Prologue TO INTERNATIONAL BUSINESS: Introduction and review National Differences in Political economy .

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Motivation. Prologue to CourseAbout the GSIOverview of the CourseCourse ExpectationsCourse Grading and PolicyAbout the SectionsChapter 1: Introduction and OverviewChapter 1 Exercise: Case
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Prologue TO INTERNATIONAL BUSINESS: Introduction and outline National Differences in Political economy Brian Chen July 9, 2007

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Agenda Introduction to Course About the GSI Overview of the Course Expectations Course Grading and Policy About the Sections Chapter 1: Introduction and Overview Chapter 1 Exercise: Case – Wipro Chapter 2: National Differences in Political Economy Chapter 2 Exercise: Case – The Poorest Continent

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About the GSI Fourth-Year PhD Candidate in Business and Public Policy Group, Haas School of Business, UC Berkeley Research Interests: Health Care Management and Health Policy, Regulation, Law and Economics, International Law and Business Education: Harvard College 1992, Stanford Law School 1997 Work Experience: Air Liquide (Paris, France); Teisan KK (Tokyo, Japan), Baker & McKenzie (Taipei, Taiwan); Sullivan & Cromwell (New York), Orrick Herrington & Sutcliffe (San Francisco), Kaohsiung Medical University (Kaohsiung, Taiwan)

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Overview of the Course is isolated into two noteworthy subjects: (1) The political, monetary, and money related scene of worldwide business Instills consciousness of the issues a firm may experience in universal business: Globalization of the commercial center, contrasts that stay in the worldwide commercial center (culture, morals, and so forth), the global exchange/venture environment, political economy of exchange, remote trade and global fiscal framework (2) Firm Strategies to attempt so as to work in a worldwide field With an attention to the political, monetary, and budgetary scene of global business, how do firms work transnationally? Methodology by and large, passage technique, unions, trading/bringing in, worldwide creation/outsourcing/coordinations, worldwide promoting, R&D, worldwide human asset administration, universal money related administration Note that Midterm Examination is put directly between the two sections of the course

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Course Expectations Thorough learning of the scene of global business and issues emerging in this manner over the span of leading worldwide business To perform well in the course: Thorough handle of material as exhibited in examinations Participation in class and segment Excellent interest grade *may* move your review one level up (e.g., from B+ to A-)

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Grading Policy: The Bad News Word about scholastic trustworthiness: No written falsification: sticking sentences or sections from different sources without attribution DOES constitute unoriginality. Duplicating from another understudy likewise constitutes counterfeiting No contemptibility in participation: Signing in for at least one different understudies constitutes scholarly unscrupulousness No deceitfulness in examination: No talking or trading notes amid examination Students found submitting a demonstration of scholastic untrustworthiness will naturally come up short the course

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Grading Policy: The Good News Final course review is dictated by a harsh bend Many UC Berkeley college classes bended around a C+. This course was bended around a B last semester Spring 2007: the main 13 got an A, the following 24 an A-, the following 28 a B+, the following 21 a B, the following 11 a B-, the following 2 a C+, the following 7 a C, the following 6 a C-, and a D for the last 3 understudies as such, 1/3 of the class got some kind of An And to underline: dynamic investment in area and in class can just help you

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About the Sections Goal: To apply ideas learned in class through discourse GSI is only a facilitator and a motivation setter Format: (1) One – slide audit of the past segment (2) Review of critical focuses in address (3) If vital, "flood" material from the class (4) Two to four address related subjects to talk about in little gatherings and in class Topics might be drawn from the reading material, from the educator, or self-arranged by the GSI

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Section Expectations Quality trumps amount HOWEVER, NO POINT IS EVER DEDUCTED FOR "WRONG" ANSWERS Again, to underscore, there is just upside potential by partaking in segment dialogs GSI will endeavor to allow an assorted gathering of understudies to answer inquiries on a willfully premise However, in case of absence of support, GSI may frosty call Foreign understudies are particularly welcome to share their encounters, so kindly don\'t permit saw etymological boundaries to get in way

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Chapter 1: Introduction and Overview Globalization: Definition, Market, Production Is the globalization of business sectors "general"? Worldwide Institutions GATT, WTO, IMF, World Bank, UN Drivers of globalization Declining obstructions Technological change How the Global Economy is Changing Output is moving FDI goal is moving East MNE

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Chapter 1: Introduction and Overview Globalization Debate Jobs and salary security Labor approaches and the earth National Sovereignty

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Chapter 1 Discussion Questions Describe the movements on the planet economy in the course of recent years. What are the ramifications of these movements for worldwide organizations situated in Europe? North America? Hong Kong/Taiwan?

