International Business Environment
The international business environment course will help students understand how to conduct business internationally. The course will in particular focus on the political and legal environment, which has an enormous influence on business related to tariffs, investments, trade etc. The students will acquire knowledge about the international and multinational organizations that drive and facilitate processes of global economic integration. Such organizations comprise the International Monetary Fund, the World Bank, and the World Trade Organizations as well as regional agreements such as the EU and the NAFTA (North American Free Trade Agreement). To succeed in international business an understanding of the organizations that regulate cross-border business activities is essential.
The course also aims to provide an understanding of challenges, not only benefits, linked with globalization such as environmental issues, climate change, and ethical issues linked with working conditions, the treatment of workers and corruption, is critical for working in an international business environment.
The course relies on theoretical concepts, empirical evidence, and a broad understanding of international institutional environments. Case studies will illustrate and advance theoretical concepts developed in the lectures.
- Understanding institutions
- The regulation of international trade
- Key international organizations
- Regional dynamics, emerging economies
- Global challenges: the environment, labour standards, poverty
Learning outcome knowledge
Students will learn about the following topics:
- Recent trends in the process of globalization
- Trading in the context of the World Trade Organization
- The growth of regional trading blocs and their business implications
- International differences in the costs of doing business
- Benefits and risks linked with outsourcing and global production chains
- Written assignment: 20%
- Presentation and discussion: 20%
- Written assignment: 60%