Friday, 24 February 2017

Dear Students

I am opening the following question for blog discussion for participation by all. Meaningful answers will carry marks out of 3. The blog discussion opens today evening from 6-00PM (25-02-17) and closes on 9-00 PM on 28-02-17.

Please note the following

a. Answers/arguments/comments should not exceed 20 lines per person.

b. One student can participate only once in this discussion. Multiple participation will be acceptable but evaluation is only done for the best comment.

c. Examples, reference articles for your answers will carry better weightage only when you give relevant references alongside your comments/posts

d. Please understand/reserach the topic fully and carefully before you answer.

e. Maximum marks a student can get is limited to 3 only

f. No posts before and after the timings will be eligible for evaluation.

Discussion Topic:  " Why is there a Globlization backlash in today's world? What is likely to be its impact?"

Sunday, 19 February 2017

Culture

Culture
  • Structure of society is caste.
  • Business organization structure creates organization culture.
  • Structure influences politics, rules, norms.
  • Nature of work influences culture.
Example:

In Deloitte, the dress code is highly formal. Where as in Google, it is informal. In Deloitte the type of job is more formal and in google they encourage creative job.

In Uber the taxi aggregation links between customer and taxi owner. They are independent out sourced people. Uber follows freedom culture.

Hofstede Science:
  •  Culture is whether static or dynamic.
  •  Business culture is dynamic.
  •  Social culture is dynamic.

 Example: Women empowerment.

3 dimensions:
  • Individualism Vs Collectivism
  • Maskolenate Vs  Femilinate
  • Uncertainity Vs Avoidness


A.HEMA NYMISHA
(161304)

Friday, 17 February 2017

Gobal competitiveness

12 Pillars of competitiveness
The 12 pillars are divided into 3 parts. They are:
v  Basic requirements
v  Efficiency enhancers
v  Innovation & sophistication factors
Basic requirement subindex are key for factor – driven economies
1.      Institutions
2.      Infrastructure
3.      Macroeconomics environment
4.      Health and primary education
Efficiency enhancers subindex are key for efficiency – driven economies
5.      Higher education and training
6.      Goods market efficiency
7.      Labour market efficiency
8.      Financial market development
9.      Technological readiness
10.  Market size
Innovation and sophistication factors subindex are key for innovation driven economies
11.  Business sophistication
12.  Innovation
India ranking in world on different parameters:
Parameter
Rank
Institutions
42
Infrastructure
68
Macroeconomic environment
75
Health and primary education
85
Higher education and training
81
Goods market efficiency
60
Labour market efficiency
84
Financial market development
38
Technological readiness
110
Market size
3
Business sophistication
35
Innovation
29

  

Wednesday, 15 February 2017

Political systems


Notes on 3/2/17

COUNTRY DIFFERENCES

Political economy of countries:
To have a long term business between two business companies, they should initially discuss about the difference among them
.
Politics: There are two sciences, one is pure science which could be quantify and provable and other is social science which is not constant such as values, belief etc.
Based on Ideology, politics are classified into 3 types
  1. Individualism
  2. Collectivism
  3. Socialism

Individualism:
  • ·     Which is defined as a social theory favouring freedom of action for individuals over collective or state control
  • ·         Recognizing each person unique from other and it is preferred because it leads to innovation, growth and development
  •      It is base for Capitalism
  • ·         Countries like USA, Germany are following Capitalism.
  • ·         Negative impact of capitalism is the gap between people is maintained such as rich will  rich and poor remains poor.

Collectivism:
  • ·         Collectivism raise to the Communism is the idea that the individual’s life belongs not to him but to the group or society of which he is merely a part, that he has no rights, and that he must sacrifice his values and goals for the group’s “greater good.”
  • ·         Countries like China and Russia follows the communism
  • ·         Russia stood for the failure of communism and China is successful because it separate the politics and economics.

