be used by small
international firms to enter the Chinese market, focusing on companies
from New Zealand.
15. Planning Ahead for IFRS 1: Initial Adoption of IFRS by U.S.
Companies, Joseph M. Langmead and Jalal Soroosh, The CPA Journal,
October 2009
The SEC has issued a proposed roadmap for US public companies to start
complying with the International Financial Reporting Standards (IFRS)
when preparing statements for the SEC. The target date would appear
some time in 2011 and will have a significant impact on how American
businesses report its results.
16. The Global Financial Crisis: What Went Wrong?, Richard Mallett and
Victor Smart, Financial Management (UK), July/August 2009
How did the global financial crisis happen? What were the events that
preceded the crisis and could they be avoided in the future? It began
from a series of events that led to the largest world financial crisis
since at least the Great Depression.
Unit 3: International Organizations and Operations
Unit Overview
Part A. The Global Corporation
17. The Work Left Undone: Perspectives on Small Business Opportunities
in International Trade, Matthew Carr, Business Credit, January 2010
There is great opportunity for small businesses in global businesses,
especially in the import/export sector. The government has recently
stepped-up with new programs to assist small businesses and the
opportunities for assistance remain great.
Part B. Global Corporate Strategy
18. Brazil's Iron Giant Reaches for the Top, Joshua Schneyer, Business
Week, March 3, 2008
Multinational firms do not just come from developed countries. Some of
the largest and most powerful ones come from the developing world, such
as Vale, which is on the brink of becoming the world's largest mining
company.
19. NanoTech Firm Takes Passage to India, Peter Gwynne, Research
Technology Management, May-June 2009
Small high tech firms are going to developing countries to develop,
manufacture, test and market their products before they do so in the
United States and the rest of the developed world. Here is one company
from Massachusetts that is doing it.
20. Tata: Master of the Gentle Approach, Manjeet Kripalani, Business
Week, February 25, 2008
India's Tata Motors recently acquired the truck division of the failing
Korean conglomerate Daewoo. This was one of just a number of overseas
acquisitions Tata corporate has recently made, totaling US$18 billion,
including well known names like Tetley Tea and operations in the UK, US
and Europe. Tata now employs over 300,000 people.
Part C. Global Marketing
21. Rethinking Globalization: Does "Think Global, Act Local" Still
Apply?, Nigel Hollis, Marketing Research, Spring 2009
One of the axioms of international business has been to "Think global,
act local," but does that still apply in today's world? The fact is
that there are few strong global brands. One of the keys to success is
being part of the local culture.
22. Expanding Opportunity at the Base of the Pyramid, David G. Altman,
Lyndon Rego, and Peg Ross, People and Strategy, June 2009
There are 4 billion people living on US$2 a day or less, a group that
represents trillions of potential sales in basic necessities in the
developing world. Strategies for reaching these potential consumers are
discussed.
23. Hailun Piano and the Quest for Quality, Music Trades, February 2010
Hailun Piano of China manufactures high quality pianos, primarily for
the export market, but is now also selling them in China. The obstacles
and opportunities that this company faces are outlined here.
Part D. Global Human Resources
24. Distant Dilemmas, Mark McGraw, Human Resource Executive, January
2010
In some countries, corrupt practices as defined by the Corrupt Foreign
Practices Act are a way of life. In others, because of the current
economic climate, they are on the rise. Helping ex-patriot executives
deal with these situations is the theme of this essay.
25. Jobs on Another Shore, David T. Coe, Finance and Development, March
2008
Off-shoring has become a very controversial practice of firms. But,
off-shoring can work both ways. Jobs can leave a particular country,
but they can also come into a particular country. It is really all
about comparative advantage in the labor market and the skills the
members of the labor force possess.
26. Offshored Headquarters, Allen Smith, HRMagazine, November 2009
More non-US companies are purchasing US firms as a way to enter the
American market. The management of these non-American firms often does
not understand American law or the way business is done in the US,
especially when it comes to employees and the workforce. "Breaking-in"
the new senior management from abroad can be a difficult task.
Part E. Global Business Operations
27. A Material World, Nick Zubko, Industry Week, August 2008
The price of raw materials was increasing dramatically prior to the
recession and will start to increase significantly again once it is
over. Controlling those costs will be a major issue facing companies in
the future.
28. Keynote Panel Session 1: Whose Income Is It? How Business Is Caught
in the Global Competition and Controversy for Tax Revenues, Timothy M.
