Questions for Discussion
1. Look at the information on developing economies and competition discussed in the text. Where do you think the next generation of world-class competitors will come from? Why?
1) At the moment, the top competitive companies are located in developed nations and doing an extensive amount of business in developing nations. As those current developing nations move forward and become developed nations, it is likely that the next generation of internationally competitive businesses will come from those nations. Meanwhile, a new crop of developing nations will arrive on the scene, and these new competitors will make use of their abundant resources.
2. After listening/reading our media story for Lesson/chapter 1, you will know something about one of Tom T. Halls’ many, many songs. The song I have chosen for our first media story asks several interesting questions about our country’s relationship to people from Mexico, South and Latin America. More specifically, Mr. Halls’ song seems to be saying that the U.S. is no longer very interested in immigrants entering our country. In Chapter 1, however, our text describes ‘falling barriers to trade and investment’ created with ‘free trade’ agreements and multinational corporations (NNC). Which is it . . . open borders or closed borders?
2) Although it is an interesting dichotomy, it seems clear the many who live along the border between the US and Mexico are only interested in profiting from trade rather than a mutually beneficial arrangement. In other words, sending jobs outside the US to save on production costs results in cheaper goods in the US. On the other hand, importing cheaper labor results in cheaper services in the US. Obviously, there is at least some group of Americans that enjoys the fruits of free trade in terms of cheaper goods, but is unwilling to the consequences of a bidirectional flow of goods and labor.
3. Write a short description about yourself focusing on the following: your career objectives, work experience, academic background, and any international experience (i.e. travel, military or work experience, study abroad, etc.) you have acquired. Please be sure and bring attention to any international experience or interest as you develop your answer.
3) My name is Scott Hebert and international business affects my work life everyday. I manage a small team of system administrators here in the US for an Australian company based in Sydney. During my tenure, I have also worked out of the Sydney office for a month. My company has seen tremendous customer service advantages from having workers distributed throughout the world (we also have a team in Europe). This distribution has allowed us to provide around the clock support by teams of highly trained professionals who are working during their usual work hours rather than the middle of the night.
Wild, J. & Wild, K. (2013). International Business: The Challenges of Globalization. (7th ed.). Upper Saddle River, NJ: Pearson.