Socialism:
  • ·         Socialism  is characterised by social ownership and democratic control of the means of production, which may mean autonomous cooperatives or direct public ownership; wherein production is carried out directly for use. It is mix of both capitalism and communism.
  • ·         Eg: India


After Independence India joined the non align movement with lineage to USSR. In 1976 , the preamble to constitution of  was amended to read sovereign  'socialist' secular democratic country  .However due to economic crisis and on the verge of being bankrupt, India had to make massive changes .The then Prime Minister , P.V Narisima Rao along with his aides embarked on to the polices of liberalization .Since then India has been able to maintain a good growth and is prospering. 

BY
G.SWETHA
161121



Monday, 13 February 2017

From Big Mac to Rice Burger — Globalization: McDonald’s in Japan

Multinational corporations like McDonald’s are prime examples of how globalization works. While the concept of ‘globalization’ is not always easy to grasp, the ubiquitous big bright yellow triple ‘M’ is easily recognized from America to Africa. McDonald’s, embodying the concept, is therefore a great case-study when exploring the effects globalization. This short essay explores the impact of McDonald’s spread around the world-  specifically, of its growth in Japan.
Has the coming of McDonald’s restaurants brought American culture to Japan? To what extent does this process involve cultural imperialism? Before I go further into the case study of McDonald’s to Japan, I will briefly explain the concept of globalization. After a short history of McDonald’s, I will illustrate its introduction to Japan, followed by a brief conclusion on how McDonald’s has found its way in Japanese society.

Globalization

Globalization exists in many forms. One can speak of ‘globalization’ in economic terms: countries all over the world are becoming more dependent of each other when it comes to trade and computer connections. Cities like London, Tokyo and New York are closely connected in these ways. Globalization also works politically when countries develop closer ties (Wilterdink and Heerikhuizen 2003, 34). One also speaks of globalization in cultural terms. In “Global Culture: Dreams, Nightmares and Scepticism”, John Tomlinson writes about a ‘world culture’. This illustrates the idea that, as Hannerz points out, the world has become a network of social relationships where cultural practices and experiences are spread across over the globe (Tomlinson 1999, 71). By world culture he means the circumstances where these practices integrate and flow together.
When discussing the topic of globalization, the term ‘cultural imperialism’ is often coined. This popular ‘cultural imperialism thesis’ involves the idea that dominant cultures (generally American or Western culture) overrule others that are culturally weaker (80). One can especially perceive this idea of imperialism with worldwide consumer goods like food, clothes or music. It also reflects on how certain Western key institutions, like industrialism or urbanism, spread around the globe (91).
Although Tomlinson’s article mainly focuses on the concept of cultural imperialism, he is highly critical in his use of the term. He makes two general observations. First, he speaks of ‘cultural deterritorialization’ to explain how modern-day globalized culture (dominated by the West) is not experienced by Westerners as being their own (local) culture. This points out that global modernity is ‘placeless’ and ‘decentred’ (95). It seems to be nobody’s culture; it is deterritorialized. The West is not convinced of its own cultural superiority, and therefore, as Tomlinson says ‘(..) it seems unconvincing to speak of the present or future global cultural condition as the ‘ Triumph of the West’’ (96).
Secondly, Tomlinson does not believe that other (non-Western) cultures will disappear through the domination of the West (96). On the contrary, he believes that every culture applies new cultural systems or goods to its own society in unique ways. This is called ‘indigenization’, where the receiving culture gives its own ‘flavour’ to imported cultural goods (84).
Although Tomlinson does not deny that globalization evolves unbalanced processes where there are winners and losers (97), he points out that cultural imperialism might not be as bad as it sounds. It does not necessarily imply that the whole world will become Americanized or Westernized.