McDonald et al., Taxes-The Tax Magazine, June 2009
This is a text of a panel discussion from a symposium on international
tax rates and how they impact the cash flow and business decisions of
corporations to expand their businesses and the role governments play
in establishing those taxes.
29. Exploiting the Global Supply Chain, Jeremy N. Smith, World Trade,
May 2008
Expanding the supply chain to include overseas suppliers is not as
simple as just ordering some widgets from outside the country. When
companies start to import their components/goods/products they are
entering into a very different world than the one they have been used
to.
Unit 4: Issues in International Business
Unit Overview
Part A. The Developing World
30. What One Hand Gives, the Other Takes: Industrial Countries' Policy
Coherence for Development, Robert Mendoza, Challenge, September/October
2007
Developed countries have been giving aid to developing countries since
the end of World War II. Yet that aid has been only marginally
effective. This article explores some of the reasons behind this and
also addresses how the effectiveness of foreign aid can be measured
more effectively in the future.
31. Unequal Access, Emily Wax, The Washington Post Weekly Edition,
September 3-9, 2007
The caste system may be outlawed by the constitution in India, but it
is still very much alive. Getting members of the lower castes, which
represent the majority of the population, to participate in India's
booming economy is a problem that India is going to have to address if
it wants to continue to grow and prosper.
32. China and India Go to Africa: New Deals in the Developing World,
Harry G. Broadman, Foreign Affairs, March/April 2008
China and India are starting to take leading roles in foreign direct
investment in Africa. Their investment and trade with Africa now rivals
that of Africa's traditional trading partners, the countries of the
European Union and the United States. For this growth to continue,
certain actions will need to be taken by all parties concerned.
Part B. Ethical Issues in International Business
33. International OHS: Through the Looking Glass of the Global Economy,
Garrett Brown, Occupational Hazards, January 1 2008
Grupo Mexico owns a copper mine just thirty miles south of the US
border in Mexico. Because of a union-management dispute, Grupo Mexico
is attempting to dislodge the union from the mine and performing other
actions that involve the health and safety of the workers. There has
been a strike that has received support from unions in the United
States.
34. Deadly Business in Moscow, Tom Cahill, Bloomberg BusinessWeek,
March 1, 2010
Of the four "BRIC" countries, Russia has been, perhaps, the most
disappointing in terms of economic growth. Part of the reason for that
can be best summed-up in the problem of corruption on the part of the
government, as this article demonstrates.
35. Global Corporate Citizenship: Working with Governments and Civil
Society, Klaus Schwab, Foreign Affairs, vol. 87, no. 1 January/February
2008
Global corporate citizenship refers to a company's role in addressing
issues that have a dramatic impact on the globe such as climate change,
water shortage, infectious diseases and terrorism. It goes beyond the
concept of corporate philanthropy, including social investing,
corporate social responsibility, and corporate social entrepreneurship
in that it is increasingly shaped by forces outside the control of
nation states.
Part C. The Greening of the Global Economy
36. Going Green: The Challenges and the Solutions, Kevin M. Kelly,
Automotive Design and Production, January 2008
The auto industry is attempting to find new ways to become greener than
it has been in the past. This means there will be changes not only in
the use of energy that fuels the cars and trucks but also in the
materials that go into the manufacturing of the vehicles, and also in
the operation of the plants.
Unit 5: The Future and International Business
Unit Overview
37. The New Population Bomb: The Four Megatrends That Will Change the
World, Jack A. Gladstone, Foreign Affairs, January/February 2010
There are trends in the world that can be spotted today that will have
consequences for the next 50 years. Four of them are discussed here
including population growth, urbanization, aging, and the decline of
Europe.
38. The Man Who Named the Future, Gillian Tett, Financial Times
(London), January 16, 2010
Jim O'Neill, the chief economist at Goldman Sachs, is the man who
coined the phrase "BRIC" for Brazil, Russia, India and China. It was a
prediction of the future that has been adopted by many in the financial
and business communities.
39. The Enterprise of the Future, Mark Hennessy, Technology Management,
September-October 2008
What industries are likely to be successful in the future, and what are
some of the common characteristics? Those questions are addressed here.
40. Finding a Job in the 21st Century, John A. Challenger, The
Futurist, September/October 2009
The employment market will look very different in the 21st Century than
in the 20th Century. Keeping one's skills up-to-date will be an
important consideration for all workers and immigration from one
country to another may become far more common in the future.
