BUS613: Advanced International Business

Globalization has provided a tremendous level of upward mobility in terms of living standards worldwide. However, it has also created many challenges. How do you benefit from globalization? What do you think globalization will look like in 10 years? What about in 30 years? Will it continue ...

The United States has been a significant player in globalization. The use of the US dollar as the main currency of international business and English as the dominant language for global trade have contributed to this phenomenon. There are increasing signs that the United States will face fierce ...

Language and culture are critical aspects of international business. Any gaps in understanding can determine success or failure. Consider a situation where you misunderstood something based on inexperience. Looking back, how could you have turned that situation in your favor? Are there any ...

Right now, English is the universal language of business. Even when two businesses are not from English-speaking countries, contracts are often written in English since it has standardized communication across borders. Why do you think this happened? Given the competitive global business ...

What comparative advantages does the United States have in the global economy? Are they sustainable? Is it possible that the U.S. may lose some comparative advantages while gaining others?

What kinds of infrastructure are critical for countries seeking to be globally competitive? How does technological infrastructure, such as internet connectivity, compare with physical infrastructure? Will one category be more important in the future?

A Letter of Credit is an essential tool in many international transactions between buyers and sellers. What process is involved in creating one? How does each side benefit?

Central banks play a critical role in the financial systems of nations. What is the central bank in your country? How has it succeeded or failed? How could it improve?

Can you think of a situation where a global institution such as the WTO, World Bank, IMF, or similar organizations played a pivotal role in resolving an international dispute? What caused the dispute? How was it resolved? Was the resolution a short-term or long-term fix?

Do you see global institutions playing a larger or smaller role in how countries interact with each other in the future? Is there a trend in one direction?

Think about a business you are familiar with and its industry. Based on the industry and the type of business, what mode of entry do you believe would be the best fit if the company wanted to expand into an international market? Why do you think this entry method is best?

Think about a region you are interested in – maybe somewhere you want to do business or learn more about. What challenges or opportunities would be present in your region that would make any of the modes of entry discussed in this unit more advantageous?

What practical actions can a company take to become an ethical and socially responsible organization? Can you think of an example of a company that has taken these actions? What about one that hasn't?