McDonald’s in Japan

The first 1954 McDonald’s in Los Angeles was not more than an ordinary drive-in where people could buy cheap hamburgers (no need to tip the waitress!). It was Ray Kroc, salesmen of paper cups and mixers, who signed a contract with owners Dick and Mac McDonald to expand the McDonald’s concept. In 1974, the analysis of the McDonald’s company was as follows: “The basis of McDonald’s success is serving a low-priced, value-oriented product fast and efficiently in clean and pleasant surroundings. While the Company’s menu is limited, it contains food staples that are widely accepted in North America” (Ray Kroc 1977, 177). Ray Kroc was a risk taker who believed in the simple formula of clean and cheap McDonald’s restaurants. The Big Mac was introduced in 1968. In 1976, the 4000th restaurant was opened in America. At present McDonald’s has globally spread to 118 different countries.
McDonald’s has gone a long way from being a simple drive-in. In 1971 the chain reached Japan, where it immediately became a huge success. McDonald’s Japan preserved the original McDonald’s concept, but did apply slight adjustments to the menu in order to comply with Japanese taste. McDonald’s Japan introduced the Teriyaki Burger, the Rice Burger and, amongst other products, Green Tea ice-cream.

Except for slight changes in the menu, other differences emerged between McDonald’s US and McDonald’s Japan. These differences relate to how McDonald’s restaurants were perceived by Japanese consumers. In “McDonald’s in Japan: Changing Manner and Etiquette”, Ohnuki-Tierney writes how most Japanese consumers consider McDonald’s products as snacks rather than considering them to constitute a ‘real’ meal. McDonald’s therefore did not pose a serious threat to the Japanese lunch or dinner market (Ohnuki-Tierney 1997, 164). Several factors explain this perception of McDonald’s products as snacks. The first important reason is that most products on the McDonald’s menu, such as hamburgers, cannot be shared amongst several people. Sharing is an important part of Japanese dinner or lunch time, because it brings a sense of community (169).
Secondly, McDonald’s food consists mostly of meat and bread. The majority of the Japanese population does not consider meat as a part of their traditional lifestyle; it is typically considered to be part of the Western diet. Before McDonald’s was introduced in Japan,the combination of meat and bread was quite alien to many Japanese. Additionally, the overall lack of rice in McDonald’s food makes it unsuitable for a proper dinner or lunch. According to most Japanese, a ‘real’ meal always includes rice, which is not only seen as good nutrition but also as an important part of Japanese national identity (166).
McDonald’s did not only introduce a new type of food to Japan, it also introduced a new way to eat. The ‘table manners’ at McDonald’s clashed with traditional Japanese ways to eat. At McDonald’s, one eats whilst standing instead of sitting, and uses his hands instead of chopsticks. McDonald’s also made it more common to drink soda’s directly out of the bottle, and to finish a meal with some ice-cream (179). Although many facets within this new style of eating were initially associated with bad etiquette, McDonald’s turned them into something trendy. But, as Ohnuki-Tierney writes: ‘In the public sphere the “new” forms of etiquette gradually became the norm; the fashionableness of eating fast food wore thin as the restaurants became a routine feature of everyday, working life’ (181). McDonald’s became a mainstream phenomenon within Japanese society.

Global goes Glocal

Whilst McDonald’s initially symbolized American culture (or rather, symbolized how the US was perceived by Japanese), it has now become part of Japanese ‘local’ culture. I would rather refer to this as ‘glocal’; a concept to illustrate the intermingling of the global and the local.McDonald’s has become indigenized by Japanese; is has been adapted to suit Japanese society as a the place to have a quick snack. One can eat a quick Teriyaki or Rice Burger there while sipping on an Oolong tea and reading the Japanese McJoy magazine. In the case of McDonald’s in Japan, Tomlinson is quite right that cultural imperialism is not as bad as some people claim it is. McDonald’s presently is embedded in Japanese culture. This reveals that the concept of McDonald’s is not interpreted univocally across the world. Different cultures somehow mix the concept with existing societal norms. In this way, no matter how globalized the world becomes, diversity will prevail amongst its many cultures. Global becomes glocal. After all, the Big Mac and the Rice Burger simply are not the same burger.
– by Manya Koetse
References:
*Kroc, Ray. 1977. Grinding it Out: The Making of McDonald’s. Berkley: St. Martin’s.
*Ohnuki-Tierney, Emiko. 1997. “McDonald’s in Japan: Changing Manners and Etiquette”. Pp. 161-182 in Golden Arches East: McDonald’s in East Asia, edited by J.L. Watson. California: Stanford University Press.
*Tomlinson, John. 1999. “Global Culture: Dreams, Nightmares, and Skepticism.” Pp. 71-96 in Globalization and Culture. Chicago: University of Chicago Press.
*Wilterdink, Nico and Bart van Heerikhuizen. 2003. Samenlevingen: Een Verkenning van het Terrein van de Sociologie. Groningen: Wolters-Noordhoff