Test-Your-Knowledge Form
Article Rating Form
Annual Editions: International Business 16/e
Preface
Correlation Guide
Topic Guide
Internet References
Unit 1: Overview of International Business
Unit Overview
Part A. Introduction to International Business: The World Has Changed
1. Globalization: Where Do We Go from Here?, Abbas J. Ali,
International Journal of Commerce and Management, vol. 18, no. 4, 2008
After the financial crisis and the recession that it spawned, the
question becomes, "Where do we go from here?" Do we continue to do
business as usual, or do we rethink the way business is done? There are
some provocative ideas contained here.
2. China Must Carry the World, Andrew B. Busch, Stocks, Futures and
Options Magazine, February 2009
China faces unique challenges in attempting to respond to the global
recession and its trading partners face challenges in how to respond to
China. Some of those challenges are presented here.
3. The World Is Not Flat, Mark Engler, Dollars and Sense, May/June 2008
Thomas Friedman, columnist for the New York Times, and the author of
The Lexus and the Olive Tree and The World Is Flat, is one of the major
proponents of neo-liberal globalization. But not everyone agrees with
Friedman and not everyone thinks it is such a good thing.
Part B. International Trade Theory: Evolving Ideas on Trade and the
Economy
4. Is Global Trade a Threat or Opportunity?, Jim Champy, Financial
Executive, January/February 2008
Most economists believe that global trade will benefit people in the
long run. But it has become apparent that not everyone is a winner in
the global trade sweepstakes and that long run can be very long indeed.
5. Economists Rethink Free Trade, Jane Sesseen, Business Week, February
11, 2008
Who gains in an era of free trade in a developed society? It would seem
that only a very select few do while the rest of the people in the
developed society are forced to compete with less expensive workers
from developing societies.
6. Globalization with a Human Face, Shikha Dalmia, Reason Magazine,
December 2009
Jagdish Bhagwati is an economist who has often been mentioned as a
candidate for the Nobel Prize in Economics. Here are some of his
thought on free trade, climate change, NAFTA and other regional trade
organizations.
Unit 2: International FinanceUnit Overview
Part A. The International Financial Crisis
7. The Global Debt Bomb, Daniel Fisher, Forbes, February 8, 2010
Coming out of the global recession, many countries will be burdened
with enormous debt. This debt will have long-term consequences for the
countries involved and for the global economy.
8. The World Economy: The Global Financial Crisis and Collapse in World
Trade, Dawn Holland et al., National Institute Economic Review, no.
208, April 2009
How the world financial crisis affected world trade and what is likely
to happen in the next several years is presented here.
9. International Special Report: A Financial Crisis to the West-a
Fundamental Crisis to the East, Ian Traynor, The Guardian (UK),
November 11, 2009
When the financial crisis hit, it presented great difficulties for the
nations of Western Europe, the United States and Japan. But, those
difficulties were nothing compared to the newly liberated economies of
Eastern Europe. For them, it was a disaster.
Part B. Monetary Systems, Financial Markets, Balance of Payments,
Financial Institutions
10. "Everyone Needs to Rethink Everything": Reflections from the IMF's
Former Chief Economist, Multinational Monitor, November/December 2008
This is an interview with Simon Johnson, former chief economist of the
International Monetary Fund and Professor at the Massachusetts
Institute of Technology, Sloan School of Management. He is also a
Senior Fellow at the Peterson Institute for International Economic.
11. The Balance of Payments: Office for National Statistics, Graeme
Chamberlin, Office for National Statistics (UK) Economic and Labour
Review, vol. 3, no. 9, September 2009
This article, from the United Kingdom, explains how the balance of
payments is calculated. The current account, the capital and financial
accounts, the international investment position, net investment income
and recent trends and why they are important is presented using the
United Kingdom as an example.
12. Potential Future Functions of the World Trade Organization, Patrick
Low, Global Governance, 15, July-September 2009
The role of the World Trade Organization (WTO) in the future is
discussed in this article which presents six important issues that the
WTO needs to address in the future.
13. The Wicked Problem of Good Financial Markets, Michael Mainelli,
Journal of Risk Finance, vol. 9, no. 5, 2008
The financial markets have been at the heart of the economic upheaval
that has gripped the global economy. The question is how severe the
crisis really is and how to solve it. It is very complicated and not
just one solution will do.
Part C. Financial Management, Accounting, Foreign Direct Investment
14. Engaging China: Strategies for the Small Internationalizing Firm,
Rolf D. Cremer and Bala Ramasamy, Journal of Business Strategy, vol.
