What’s Included?
Instructor's Manual
Critical Thinking and Discussion Questions
Answers to globalEDGE Research Task Exercises
Integrative Cases: Teaching Notes
,Table of Contents are given below
1. Globalization
2. National Differences in Political, Economic, and Legal Systems
3. National Differences in Economic Development
4. Differences in Culture
5. Ethics, Corporate Social Responsibility, and Sustainability
6. International Trade Theory
7. Government Policy and International Trade
8. Foreign Direct Investment
9. Regional Economic Integration
10. The Foreign Exchange Market
11. The International Monetary System
12. The Global Capital Market
13. The Strategy of International Business
14. The Organization of International Business
15. Entering Developed and Emerging Markets
16. Exporting, Importing, and Countertrade
17. Global Production and Supply Chain Management
18. Global Marketing and Business Analytics
19. Global Human Resource Management
20. Accounting and Finance in International Business
, Chapter 01 – Globalization
1 Globalization
This chapter introduces the emergence of the
globally integrated business world.
Learning Objectives Globalization has reduced the traditional
barriers to cross-border trade and investment
• LO1-1: Understand what is meant by (distance, time zones, language, differences in
the term globalization. government regulations, culture, and business
systems).
• LO1-2: Recognize the main drivers of
globalization. To begin the discussion of contemporary
issues in international business,
• LO1-3: Describe the changing nature macroeconomic and political changes in the
of the global economy. last 50 years are reviewed.
• LO1-4: Explain the main arguments in Information technology and other technological
the debate over the impact of innovations have put global markets within the
globalization. reach of even small firms in remote locations.
Yet, in spite of all its benefits, globalization has
• LO1-5: Understand how the process of some downsides. Critics point out its adverse
globalization is creating opportunities effects, including those on developing nations.
and challenges for management
practice. The opening case explores the reasons Apple
moved production into China and then began to
pull out of that country. The advantages of
producing in China include lower labor costs,
the ability of Chinese subcontractors to scale up
or down quickly, the availability of great
numbers of engineers, and the fact that many of
the factories producing needed components
were located near the iPhone assembly plant in
China. However, events such as the Trump
administration’s tariffs on Chinese imports,
rising geopolitical tensions, and the COVID-19
pandemic caused Apple to begin diversifying
the locations of its production facilities to
countries such as Vietnam and India. The
closing case explores how globalization
influences strategic decision making at
TruckLabs, a U.S. company producing panels
designed to improve the aerodynamics of cargo
1-1
, Chapter 01 – Globalization
trucks and save on fuel costs. In 2015, had made production in China attractive from a
TruckLabs set up manufacturing in Asia, but by cost perspective had been wiped out by high
2017, the company had decided to shift tariffs levied by the United States on products
production back to the United States. The low imported from China.
wage rates and large pool of skilled labor that
1-2
Instructor's Manual
Critical Thinking and Discussion Questions
Answers to globalEDGE Research Task Exercises
Integrative Cases: Teaching Notes
,Table of Contents are given below
1. Globalization
2. National Differences in Political, Economic, and Legal Systems
3. National Differences in Economic Development
4. Differences in Culture
5. Ethics, Corporate Social Responsibility, and Sustainability
6. International Trade Theory
7. Government Policy and International Trade
8. Foreign Direct Investment
9. Regional Economic Integration
10. The Foreign Exchange Market
11. The International Monetary System
12. The Global Capital Market
13. The Strategy of International Business
14. The Organization of International Business
15. Entering Developed and Emerging Markets
16. Exporting, Importing, and Countertrade
17. Global Production and Supply Chain Management
18. Global Marketing and Business Analytics
19. Global Human Resource Management
20. Accounting and Finance in International Business
, Chapter 01 – Globalization
1 Globalization
This chapter introduces the emergence of the
globally integrated business world.
Learning Objectives Globalization has reduced the traditional
barriers to cross-border trade and investment
• LO1-1: Understand what is meant by (distance, time zones, language, differences in
the term globalization. government regulations, culture, and business
systems).
• LO1-2: Recognize the main drivers of
globalization. To begin the discussion of contemporary
issues in international business,
• LO1-3: Describe the changing nature macroeconomic and political changes in the
of the global economy. last 50 years are reviewed.
• LO1-4: Explain the main arguments in Information technology and other technological
the debate over the impact of innovations have put global markets within the
globalization. reach of even small firms in remote locations.
Yet, in spite of all its benefits, globalization has
• LO1-5: Understand how the process of some downsides. Critics point out its adverse
globalization is creating opportunities effects, including those on developing nations.
and challenges for management
practice. The opening case explores the reasons Apple
moved production into China and then began to
pull out of that country. The advantages of
producing in China include lower labor costs,
the ability of Chinese subcontractors to scale up
or down quickly, the availability of great
numbers of engineers, and the fact that many of
the factories producing needed components
were located near the iPhone assembly plant in
China. However, events such as the Trump
administration’s tariffs on Chinese imports,
rising geopolitical tensions, and the COVID-19
pandemic caused Apple to begin diversifying
the locations of its production facilities to
countries such as Vietnam and India. The
closing case explores how globalization
influences strategic decision making at
TruckLabs, a U.S. company producing panels
designed to improve the aerodynamics of cargo
1-1
, Chapter 01 – Globalization
trucks and save on fuel costs. In 2015, had made production in China attractive from a
TruckLabs set up manufacturing in Asia, but by cost perspective had been wiped out by high
2017, the company had decided to shift tariffs levied by the United States on products
production back to the United States. The low imported from China.
wage rates and large pool of skilled labor that
1-2
