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Instructor Manual for International Business The Challenges of Globalization 9th Edition By John Wild, Kenneth Wild (All Chapters, 100% Original Verified, A+ Grade) $16.49   Add to cart
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Instructor Manual for International Business The Challenges of Globalization 9th Edition By John Wild, Kenneth Wild (All Chapters, 100% Original Verified, A+ Grade)
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  • May 23, 2024
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Ninth Edition John J. Wild Kenneth L. Wild Instructor's Manual
For International Business: The Challenges of Globalization By John J. Capela By Copyright © 2019 Pearson Education, Inc. CHAPTER 1 GLOBALIZATION LEARNING OBJECTIVES : 1.1 Identify the types of companies active in international business. 1.2 Explain globalization and how it affects markets and production. 1.3 Detail the forces that drive globalization. 1.4 Outline the debate about globalization’s impact on jobs and wages. 1.5 Summarize the debate about income inequality. 1.6 Outline the debate about culture, sovereignty, and the environment. 1.7 Identify how this course will help you develop skills for your career. CHAPTER OUTLINE : Introduction Key Players in International Business Multinational Corporations Entrepreneurs and Small Businesses What I s Globalization? Globalization of Markets Reduces Marketing Costs Creates New Market Opportunities Levels Uneven Income Streams Local Buyers’ Needs Global Sustainability Three Markets, Three Strategies Globalization of Production Access Lower-Cost Workers Access Technical Expertise Access Production Inputs Forces Driving Globalization Falling Barriers to Trade and Investment World Trade Organization Other International Organizations Regional Trade Agreements Trade and National Output Technological Innovation E-Mail and Videoconferencing
The Internet
Company Intranets and Extranets
Advancements in Transportation Technologies
Measuring Globalization Debate about Jobs and Wages Against Globalization Eliminates Jobs in Developed Nations Ch 1: Globalization Copyright © 2019 Pearson Education, Inc. 2 Lowers Wages in Developed Nations Exploits Workers in Developing Nations For Globalization Increases Wealth and Efficiency in All Nations Generates Labor Market Flexibility in Developed Nations Advances the Economies of Developing Nations Summary of the Jobs and Wages Debate Debate about Income Inequality Inequality within Nations Inequality between Nations Global Inequality Summary of the Income Inequality Debate Debate about Culture, Sovereignty and the Environment Globalization and Culture Globalization and National Sovereignty Globalization: Menace to Democracy? Globalization: Guardian of Democracy? Globalization and the Environment Developing Skill for Your Career The Global Business Environment The Road Ahead for International Business Bottom Line for Business A comprehensive set of specially designed PowerPoint slides is available for use with Chapter 1. These slides and the lecture outline below form a completely integrated package that simplifies the teaching of this chapter’s material. Lecture Outline I. INTRODUCTION
Globalization is reshaping our cultures, our political, legal, and economic
systems, and affecting our standards of living. It alters the global pattern of trade
and investment by expanding markets and multiplying production possibilities.
II. KEY PLAYERS IN INTERNATIONAL BUSINESS
Large firms from developed nations once dominated, but firms from Brazil,
China, and India now play a bigger role. Technological advancements allow small
and midsize companies to better compete.
A. Multinational Corporations
A multinational corporation (MNC) has direct investments abroad in
multiple countries. They generate significant jobs, investment, and tax
revenue for the regions and nations they enter.
1. Profiling the largest multinationals
a. Some MNCs have more employees than small nations have
citizens (e.g., Walmart has 2.2 million employees globally). Ch 1: Globalization Copyright © 201 9 Pearson Education, Inc. 3 b. If Walmart were a c ountry, it would rank third behind Norway in terms of economic power (Figure 1.1). B. Entrepreneurs and Small Businesses 1. They are increasingly active in international business by exporting earlier and growing faster with help from technology. 2. A born global firm is a company that adopts a global perspective and engages in international business from or near its inception. 3. Some small Internet companies reach customers solely through the Web (e.g., Vellus Products, Weekend in Italy). III. WHAT IS GLOBALIZATION ? Globalization is the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies. It is marked by “denationalization,” which is not “internationalization.” A. Globalization of Markets 1. Conver gence in buyer preferences in markets around the world a. Reduces marketing costs by standardizing activities b. Creates market opportunities abroad if home is small or saturated c. Levels uneven income streams for global seasonal products d. Companies must not overlo ok local buyers’ needs e. Need for global sustainability —development that meets the needs of the present without compromising the ability of future generations to meet their own needs. 2. Global Sustainability, Three Markets, Three Strategies. The world’s 7 b illion people live in three types of markets, yet all require companies to act in a sustainable manner: a. Developed markets are solidly middle class and people can consume almost any product desired. A firm may use the latest technologies to develop susta inable products in a sustainable manner. b. Emerging markets are racing to catch up to rich nations and are overloading infrastructures. Resource constraints can force companies to develop sustainable production methods. c. Traditional markets have mostly rural populations for whom poverty and corruption prevail. Here, sustainability means teaching safe farming practices, environmental stewardship, and disease awareness. B. Globalization of Production 1. Dispersal of production activities to locations that hel p a company to minimize costs or maximize quality a. Access lower -cost workers to cut overall production costs b. Access technical expertise c. Access production inputs unavailable or more costly at home

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