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Announcement
International business presentation I (1/28 & 1/30)
Find a case that shows how international business setting helps to gain competitive advantage Group presentation Your presentation is evaluated by the audience
Warm-up Quiz
Distribution of warm-up quiz
Average: 9.45 Standard deviation: 0.66 Distribution
35
30
25 20 15 10 5 0 6 7 8 9 10
Congrats: 31 students!!!
Warm-up Quiz
True or false questions
Learning Objectives
After this session, we can do followings:
Explain what determine the level of economic development of a nation Identify the macro-political and economic changes occurring worldwide Describe how transition economies are moving toward market-based systems Explain the implications for management practice of national difference in political economy
Where We Are
Concepts of globalization
Chapter 1
Country differences
Chapter 2-5
Business operation
Chapter 16-20
Class Activities
Closing case [Japans economic malaise]
In the 1980s Japan was viewed as one of the worlds most dynamic economies. Today it is viewed as one of its most stagnant. Why has the Japanese economy stagnated? What are the implications of Japans economic stagnation for the benefits, costs, and risks of doing business in this nation? As an international business, which economy would you rather invest in, that of Japan or that of India? Explain your answer.
2-7
In addition, GNI and PPP data are static and do not consider economic growth rates
So, while China and India are currently categorized as being poor they are growing more rapidly than many developed nations and are expected to become among the largest economies in the world
The United Nations used Sens ideas to develop the Human Development Index (HDI) which is based on
life expectancy at birth educational attainment whether average incomes are sufficient to meet the basic needs of life in a country
Why?
Command and mixed economies failed to deliver the sustained economic growth achieved in market-based countries
Despite being underdeveloped and poor, some markets have huge potential
China -1.2 billion people India 1.1 billion people Latin America 400 million potential consumers
By identifying and investing early in potential future economic stars, firms may be able to gain first mover advantages (advantages that accrue to early entrants into a market) and establish loyalty and experience in a country
China
Next Time
Differences in culture
1-29