Course Description:
This course aims to review recent inspiring business ideas and discuss the strategies of doing business in the emerging market economies (EMEs) in our dynamically changing and crisis-prone global economy. Recent challenges such as pandemics, climate change, the wave of populism, and have trade protectionism have added new challenges to the world economy and increased the importance of properly forecasting uncertainties in the global business environment and conduct business in different cultural and political economy contexts. In addition to the up-to-date articles, the course is supported by many company case studies from different countries, from several globally expanding manufacturing and services sectors.
Learning Objectives and Outcomes:
Seminar participants will be able to review the international institutions and practices that affect international business; understand the trade, investment theory, and foreign exchange theories; perceive the different forms of interactions between business and government, develop insight into the management implications of global business strategy and operations, and examine the various cultural, political and legal issues that impact business activities in EMEs.
Key Words and Theme:
Globalization; national differences in politics, culture, and economy; international economy, global production chains, outsourcing and logistics; foreign direct investment, international business strategy (i.e., Entry-Exit, Strategic Alliances, M&As), external shocks.
Prerequisites (Recommended):
Introduction to Economics/International Business/Trade
Teaching Strategy:
Lecture will be handled mostly through online power point presentations by the lecturer with an active and interactive online-class discussions. Students will be asked to read and discuss several articles and case studies.
Course Evaluation:
Evaluation will involve active participation of the students to the lectures, their presentation performance, and one final (take-home) exam.
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