
Understand how globalization expands local economies into a global marketplace, fueled by the Internet and mobile technology, enabling firms to compete across borders and reach developing nations.
explains how cross-border transactions of goods, services, capital, and people create profits and foreign exchange, while leveraging global resources and modern management techniques to boost efficiency and competitiveness.
Explore how globalization expands markets, analyzes international trade and finance, and explains gains from division of labor and comparative advantage, plus policy debates on tariffs and protectionism.
Explore comparative and absolute advantages, opportunity costs, and gains from trade, then examine competitive, cost, and differentiation advantages with the two-country, two-goods example of Italy and China.
Compare comparative and absolute advantage, illustrated by a doctor who maximizes output through specialization; explain why nations trade via exports and imports.
Explore strategies for entering and developing international markets, weighing the risk and control trade-off across entry modes from low-risk exports to more involved approaches.
Explore foreign direct investment (FDI) as a long term, controlled link between resident and foreign entities, including equity capital, reinvested earnings, intercompany loans, and government use of incentives.
Learn how foreign exchange markets price currencies, including direct and indirect quotations, base and counter currencies, spot and forward rates, and the impact of appreciation and depreciation on international trade.
Explore how flexible, fixed, and managed exchange rate policies shape currency values, with central bank actions and money supply driving demand and affecting aggregate demand.
Explore purchasing power parity as a tool to gauge currency equilibrium and price equality across countries, and contrast PPP with market rates for practical data aggregation.
Analyze capital markets, from primary markets and secondary markets for equity and debt issuance to underwriting and syndicated loans, and explore IMF roles in international monetary cooperation and trade growth.
Explore how the World Bank Group, through the IBRD, fights poverty with loans, advice, and training for 189 member nations.
Explore how the BGI eliminates poverty through loans, policy advice, and technical assistance. Analyze debt relief for heavily indebted poor countries and governance tensions in the World Bank and WTO.
Explore how the OECD serves as a forum for 30 countries to discuss issues, share experiences, and promote policies that improve economic and social well-being worldwide, with agreements legally binding.
Emerging markets are economies progressing toward advanced status, with liquidity, local debt and equity markets, and regulatory bodies. It also notes ASEAN as the largest regional emerging market.
Discover how APEC advances trade and investment in the Asia-Pacific through three pillars: trade and investment liberalisation, business facilitation, and economic and technical cooperation, via consensus among 21 member economies.
Explore international strategy where subsidiaries act independently under a single global framework, balancing global efficiency with local adaptation to pursue growth amid globalization.
Learn how free trade zones reduce tariffs and bureaucratic barriers to boost global trade, attracting foreign investment, with terms like foreign trade zones, export processing zones, and their country-specific regulations.
Explore how multinational enterprises structure production and distribution across borders, including series and parallel production. Examine how exchange rates, political stability, and unions shape subsidiary strategies and market power.
Examine functional, geographic, international division, and matrix structures that coordinate foreign markets while balancing home office control with local autonomy.
Analyze how international marketing directs goods and services across borders, adapting the marketing mix to uncertain foreign environments. Balance price, product, promotion, and channels to thrive.
Explore the five phases of international marketing involvement, from no direct foreign marketing to full commitment, including infrequent and regular foreign marketing as firms grow to depend on foreign profits.
Master global marketing by standardizing programs to coordinate products, promotions, price, and channels across borders while balancing country or region customization with common strategic factors.
Demographic trends reshape international trade by altering comparative advantage and import demand, with Asia's aging population and declining birth rates driving shifts in trade patterns.
Examine how ageing and population dynamics influence comparative advantage and trade, via capital-labor ratios, autarchy prices, and OHLIN trade, with life cycle consumption and savings shaping demand.
Explore how rising educated workers and increased female labor participation reshape comparative advantage and trade patterns, supported by rising education levels across developing and developed countries.
Explore anti-dumping as an unfair practice, how the U.S. and International Trade Commission assess claims, and the role of non-market economies like China in shaping policy debates.
Explore transfer pricing within multinational groups, distinguishing controlled intra-group transactions from arm's-length dealings, and understand IFRS origins and the rise of intra-group cross-border pricing.
Analyze how transfer prices shape tax bases in cross-border transactions, covering jurisdiction, allocation, and valuation, and compare OECD and UN model conventions.
Understand global transfer pricing regimes shaped by UN and OECD conventions, OECD guidelines, and USA legislation, alongside general anti-avoidance rules for cross-border human resource management.
Master cross-border HR policy by focusing on implementation across jurisdictions, addressing six legal issues, translation, consultation, distribution, and alignment with local policies.
Explore terms of trade, calculated as exports over imports times 100. Learn how a rise above 100 signals improvement while falls below 100 imply deterioration, with price changes shaping interpretations.
Explore incoterms and how responsibilities, costs, and risk transfer between seller and buyer in international shipping, including FOB, CFR, DDP, EXW, and letters of credit.
Freight forwarders coordinate safe, efficient, and cost-effective international shipments for importers and exporters, handling commercial invoices, export declarations, and bills of lading in a paperless environment.
The freight forwarder prioritizes shipments, ensures proper documentation, and arranges cross-border transport by sea, air, or rail, while advising on country requirements and handling key logistics.
Explore transfer pricing and tax considerations for international trading companies, emphasizing commercial reality, robust documentation, upfront planning, and OECD-aligned related party pricing.
International trading companies must assess when title transfer creates taxable presence, manage contract structures to optimize VAT, royalties, and interest withholdings, and interpret beneficial owner under OECD treaty concepts.
Examine accounting and tax implications of moving value across jurisdictions, including vat or gst effects, indirect tax risks, triangulation practices, and refunds.
Develop a global VAT and GST strategy with centralized teams and local advice to vet transactions, using a technology-based platform to automate and standardize compliance, billing, and customs risk.
Analyze EU ad valorem and transaction value for customs clearance, including commissions and inland haulage, and explore authorised economic operator programs to optimize VAT and GST.
COURSE OVERVIEW:
This course has been designed to introduce a variety of aspects of international business. Globalisation and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies. This course intends to bring these new ways of doing business and new questions in the minds of international business leaders to discussion and provide some probable answers to these questions. The main objective of this course is to prepare users, learners and managers to deal with forces affecting international businesses and to expand successfully in many international markets.
LEARNING OUTCOMES:
Upon the completion of this course, users will be able to:
Understand and evaluate the role of economic analysis within international business contexts and appreciate the economic underpinnings of business strategy in international settings.
Analyse and synthesize various models of competitive analysis to assess strategic behaviour in international business.
Analyse and evaluate the complex competitive scenarios at both the firm and industry level to international business.
Apply theoretical and practical knowledge of competitive strategies in the context of globalisation, particularly major entry and exit strategies of international business.
Critically evaluate information from a wide range of sources to demonstrate research skills, and demonstrate the capacity to document the outcomes in international economics and business strategies with sound analysis and recommendations.