BUSM 52310 (W-2023) – Tentative MidTerm EXAM

BUSM 52310 (W-2023) – Tentative MidTerm Questions Long Questions (450-500 words) You will answer 2 out of 4 questions Lecture 2: Globalization and the Global Economy 1. Explain the Global Value Chain (GVC) concept citing examples from the case study TruckLabs. 2. Why did Zakary Pashak want to bring bike manufacturing back to the United States in 2013 (Case Study – Detroik Bikes)? Was this an economically rational strategy? What problems did he confront when trying to do this? 3. What does Detroit Bikes case study tell you about (a). the benefits of international trade and globalization: (b). the challenges associated with insourcing manufacturing, and (c). intended and unintended consequences of import tariffs? (Case Study – Detroik Bikes). Lecture 3: Political Environment 4. How would you describe China’s current economic system? What are the benefits of this system? What are the potential drawbacks? (Case Study: China’s Mixed Economy). 5. Do you think the Chinese enterprises that received substantial funds at below-market interest rates from state-owned banks, such as Huawei, should be allowed to compete in international market against private companies that received no such assistance? What policy remedies, if any, would you suggest here? (Case Study: China’s Mixed Economy). 6. What are the root causes of Argentina’s relatively poor economic performance? Explain these causes have impacted the country’s economic growth rate? (Case Study – What Ails Argentina?)