30, no. 6, 2009
Entering into the Chinese market is difficult for any company, but it
is particularly difficult for small multinationals seeking to enter the
market. Here are some strategies that can be used by small
international firms to enter the Chinese market, focusing on companies
from New Zealand.
15. Planning Ahead for IFRS 1: Initial Adoption of IFRS by U.S.
Companies, Joseph M. Langmead and Jalal Soroosh, The CPA Journal,
October 2009
The SEC has issued a proposed roadmap for US public companies to start
complying with the International Financial Reporting Standards (IFRS)
when preparing statements for the SEC. The target date would appear
some time in 2011 and will have a significant impact on how American
businesses report its results.
16. The Global Financial Crisis: What Went Wrong?, Richard Mallett and
Victor Smart, Financial Management (UK), July/August 2009
How did the global financial crisis happen? What were the events that
preceded the crisis and could they be avoided in the future? It began
from a series of events that led to the largest world financial crisis
since at least the Great Depression.
Unit 3: International Organizations and Operations
Unit Overview
Part A. The Global Corporation
17. The Work Left Undone: Perspectives on Small Business Opportunities
in International Trade, Matthew Carr, Business Credit, January 2010
There is great opportunity for small businesses in global businesses,
especially in the import/export sector. The government has recently
stepped-up with new programs to assist small businesses and the
opportunities for assistance remain great.
Part B. Global Corporate Strategy
18. Brazil's Iron Giant Reaches for the Top, Joshua Schneyer, Business
Week, March 3, 2008
Multinational firms do not just come from developed countries. Some of
the largest and most powerful ones come from the developing world, such
as Vale, which is on the brink of becoming the world's largest mining
company.
19. NanoTech Firm Takes Passage to India, Peter Gwynne, Research
Technology Management, May-June 2009
Small high tech firms are going to developing countries to develop,
manufacture, test and market their products before they do so in the
United States and the rest of the developed world. Here is one company
from Massachusetts that is doing it.
20. Tata: Master of the Gentle Approach, Manjeet Kripalani, Business
Week, February 25, 2008
India's Tata Motors recently acquired the truck division of the failing
Korean conglomerate Daewoo. This was one of just a number of overseas
acquisitions Tata corporate has recently made, totaling US$18 billion,
including well known names like Tetley Tea and operations in the UK, US
and Europe. Tata now employs over 300,000 people.
Part C. Global Marketing
21. Rethinking Globalization: Does "Think Global, Act Local" Still
Apply?, Nigel Hollis, Marketing Research, Spring 2009
One of the axioms of international business has been to "Think global,
act local," but does that still apply in today's world? The fact is
that there are few strong global brands. One of the keys to success is
being part of the local culture.
22. Expanding Opportunity at the Base of the Pyramid, David G. Altman,
Lyndon Rego, and Peg Ross, People and Strategy, June 2009
There are 4 billion people living on US$2 a day or less, a group that
represents trillions of potential sales in basic necessities in the
developing world. Strategies for reaching these potential consumers are
discussed.
23. Hailun Piano and the Quest for Quality, Music Trades, February 2010
Hailun Piano of China manufactures high quality pianos, primarily for
the export market, but is now also selling them in China. The obstacles
and opportunities that this company faces are outlined here.
Part D. Global Human Resources
24. Distant Dilemmas, Mark McGraw, Human Resource Executive, January
2010
In some countries, corrupt practices as defined by the Corrupt Foreign
Practices Act are a way of life. In others, because of the current
economic climate, they are on the rise. Helping ex-patriot executives
deal with these situations is the theme of this essay.
25. Jobs on Another Shore, David T. Coe, Finance and Development, March
2008
Off-shoring has become a very controversial practice of firms. But,
off-shoring can work both ways. Jobs can leave a particular country,
but they can also come into a particular country. It is really all
about comparative advantage in the labor market and the skills the
members of the labor force possess.
26. Offshored Headquarters, Allen Smith, HRMagazine, November 2009
More non-US companies are purchasing US firms as a way to enter the
American market. The management of these non-American firms often does
not understand American law or the way business is done in the US,
especially when it comes to employees and the workforce. "Breaking-in"
the new senior management from abroad can be a difficult task.
Part E. Global Business Operations
27. A Material World, Nick Zubko, Industry Week, August 2008
The price of raw materials was increasing dramatically prior to the
recession and will start to increase significantly again once it is
over. Controlling those costs will be a major issue facing companies in
the future.
28. Keynote Panel Session 1: Whose Income Is It? How Business Is Caught
in the Global Competition and Controversy for Tax Revenues, Timothy M.
