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Global Business Today

Charles W. L. Hill Dr, G. Tomas M. Hult

Chapter 1

Globalization - all with Video Answers

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Chapter Questions

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Problem 1

Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international businesses based in Great Britain? North America? Hong Kong?

Rashmi Sinha
Rashmi Sinha
Numerade Educator
01:17

Problem 2

“The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement.

Daniel Cisneros
Daniel Cisneros
Numerade Educator
04:56

Problem 3

How have changes in technology contributed to the globalization of markets and production? Would the globalization of production and markets have been possible without these technological changes?

Sanchit Jain
Sanchit Jain
Numerade Educator

Problem 4

“Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business.” Evaluate this statement.

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04:56

Problem 5

How does the Internet affect international business activity and the globalization of the world economy?

Sanchit Jain
Sanchit Jain
Numerade Educator
02:02

Problem 6

If current trends continue, China may be the world’s largest economy by 2030. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system, (c) the business strategy of today’s European and U.S.-based global corporations, and (d) global commodity prices.

Jin-Hwan Ro
Jin-Hwan Ro
Numerade Educator
01:51

Problem 7

Reread the Management Focus on Boeing and answer the following questions:
a. What are the benefits to Boeing of outsourcing manufacturing of components of the Boeing 787 to firms based in other countries?
b. What are the potential costs and risks to Boeing of outsourcing?
c. In addition to foreign subcontractors and Boeing, who else benefits from Boeing’s decision to outsource component part manufacturing assembly to other nations? Who are the potential losers?
d. If Boeing’s management decided to keep all production in America, what do you think the effect would be on the company, its employees, and the communities that depend on it?
e. On balance, do you think that the kind of outsourcing undertaken by Boeing is a good thing or a bad thing for the American economy? Explain your reasoning.

Heather Duong
Heather Duong
Numerade Educator