Nobody downloaded yet

International Business and Economics - Assignment Example

Comments (0) Cite this document
From the discussion in the paper "International Business and Economics," it is clear that International Business–Licensing is a business arrangement that gives a business firm permission to manufacture a certain product of another firm in return for some payment…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
International Business and Economics
Read TextPreview

Extract of sample
"International Business and Economics"

Download file to see previous pages Franchising is very similar to licensing except in the degree of control by the licensor in that a franchise has to adhere strictly to a set of standards such as in marketing strategy and in its sales promotions (Welch, Benito, and Petersen, 2007, p. 53). Example of licensing would be a Mickey Mouse logo licensed to a kids shoe manufacturer while franchising is a McDonald's. Turnkey operations are a type of business entry mode in which one company contracts with another company to build, construct and complete ready-to-use facilities (Paul, 1966, p. 162). Most turnkey projects are usually in the construction and industrial-equipment sectors which require big capital and specialized expertise (Daniels, Radebaugh and Sullivan, 2008, p. 45). Management contracts pertain to agreements between investor groups of a big project and the management company hired for their expertise to manage, coordinate and oversee the project. The company is hired provides its management, administrative and organizational talents in return for a management fee such as those quite common in global hotel chains like Hilton. A direct investment is an investment made with a view to acquiring a lasting or long-term part or interest in an existing operational business enterprise in order to have an effective voice in the management of the said enterprise. In practice, this translates to buying the equity of 10% or more in the foreign firm as a form of market entry when other modes are not very assured of success. In this regard, foreign direct investment (FDI) is a way for capital to move from the low-return environment to a higher-profit market (Moosa, 2002, p. 24). Portfolio investment is an investment in stocks and securities for profits only and is called “hot money.” Attitudes to Foreign Cultures – the managers and employees of multinational firms try to adapt to foreign cultures sometimes based on their home culture. In most instances, the managers who are very democratic in their attitudes at their home country also extend these same traits of democratic practices such as sharing of vital information with the employees in a foreign country where they operate in (Toyne, 1980, p. 135). In some situations, the contrast of country managers is very vast such as imposing their home country's practices, beliefs and values on the host country's employees (Hofstede, 2003, p. 440) as a frame of reference while others take a more tolerant attitude and try to learn more and understand the foreign culture in a much better and deeper way (Ajami et al., 2006, p. 215). The success of a manager in the foreign country depends to a big extent on his or her cultural intelligence quotient (CQ) level similar to intelligence quotient (IQ) or emotional quotient (EQ) by being able to sufficiently read and analyze individual behaviors, attitudes, group dynamics and the unique situations in the context of the foreign culture (Kreitner, 2006, p. 97) beyond just learning the language. Key Means of Economic Transition – a command economy is an economy that is being managed centrally by the government bureaucrats. In other words, the demand and also the supply of certain products, goods, and services are determined by government planners. It is these people who decide which goods and services are to be produced, how they are priced and how these are to be distributed instead of allowing free market forces to do so. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“International Business and Economics Assignment”, n.d.)
International Business and Economics Assignment. Retrieved from
(International Business and Economics Assignment)
International Business and Economics Assignment.
“International Business and Economics Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
International economics
...? INTERNATIONAL ECONOMICS In this planet many things can be divided, altered and exploited which aids to the growth of civilization, but the information is the rarest of atypical wealth that cannot be stolen and it relics integral with a person in anticipation of it is articulated (Salvatore 2013, p. 44). Once it is expressed, there is no assurance how it is utilized and manipulated (Salvatore 2013, p. 46). To organize this illicit use of expertise several laws like copyright laws, exclusive rights laws e.t.c were outlined all around the globe (Salvatore 2013, p. 47). Knowledge is renowned as one of the competent resources for active global business surroundings (Salvatore 2013, p. 48)....
4 Pages(1000 words)Essay
International Business Economics
...International Business Economics Question: To what extent can current world trade be explained by traditional ical/ neo ical trade theories International trade involves the exchange of goods and services across countries boundaries. The classical school of economists included the following theorists: Adam smith-1723-1790, David Ricardo-1772-1823, Thomas Math us and John Stuart mill. They were called classical because of their wide spread popularity and their unquestionable authority like the Bible, the school brought tremendous changes to economic thinking, they brought order to the chaotic state of economic enquiry and finally because...
6 Pages(1500 words)Essay
International business economics