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Chapter 1 Discussion Questions "The investigation of universal business is fine in the event that you will work in a substantial multinational endeavor, yet it has no significance for people who will work in little firms." Evaluate this announcement.

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Chapter 1 Discussion Questions How have changes in innovation added to the globalization of business sectors and creation? Would the globalization of generation and markets have been conceivable without these mechanical changes?

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Chapter 1 Discussion Questions "At last, the investigation of worldwide business is the same as the investigation of residential business. Subsequently, there is no reason for having a different course on worldwide business." Evaluate this announcement.

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Chapter 1 Discussion Questions How may the Internet and the related World Wide Web influence universal business action and the globalization of the world economy?

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Chapter 1 Discussion Questions If current patterns proceed with, China might be the world\'s biggest economy by 2050. Talk about the conceivable ramifications of such an advancement for a. The world exchanging framework b. The world financial framework c. The business system of today\'s European and U.S.- based worldwide companies

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Wipro Case: Discussion Questions How did outsourcing work to Wipro enhance General Electric\'s capacity to contend in the worldwide economy? Does such outsourcing damage or advantage the American economy?

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Wipro Case: Discussion Questions Did General Electric make Wipro? How?

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Wipro Case: Discussion Questions If India\'s data innovation organizations keep on prospering, after some time what do you think will happen to the salary differential between programming developers in the United States and India? What are the suggestions for the American economy?

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Wipro Case: Discussion Questions Since 2000, Wipro has moved to another country, building up deals workplaces in 35 countries and configuration focuses in nine. Why is Wipro doing this? What might happen to the organization in the event that it didn\'t take after this procedure?

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Wipro Case: Discussion Questions What does the ascent of Wipro show you about the way of the worldwide economy in the principal decade of the 21 st century?

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Some proposals with respect to case writeups When reviewing: Questions asking simple realities are weighted less Questions requesting surmisings and requiring watchful investigation are weighted more As much as could be expected under the circumstances, consider both sides of the issue Imagine whatever number likely situations as would be prudent when requested that make a figure

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Assigned Articles Call Center? That is so 2004! Outsourcing Jobs: Myths and Realities WSJ Article: Silicon Valley Sours on India How are they identified with the course material? What do they show us? Do you concur with the message(s) of the articles?

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Time Permitting: Globalization Debate Does globalization bring about neediness? Why are such a large number of individuals contradicted to globalization? Does globalization decrease social assorted qualities? Can globalization be controlled?

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Chapter 2: National Differences in Political Economy Political Systems: Collectivism/Socialism versus Independence; Democracy versus Totalitarianism Economic Systems: Market Economy versus Summon Economy versus Blended Economy Legal Systems: Common Law, Civil Law, Theocratic Law Contract Law: Property Rights, Private Action, Public Action, Foreign Corrupt Practices Act Intellectual Property: Patent, Copyrights, Trademarks, (TRIPS)

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Chapter 2: National Differences in Political Economy Determinants of Economic Development Measuring monetary improvement: PPP, GDP, Amartya Sen Political Economy: Innovation as motor of development. Advancement requires showcase economy Innovation requires solid property rights But what is the privilege political framework? Does advance prompt to democracy? Geography and Education on improvement States experiencing significant change: What is the general pattern in political economy around the world?

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Chapter 2: Discussion Questions Free market economies invigorate more noteworthy monetary development, though state-coordinated economies smother development. Talk about.

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Chapter 2: Discussion Questions A majority rule political framework is a fundamental condition for supported monetary advance. Talk about.

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Chapter 2: Discussion Questions What is the relationship between debasement in a nation (i.e., fix taking by government authorities) and monetary development? Is defilement constantly awful?

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Chapter 2: Discussion Questions The Nobel Prize-winning financial Armatya Sen contends that the idea of advancement ought to be widened to incorporate more than simply monetary improvement. What different elements does Sen think ought to be incorporated into an appraisal of advancement? In what manner may adoptio

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