Sunday, 12 February 2017

Difference between globalization and internationalization 19-01-2017

                            Global Business Management                     19/01/2017
Difference between globalization and internationalization:
Globalization:
Opening up of borders or doing business in many parts of the globe without barriers is called globalization.
Internationalization:
Doing business with countries nearby or less distance from the actual or host country is called internationalization.
Methods of globalization:
There are two methods of globalization. They are
1)    Globalization of markets
2)    Globalization of production.
Difference between industry and market:
Industry consists of producers and suppliers of raw material, semi-finished goods and people. In economic terms industry deals with “supply”.
Market consists of competitors and customers who includes channel partners such as distributors and retailers. In economic terms markets deals with “demand”.
Globalization of production:
It is also called as “global sourcing”. it comes under both industry and market. It takes place by “investment”. Example include FDI.
Globalization of market:
Globalization of markets occurs through “Trade”. However it is less risky because if a trade goes wrong only that trade is the loss.
Whereas investment is more risky as it involves
1)    Long term investment
2)    There exists a chance of losing the brand image.
Easiest method of entering into globalization is through “TRADING”. The different ways through which one can start business in other countries are:
1)    Establishing branch or franchise.
2)    Involving in joint ventures.
3)    Setting up 100% green field.

BY CHAKRAVARTHY(161131).





Thursday, 9 February 2017

LEGAL SYSTEMS 09-02-2017

Date: 09/02/2017


Policy: It has assured to take the transition smoothly.

             Ex: Kirana to small super bazaars (small marts).

Legal: It is implementation and execution of policy.

Three types of laws :

Common Law: It is based on tradition, precedent and custom.
  • Common law doesn’t fall under economic & religion.
  • It is same for all countries.
Civil Law: It is based on a very detailed set of law originated into codes.
  • In this law court can always interrupt and judge what is right and wrong.
  • It varies from country to country. 
Theocratic Law: It is based on religious techniques.
  • Ex: Sharia Law in Islamic countries.
  • Ex: Confucius was the leader and teacher of religion in China. He is the one who amended Buddhism in China.
  • It varies from country to country.

Differences in Contract Law

Question: In a contract dispute, which country's laws should apply?

Answer: The United Nations Convention in Contracts for the International Sales of Goods (CIGS), establishes a uniform set of rules governing certain aspects of the making and performance of everyday commercial contracts between sellers and buyers who have their places of business in different nations.

Contract: Which is read, understood and signed by both is called contract.
  • It is different from agreement.
  • No world body can take away the sovereignty of a particular country.
  • In every contract there should be arbitrator.

Property Rights and Corruption

Property rights: The legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

Property rights can be violated by:
  • Private action - Theft, piracy, blackmail and the like by private individuals or groups.
  • Public action - Public officials export income or resources from property holders.
  • Physical & Chemical property.
  • Physical & Intellectual property.
  • Chemical property - cannot be violated.
  • Physical & Intellectual Property - can be violated and stolen. 
  • Ex: In Gulf country there should be gulf resident partner to buy any property in gulf.

Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act limits corruption in the U.S.
  • It is illegal to bribe a foreign government official in order to obtain or maintain business over which the foreign official has authority.
  • All publicly traded companies must keep detailed records so that it is clear whether a violation of the act has occurred.
  • Facilitating or expediting payments to secure the performance of routine government actions are permitted.
  • Government are the biggest purchasers in the country in all sectors.
  • Ex: Military arms and Air crafts.
  • CSD - Canteen Stores Department
  • Corruption Law differs from country to country.

The Protection of Intellectual Property

Intellectual property: Property that is the product of intellectual activity.

Intellectual property rights include:
  • Patents - Give the inventor exclusive rights to the manufacture, use or scale of that invention.
  • Copyrights -  Exclusive legal rights of authors, composers, playwrights, artists and publishers to publish and dispose of their work as they see fit.
  • Trademarks - Designs and names, often officially registered, by which merchants or manufactures designate and differentiate their products.
  • Ex: Trademark - TATA (Corporate brand)
  • Ex: Brand name - Made in U.S.A (Fake Brand name)
  • U.S.A - Ullas Nagar Sindhi Association.




S. Somanath Deepak
(161353)






Wednesday, 8 February 2017

2nd session 20-1-2017

2nd session - 20/01/17


1.products and services are interdependable
2.globalization of market is expanding the market.

what drives globalization ?
1) liberalization policy
2) urge of expansions(scarcity demand and so..)
eg:USA

-creating demand
-demand follows product in innovation
-product follows demand in requirement.

3)utilization of resources
resourse like affordable manpower,raw materials,technology,investments

note : here affordable means "productivity"

components of market:
large market size,less colmpitition,new product.

Barriers or limitations of globalization :
-protecting local content requirement that is local manufacturers.
-culture (to certain limit)
-entry of new competitors
-standards

Note : barrires are called protectionist policies.