McDonald et al., Taxes-The Tax Magazine, June 2009
This is a text of a panel discussion from a symposium on international
tax rates and how they impact the cash flow and business decisions of
corporations to expand their businesses and the role governments play
in establishing those taxes.
29. Exploiting the Global Supply Chain, Jeremy N. Smith, World Trade,
May 2008
Expanding the supply chain to include overseas suppliers is not as
simple as just ordering some widgets from outside the country. When
companies start to import their components/goods/products they are
entering into a very different world than the one they have been used
to.
Unit 4: Issues in International Business
Unit Overview
Part A. The Developing World
30. What One Hand Gives, the Other Takes: Industrial Countries' Policy
Coherence for Development, Robert Mendoza, Challenge, September/October
2007
Developed countries have been giving aid to developing countries since
the end of World War II. Yet that aid has been only marginally
effective. This article explores some of the reasons behind this and
also addresses how the effectiveness of foreign aid can be measured
more effectively in the future.
31. Unequal Access, Emily Wax, The Washington Post Weekly Edition,
September 3-9, 2007
The caste system may be outlawed by the constitution in India, but it
is still very much alive. Getting members of the lower castes, which
represent the majority of the population, to participate in India's
booming economy is a problem that India is going to have to address if
it wants to continue to grow and prosper.
32. China and India Go to Africa: New Deals in the Developing World,
Harry G. Broadman, Foreign Affairs, March/April 2008
China and India are starting to take leading roles in foreign direct
investment in Africa. Their investment and trade with Africa now rivals
that of Africa's traditional trading partners, the countries of the
European Union and the United States. For this growth to continue,
certain actions will need to be taken by all parties concerned.
Part B. Ethical Issues in International Business
33. International OHS: Through the Looking Glass of the Global Economy,
Garrett Brown, Occupational Hazards, January 1 2008
Grupo Mexico owns a copper mine just thirty miles south of the US
border in Mexico. Because of a union-management dispute, Grupo Mexico
is attempting to dislodge the union from the mine and performing other
actions that involve the health and safety of the workers. There has
been a strike that has received support from unions in the United
States.
34. Deadly Business in Moscow, Tom Cahill, Bloomberg BusinessWeek,
March 1, 2010
Of the four "BRIC" countries, Russia has been, perhaps, the most
disappointing in terms of economic growth. Part of the reason for that
can be best summed-up in the problem of corruption on the part of the
government, as this article demonstrates.
35. Global Corporate Citizenship: Working with Governments and Civil
Society, Klaus Schwab, Foreign Affairs, vol. 87, no. 1 January/February
2008
Global corporate citizenship refers to a company's role in addressing
issues that have a dramatic impact on the globe such as climate change,
water shortage, infectious diseases and terrorism. It goes beyond the
concept of corporate philanthropy, including social investing,
corporate social responsibility, and corporate social entrepreneurship
in that it is increasingly shaped by forces outside the control of
nation states.
Part C. The Greening of the Global Economy
36. Going Green: The Challenges and the Solutions, Kevin M. Kelly,
Automotive Design and Production, January 2008
The auto industry is attempting to find new ways to become greener than
it has been in the past. This means there will be changes not only in
the use of energy that fuels the cars and trucks but also in the
materials that go into the manufacturing of the vehicles, and also in
the operation of the plants.
Unit 5: The Future and International Business
Unit Overview
37. The New Population Bomb: The Four Megatrends That Will Change the
World, Jack A. Gladstone, Foreign Affairs, January/February 2010
There are trends in the world that can be spotted today that will have
consequences for the next 50 years. Four of them are discussed here
including population growth, urbanization, aging, and the decline of
Europe.
38. The Man Who Named the Future, Gillian Tett, Financial Times
(London), January 16, 2010
Jim O'Neill, the chief economist at Goldman Sachs, is the man who
coined the phrase "BRIC" for Brazil, Russia, India and China. It was a
prediction of the future that has been adopted by many in the financial
and business communities.
39. The Enterprise of the Future, Mark Hennessy, Technology Management,
September-October 2008
What industries are likely to be successful in the future, and what are
some of the common characteristics? Those questions are addressed here.
40. Finding a Job in the 21st Century, John A. Challenger, The
Futurist, September/October 2009
The employment market will look very different in the 21st Century than
in the 20th Century. Keeping one's skills up-to-date will be an
important consideration for all workers and immigration from one
country to another may become far more common in the future.