..., Tata Daewoo attained an annual turnover close to $300 million for 2004-2005. This increased by another 70 million during the next year. Post tax profit reached from $14 million from $5.2 million during this period. “In the first half of the current fiscal, the company posted net profit of $11 million on turnover of $225 million” according to Mr. Menon S.U.K., Vice-President (Finance & Business Planning), Tata Daewoo (Business Line, 2006). To conclude then, we find that the acquisition had strongly justifiable strategic and economic rationale, and the complementarity of the product lines of the two concerns have led to great potential synergies. The great performance exhibited by...
11 Pages(2750 words)Essay
International Economics
...-scale businesses from developed countries are able to purchase more homogenous products and highly competitive human resources at a much lesser price. By being able to offer homogenous products to its target consumers at a relatively low market price, large multinational companies will be able to compete with small-scale local businesses (Jain, 2003, pp. 1 – 2). Upon analyzing the world market today, globalization plays a crucial role in strengthening the dominance of capitalism within the global economic system which indirectly erodes the importance of local cultures and traditions by establishing a single business culture around the world (Kellner, 1998 & 1997)....
17 Pages(4250 words)Essay
International Business Economics
...can shift to member countries with cheap labor and workers may migrate to gain access to good employment opportunities. These sudden shifts can result in increased taxation of resources of member countries. Lastly with continuous discussions and agreements within the flat ground countries may feel that they are giving up more of their economic and political right just to promote a common understanding with less privileged countries (Zhang, 2012). References Zhang, W. B. (2011). Interregional Economic Growth with Transportation and Residential Distribution. The Annals of Regional Science, 46(1), 219-245. DOI: 10.1007/s00168-009-0328-1 Zhang, W. B. (2012) International Trade and Global...
1 Pages(250 words)Essay
International economics
...that has the capability of comparative advantage. Looking at the economies of many developed countries, there is existence of many skilled workers but that is not the case in countries that are experiencing the emergence of economy since they have low skilled workers. The economist argues that the real wage in the United States of America is covered in rising house prices. This will have the effect of making the families feel better. This means that the housing market will be responsible for the stumble of the economy while the pay remains to be feeble. Therefore, excluding the workers from the spoils of globalization will pose a great challenge to the orthodox of economics. According to Heckscher-Ohlin theory, a...
2 Pages(500 words)Assignment
International business in emerging economics
...produced by EST such as thin-film solar panels, polycrystalline solar panels and monocrystalline solar panels among others. Country Assessment (China) The 1978 reforms brought a revolution in China that helped steer its economic progress to the current state. Despite the high GDP of $ 9.24 trillion, approximately 98.99 million people lived below the poverty line as at the end of 2012. The high population makes China an ideal investment hub, this coupled with the availability of raw materials such as rare earth, and highly skilled labor makes China an outstanding manufacturing hub. In addition, the country has advanced its infrastructure; therefore, it has become easy to do business. Despite these...
8 Pages(2000 words)Assignment
International Business Economics
...International Business Economics Table of Contents Introduction 3 A Brief Understanding About The Issue (Economic Growth) 4 A Detailed Analysis of the Trends of Economic Growth in Developing and Developed Nations 7 Impact of Economic Growth 11 Reasons for Developing Economic Growth 14 15 Recommendations and Conclusion 17 References 20 Introduction Economic growth or development has become a major concern within the global arena, considering the interplay prevailing between nations to gain international power. Contextually, the success rate of any nation is judged by its...
16 Pages(4000 words)Essay
International Economics
...International Economics Introduction: The Association of Southeast Asian Nations (ASEAN) set up in 1967 is one of the regional trading agreements among Indonesia, Malaysia, the Philippines, Singapore, and Thailand and is still operating. Five new countries have joined this agreement namely Brunei Darussalam, Cambodia, Lao PDR, Myanmar and Vietnam. The two basic objectives for this agreement were to accelerate economic growth and to maintain peace and stability in this region. The diversity of the members of ASEAN is noticeable. Singapore is 80 times richer than Myanmar and attracts US$5000 FDI per capita while Myanmar receives only US$6 per capita. The location in heart of Asia has lead...
5 Pages(1250 words)Term Paper
International Business Economics
... International Business Economics Introduction Economic growth has always been a source of constant interest among economists as it is the core element of evolution of a country. Economists have come up with different sources that contribute to the growth of a nation and commonly synthesized elements in the literature include capital, labour and productivity growth. This paper focuses exclusively on the idea of total factor productivity and undertakes a critical evaluation of it as a determinant of economic growth. The origin of total factor productivity (TFP) could be traced to the work of Tinbergen (1942) who had defined TFP as a ratio between: This...
16 Pages(4000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Assignment on topic International Business and Economics for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us