Monday, 6 February 2017

case study of starbucks

Globalization of Starbucks
The globalization of Starbucks Thirty years ago, Starbucks was a single store in Seattle’s Pike Place Market selling premium-roasted coffee. Today it is a global roaster and retailer of coffee with some 16,700 stores, 40percent of which are in 50 countries outside the United States. Starbucks set out on its currentcourse in the 1980s when the company’s director of marketing, Howard Schultz, came back froma trip to Italy enchanted with the Italian coffeehouse experience. Schultz, who later became CEO, persuaded the company’s owners to experiment with the coffeehouse format—and the Starbucks experience was born. The strategy was to sell the company’s own premium-roasted coffee and freshly brewed espresso-style coffee beverages, along with a variety of pastries, coffee accessories, teas, and other products, in a tastefully designed coffeehouse setting. From the outset, the company focused on selling a “third place between work and home” experience, rather than just the coffee. The formula led to spectacular success in the United States, where Starbucks went from obscurity to one of the best-known brands in the country in a decade. Thanks to Starbucks, coffee stores became places for relaxation, chatting with friends, reading the newspaper, holding business meetings, or (more recently) browsing the Web. In   1995,   with   700   stores   across   the   United   States,   Starbucks   began   exploring   foreign opportunities.  Approximately 18 years ago, in the mid-1990s, Starbucks opened up their first location outside North America: Japan.  The company established a joint venture with a local retailer, Sazaby Inc. Each company held a 50 percent stake in the venture, Starbucks Coffee of Japan. Starbucks initially invested $10 million in this venture, its first foreign direct investment. The Starbucks format was then licensed to the venture, which was charged with taking over responsibility for growing Starbucks’ presence in Japan. Today, Starbucks Japan has become the largest coffee chain in Japan with a market share of48.0%. Their aggressive expansion plan projects a goal of 10% annual growth in their locations not to mention, revenue has grown by 14.7% in the past five years. It seems that more than a few Japanese consumers are choosing Starbucks over the other coffee shops, like Detour, Saintmarc, or Tully’s Coffee .It’s clear that Starbucks Japan is a great success story; and the secret may lie in the balance Starbucks has found between maintaining the trendiness of being an American brand and adapting to the Japanese market. Firstly they have managed to identify certain cultural shifts; the country was slowly moving away from certain traditions of collectivism towards individualism. For global brands such as Starbucks, this change in values has translated into many persons who can both afford and wish to be seen consuming an upscale coffee-based drink in its own distinctive packaging and cup, Starbucks being merely one Western luxury or status brand to which people can aspire. For at least as long as the novelty or cachet of such a famous American brand is in effect, many young people are willing to break with any traditions of visiting teahouses or Japan’s  previously existing coffeehouses, the latter of which Starbucks differed from greatly by being clean, smoke-free, family-friendly, and well lit. Secondly, although certain cultural changes were noticed but those were not enough to support such foreign venture and while many businesses fail to understand the extent to which Japanese culture cherishes tradition, Starbucks has taken the extra step to become familiar with Japanese culture. An example is the importance of top quality customer service in Japan. Starbucks has also removed their signature service of asking for a customer’s name when writing down their order as a result of the Japanese highly valuing their privacy. To address the Japanese love of tradition and national festivals, Starbucks has developed limited-time seasonal drinks such as the Sakura (cherry blossom) Frappuccino. They have also implemented “concept stores” that are specifically designed to complement the atmosphere of certain neighborhoods, and whose product offerings have been changed to reflect Japanese tradition more thoroughly. On the other hand, to make sure the Japanese operations replicated the “Starbucks experience” in North America, Starbucks transferred some employees to the Japanese operation. The licensing agreement required all Japanese store managers and employees to attend training classes similar to those given to U.S. employees. The agreement also required that stores adhere to the design parameters established in the United States. Thus it could be said that Starbucks has successfully managed to combine their exciting American flair with the underlying values of the Japanese to create an unbeatable experience. After Japan, the company embarked on an aggressive foreign investment program. In Asia, Starbucks’ most common strategy was to license its format to a local operator in return for initial licensing fees and royalties on store revenues. In 1998, it purchased Seattle Coffee, a British coffee chain with60 retail stores, for $84 million. In the late 1990s, Starbucks opened stores in Taiwan, China, Singapore, Thailand, New Zealand, South Korea, and Malaysia. Hence it could be said that although originally they were concentrating on the franchising method of expansion and licensing of its products, Starbucks later pursued other options such as joint ventures, wholly owned subsidiaries, and acquisitions to retain tighter control over operations. As it has grown its global footprint, Starbucks has also embraced ethical sourcing policies and environmental responsibility. Now one of the world’s largest buyers of coffee, in 2000 Starbucks started to purchase Fair Trade Certified coffee. The goal was to empower small-scale farmers organized in cooperatives to invest in their farms and communities, to protect the environment, and to develop the business skills necessary to compete in the global marketplace. In short, Starbucks was trying to use its influence to not only change the way people consumed coffee around the world, but also to change the way coffee was produced in a manner that benefited the farmers and the environment. By 2010, some 75 percent of the coffee Starbucks purchased was Fair Trade Certified, and the company has a goal of increasing that to 100 percent by 2015.

Source:  website: http://documents.tips/documents/the-globalization-of-starbucks.html
1.       What drove Starbucks to start expanding internationally? What lesson for InternationalBusiness can be drawn from this?
2.       How culture played a dominant role in Starbucks foreign operation staring from choosing location to entry mode to changed market offering, explain
3.       Why do you think Starbucks entered the Japanese market via a joint venture? What lessons can you draw from this?
4.       Which theory of  FDI best explains the  international expansion strategy  adopted  by Starbucks? 
5.       When it comes to purchasing coffee beans Starbucks adheres to a fair trade program.What do you think is the difference between free trade and fair trade? How might a fair trade policy benefit Starbucks