Test-Your-Knowledge Form
Article Rating Form
Preface
Correlation Guide
Topic Guide
Internet References
Unit 1: Overview of International Business
Unit Overview
Part A. Introduction to International Business: The World Has Changed
1. Globalization: Where Do We Go from Here?, Abbas J. Ali,
International Journal of Commerce and Management, vol. 18, no. 4, 2008
After the financial crisis and the recession that it spawned, the
question becomes, "Where do we go from here?" Do we continue to do
business as usual, or do we rethink the way business is done? There are
some provocative ideas contained here.
2. China Must Carry the World, Andrew B. Busch, Stocks, Futures and
Options Magazine, February 2009
China faces unique challenges in attempting to respond to the global
recession and its trading partners face challenges in how to respond to
China. Some of those challenges are presented here.
3. The World Is Not Flat, Mark Engler, Dollars and Sense, May/June 2008
Thomas Friedman, columnist for the New York Times, and the author of
The Lexus and the Olive Tree and The World Is Flat, is one of the major
proponents of neo-liberal globalization. But not everyone agrees with
Friedman and not everyone thinks it is such a good thing.
Part B. International Trade Theory: Evolving Ideas on Trade and the
Economy
4. Is Global Trade a Threat or Opportunity?, Jim Champy, Financial
Executive, January/February 2008
Most economists believe that global trade will benefit people in the
long run. But it has become apparent that not everyone is a winner in
the global trade sweepstakes and that long run can be very long indeed.
5. Economists Rethink Free Trade, Jane Sesseen, Business Week, February
11, 2008
Who gains in an era of free trade in a developed society? It would seem
that only a very select few do while the rest of the people in the
developed society are forced to compete with less expensive workers
from developing societies.
6. Globalization with a Human Face, Shikha Dalmia, Reason Magazine,
December 2009
Jagdish Bhagwati is an economist who has often been mentioned as a
candidate for the Nobel Prize in Economics. Here are some of his
thought on free trade, climate change, NAFTA and other regional trade
organizations.
Unit 2: International FinanceUnit Overview
Part A. The International Financial Crisis
7. The Global Debt Bomb, Daniel Fisher, Forbes, February 8, 2010
Coming out of the global recession, many countries will be burdened
with enormous debt. This debt will have long-term consequences for the
countries involved and for the global economy.
8. The World Economy: The Global Financial Crisis and Collapse in World
Trade, Dawn Holland et al., National Institute Economic Review, no.
208, April 2009
How the world financial crisis affected world trade and what is likely
to happen in the next several years is presented here.
9. International Special Report: A Financial Crisis to the West-a
Fundamental Crisis to the East, Ian Traynor, The Guardian (UK),
November 11, 2009
When the financial crisis hit, it presented great difficulties for the
nations of Western Europe, the United States and Japan. But, those
difficulties were nothing compared to the newly liberated economies of
Eastern Europe. For them, it was a disaster.
Part B. Monetary Systems, Financial Markets, Balance of Payments,
Financial Institutions
10. "Everyone Needs to Rethink Everything": Reflections from the IMF's
Former Chief Economist, Multinational Monitor, November/December 2008
This is an interview with Simon Johnson, former chief economist of the
International Monetary Fund and Professor at the Massachusetts
Institute of Technology, Sloan School of Management. He is also a
Senior Fellow at the Peterson Institute for International Economic.
11. The Balance of Payments: Office for National Statistics, Graeme
Chamberlin, Office for National Statistics (UK) Economic and Labour
Review, vol. 3, no. 9, September 2009
This article, from the United Kingdom, explains how the balance of
payments is calculated. The current account, the capital and financial
accounts, the international investment position, net investment income
and recent trends and why they are important is presented using the
United Kingdom as an example.
12. Potential Future Functions of the World Trade Organization, Patrick
Low, Global Governance, 15, July-September 2009
The role of the World Trade Organization (WTO) in the future is
discussed in this article which presents six important issues that the
WTO needs to address in the future.
13. The Wicked Problem of Good Financial Markets, Michael Mainelli,
Journal of Risk Finance, vol. 9, no. 5, 2008
The financial markets have been at the heart of the economic upheaval
that has gripped the global economy. The question is how severe the
crisis really is and how to solve it. It is very complicated and not
just one solution will do.
Part C. Financial Management, Accounting, Foreign Direct Investment
14. Engaging China: Strategies for the Small Internationalizing Firm,
Rolf D. Cremer and Bala Ramasamy, Journal of Business Strategy, vol.
30, no. 6, 2009
Entering into the Chinese market is difficult for any company, but it
is particularly difficult for small multinationals seeking to enter the
market. Here are some strategies that can be used by small
international firms to enter the Chinese market, focusing on companies
from New Zealand.
15. Planning Ahead for IFRS 1: Initial Adoption of IFRS by U.S.
Companies, Joseph M. Langmead and Jalal Soroosh, The CPA Journal,
October 2009
The SEC has issued a proposed roadmap for US public companies to start
complying with the International Financial Reporting Standards (IFRS)
when preparing statements for the SEC. The target date would appear
some time in 2011 and will have a significant impact on how American
businesses report its results.
16. The Global Financial Crisis: What Went Wrong?, Richard Mallett and
Victor Smart, Financial Management (UK), July/August 2009
How did the global financial crisis happen? What were the events that
preceded the crisis and could they be avoided in the future? It began
from a series of events that led to the largest world financial crisis
since at least the Great Depression.
Unit 3: International Organizations and Operations
Unit Overview
Part A. The Global Corporation
17. The Work Left Undone: Perspectives on Small Business Opportunities
in International Trade, Matthew Carr, Business Credit, January 2010
There is great opportunity for small businesses in global businesses,
especially in the import/export sector. The government has recently
stepped-up with new programs to assist small businesses and the
opportunities for assistance remain great.
Part B. Global Corporate Strategy
18. Brazil's Iron Giant Reaches for the Top, Joshua Schneyer, Business
Week, March 3, 2008
Multinational firms do not just come from developed countries. Some of
the largest and most powerful ones come from the developing world, such
as Vale, which is on the brink of becoming the world's largest mining
company.
19. NanoTech Firm Takes Passage to India, Peter Gwynne, Research
Technology Management, May-June 2009
Small high tech firms are going to developing countries to develop,
manufacture, test and market their products before they do so in the
United States and the rest of the developed world. Here is one company
from Massachusetts that is doing it.
20. Tata: Master of the Gentle Approach, Manjeet Kripalani, Business
Week, February 25, 2008
India's Tata Motors recently acquired the truck division of the failing
Korean conglomerate Daewoo. This was one of just a number of overseas
acquisitions Tata corporate has recently made, totaling US$18 billion,
including well known names like Tetley Tea and operations in the UK, US
and Europe. Tata now employs over 300,000 people.
Part C. Global Marketing
21. Rethinking Globalization: Does "Think Global, Act Local" Still
Apply?, Nigel Hollis, Marketing Research, Spring 2009
One of the axioms of international business has been to "Think global,
act local," but does that still apply in today's world? The fact is
that there are few strong global brands. One of the keys to success is
being part of the local culture.
22. Expanding Opportunity at the Base of the Pyramid, David G. Altman,
Lyndon Rego, and Peg Ross, People and Strategy, June 2009
There are 4 billion people living on US$2 a day or less, a group that
represents trillions of potential sales in basic necessities in the
developing world. Strategies for reaching these potential consumers are
discussed.
23. Hailun Piano and the Quest for Quality, Music Trades, February 2010
Hailun Piano of China manufactures high quality pianos, primarily for
the export market, but is now also selling them in China. The obstacles
and opportunities that this company faces are outlined here.
Part D. Global Human Resources
24. Distant Dilemmas, Mark McGraw, Human Resource Executive, January
2010
In some countries, corrupt practices as defined by the Corrupt Foreign
Practices Act are a way of life. In others, because of the current
economic climate, they are on the rise. Helping ex-patriot executives
deal with these situations is the theme of this essay.
25. Jobs on Another Shore, David T. Coe, Finance and Development, March
2008
Off-shoring has become a very controversial practice of firms. But,
off-shoring can work both ways. Jobs can leave a particular country,
but they can also come into a particular country. It is really all
about comparative advantage in the labor market and the skills the
members of the labor force possess.
26. Offshored Headquarters, Allen Smith, HRMagazine, November 2009
More non-US companies are purchasing US firms as a way to enter the
American market. The management of these non-American firms often does
not understand American law or the way business is done in the US,
especially when it comes to employees and the workforce. "Breaking-in"
the new senior management from abroad can be a difficult task.
Part E. Global Business Operations
27. A Material World, Nick Zubko, Industry Week, August 2008
The price of raw materials was increasing dramatically prior to the
recession and will start to increase significantly again once it is
over. Controlling those costs will be a major issue facing companies in
the future.
28. Keynote Panel Session 1: Whose Income Is It? How Business Is Caught
in the Global Competition and Controversy for Tax Revenues, Timothy M.