Thursday, 2 February 2017

GBM SYLLABUS 24th batch

Session
                      Topics  & Contents
Type of Learning
Pre-class preparation
1
Overview, Scope and Relevance of the course and its interface with other disciplines
What is Globalization? – Globalization of Markets and Production
Faculty notes
     ---
2
Globalization Drivers- Declining Barriers and Technology changes; Globalization Impact.
Faculty taught
Text book
Chapter 1
3
WTO Report on World Trade Statistical Review 2016 and UNCTAD Trade and Development Report 2015
Class Discussion
WTO/ UNCTAD Reports
4
Managing in the Global Marketplace-Implications for Business-  Caselets on Starbucks and McDonald’s
Globalization Debate-Panel Discussion-Student Gr.1
Case Discussion
Panel Discussion
Case preparation Text Book Pages
27/28/34/35
5
Changing Face of World Economy------GDP, FDI, MNEs and Global Economy-Student Groups.2 and 3
Case discussion: Changing Political Economy of India
Student Presentations
Class discussion
Text Book
Chapters 1 & 2
6
Country Differences-Political-Democracy/Totalitarian Economic-Market/Command/Mixed; Social: Hofstede factors; Technological: Process, systems and Products
Faculty taught
Text Book
Chapter 2
7
Country Differences-Legal Systems-IPR/ Product Liability
http://www.altacit.com/wp-content/uploads/2015/03/The-Protection-of-Geographical-Indication-in-India-Case-Study-on-Darjeeling-Tea.pdf-Group-5
Faculty Taught
Class Discussion
Student Presentations
Case preparation
8
Cultural and Global Business-Social Stratification
Student Presentations-Grps6/7 on Culture
Faculty Taught
Student Presentations
Text Book
Chapter 4
9
International Trade: Benefits of trade; Pattern of international trade;
Theories of International Trade–  Hecksher Ohlin and Leontiff Paradox; Product Life Cycle Theory;

Faculty taught
Text Book
Chapter 6
10
Theories of International Trade– Absolute advantage; Comparative Advantage;
Faculty Taught
Text Book
Chapter 6
11

Porter’s Diamond – Competitive advantage theory- A case of comparing India and China
Global Competitiveness Report-2016
Faculty Taught
Class discussion

Text Book
Chapter 6
GCR 2016
12

Political Economy of International Trade:
Instruments for intervention – tariffs, subsidies, etc.-Student Presentations-Group-6;
Arguments in favor of intervention; revised case for free trade- Student Presentations-Group-7;
Case study of POSCO
Faculty taught/Student presentations/
Case discussions
Text Book
Chapter 7
Case Study preparation
13
Role of WTO in global business-TRIPS and Dispute Settlement Mechanism
Case Studies: Dolphin-Tuna; Turtle/Shrimp, Beef hormone dispute
Faculty taught

Case discussions
Text Book
Chapter 7
Case Study preparation
14
Foreign Direct Investment; Trends, Direction and Sources-Student presentations-group 8;
Why FDI – The Eclectic Paradigm.
UNCTAD World Investment Report, 2016
Faculty taught/Student presentations/
Class discusions
Text Book
Chapter 8
UNCTAD report preparation

15

Functioning of Forex Markets-Currency Convertibility and Conversion; Exchange rate regimes in practice – pegged rates and Currency Board
Faculty taught
Text Book
Chapter 10
16

International Monetary System-IMF and World Bank
Student Presentations-Groups 9 and 10
Student Presentations
Text Book
Chapter 11
17

Regional Economic integration-Levels of Economic integration-case for and case against regional integration
Basic entry decisions; Entry Modes- exporting, turnkey projects; licensing; franchising; joint ventures; wholly owned subsidiaries
Faculty Taught
Text Book
Chapters 9 & 13
18

Entry strategy : Selecting an entry mode – Greenfield vs acquisition; Strategic alliances – advantages and disadvantages
Faculty Taught
Text Book
Chapter 13
19
India’s Foreign Trade Policy-Highlights; India’s Export Import Trends
Faculty Taught
Text Book
Chapter 14
Faculty notes
20
Important Location factors, Repatriation, Globalization of 4Ps
Faculty Taught
Text Book
Chapters 15-17
21-22
Group Term Paper Presentations
Student  Group Presentations