McDonald et al., Taxes-The Tax Magazine, June 2009
This is a text of a panel discussion from a symposium on international
tax rates and how they impact the cash flow and business decisions of
corporations to expand their businesses and the role governments play
in establishing those taxes.
29. Exploiting the Global Supply Chain, Jeremy N. Smith, World Trade,
May 2008
Expanding the supply chain to include overseas suppliers is not as
simple as just ordering some widgets from outside the country. When
companies start to import their components/goods/products they are
entering into a very different world than the one they have been used
to.
Unit 4: Issues in International Business
Unit Overview
Part A. The Developing World
30. What One Hand Gives, the Other Takes: Industrial Countries' Policy
Coherence for Development, Robert Mendoza, Challenge, September/October
2007
Developed countries have been giving aid to developing countries since
the end of World War II. Yet that aid has been only marginally
effective. This article explores some of the reasons behind this and
also addresses how the effectiveness of foreign aid can be measured
more effectively in the future.
31. Unequal Access, Emily Wax, The Washington Post Weekly Edition,
September 3-9, 2007
The caste system may be outlawed by the constitution in India, but it
is still very much alive. Getting members of the lower castes, which
represent the majority of the population, to participate in India's
booming economy is a problem that India is going to have to address if
it wants to continue to grow and prosper.
32. China and India Go to Africa: New Deals in the Developing World,
Harry G. Broadman, Foreign Affairs, March/April 2008
China and India are starting to take leading roles in foreign direct
investment in Africa. Their investment and trade with Africa now rivals
that of Africa's traditional trading partners, the countries of the
European Union and the United States. For this growth to continue,
certain actions will need to be taken by all parties concerned.
Part B. Ethical Issues in International Business
33. International OHS: Through the Looking Glass of the Global Economy,
Garrett Brown, Occupational Hazards, January 1 2008
Grupo Mexico owns a copper mine just thirty miles south of the US
border in Mexico. Because of a union-management dispute, Grupo Mexico
is attempting to dislodge the union from the mine and performing other
actions that involve the health and safety of the workers. There has
been a strike that has received support from unions in the United
States.
34. Deadly Business in Moscow, Tom Cahill, Bloomberg BusinessWeek,
March 1, 2010
Of the four "BRIC" countries, Russia has been, perhaps, the most
disappointing in terms of economic growth. Part of the reason for that
can be best summed-up in the problem of corruption on the part of the
government, as this article demonstrates.
35. Global Corporate Citizenship: Working with Governments and Civil
Society, Klaus Schwab, Foreign Affairs, vol. 87, no. 1 January/February
2008
Global corporate citizenship refers to a company's role in addressing
issues that have a dramatic impact on the globe such as climate change,
water shortage, infectious diseases and terrorism. It goes beyond the
concept of corporate philanthropy, including social investing,
corporate social responsibility, and corporate social entrepreneurship
in that it is increasingly shaped by forces outside the control of
nation states.
Part C. The Greening of the Global Economy
36. Going Green: The Challenges and the Solutions, Kevin M. Kelly,
Automotive Design and Production, January 2008
The auto industry is attempting to find new ways to become greener than
it has been in the past. This means there will be changes not only in
the use of energy that fuels the cars and trucks but also in the
materials that go into the manufacturing of the vehicles, and also in
the operation of the plants.
Unit 5: The Future and International Business
Unit Overview
37. The New Population Bomb: The Four Megatrends That Will Change the
World, Jack A. Gladstone, Foreign Affairs, January/February 2010
There are trends in the world that can be spotted today that will have
consequences for the next 50 years. Four of them are discussed here
including population growth, urbanization, aging, and the decline of
Europe.
38. The Man Who Named the Future, Gillian Tett, Financial Times
(London), January 16, 2010
Jim O'Neill, the chief economist at Goldman Sachs, is the man who
coined the phrase "BRIC" for Brazil, Russia, India and China. It was a
prediction of the future that has been adopted by many in the financial
and business communities.
39. The Enterprise of the Future, Mark Hennessy, Technology Management,
September-October 2008
What industries are likely to be successful in the future, and what are
some of the common characteristics? Those questions are addressed here.
40. Finding a Job in the 21st Century, John A. Challenger, The
Futurist, September/October 2009
The employment market will look very different in the 21st Century than
in the 20th Century. Keeping one's skills up-to-date will be an
important consideration for all workers and immigration from one
country to another may become far more common in the future.
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