International Business Context

Go to Course: https://www.coursera.org/learn/international-business-context

Introduction

### Course Review: International Business Context on Coursera #### Overview The **International Business Context** course on Coursera offers an insightful examination of the multifaceted environments in which international business operates. It spans historical perspectives, contemporary practices, and the effects of globalization, providing learners with a robust understanding of how various factors shape the international business landscape. The course seeks to equip students with the theoretical foundations and practical implications needed to navigate the complexities of global trade, political dynamics, and ethical challenges. #### Course Structure & Syllabus The course is structured into five comprehensive modules, each diving into critical aspects that define international business today: 1. **International Trade** - This introductory module provides a brief yet thorough overview of global trade history and its evolution. It discusses the rapid growth of international trade, breaking down contemporary trade theories and the motives behind companies engaging in global business. Key examples, including discussions on historical trade routes and multinational corporations' strategies, make this segment highly engaging and relevant. 2. **Globalization** - In the second module, learners will explore the concept of globalization, its successes, and an analysis of its challenges. This segment culminates in a case study of an emerging technology poised to accelerate globalization further. The module's critical view of globalization and its implications for international business is particularly thought-provoking. 3. **International Political, Legal, and Economic Environments** - This module emphasizes the various political and legal frameworks that international businesses must navigate. Understanding these systems is crucial, as they can significantly impact business outcomes. The course also tackles the complex subjects of ethics, corporate social responsibility (CSR), and corruption, urging students to think critically about moral decision-making in international contexts. 4. **International Trade Law** - Students will study the laws that govern international trade, including the barriers countries erect to protect their economies and the agreements they form to foster trade. A significant focus is placed on national trade laws, import/export restrictions, and intellectual property rights. Given the prevalence of high-tech products in international markets, this module provides essential knowledge for anyone looking to engage in global commerce. 5. **Context of International Business** - The final module ties together the various themes explored throughout the course, offering a holistic view of the context in which international business exists. This integrative approach ensures that students leave with a well-rounded understanding of the subject matter. #### Recommendations **Who Should Take This Course?** The **International Business Context** course is highly recommended for students, business professionals, and entrepreneurs interested in global commerce. It caters to those new to international business, as well as seasoned professionals looking to refine their knowledge of the ever-evolving geopolitical and economic landscapes. **Key Takeaways** - Enhanced understanding of international trade theory and the complexities of globalization. - Insight into navigating the political, legal, and ethical challenges encountered by international businesses. - Practical knowledge regarding international trade law, import/export regulations, and IP rights. **Final Thoughts** The **International Business Context** course on Coursera is an invaluable resource for anyone aiming to thrive in the global business arena. Its comprehensive syllabus, combined with real-world case studies, equips learners with the essential skills needed to make informed decisions in international markets. Enrolling in this course will not only broaden your knowledge but also sharpen your analytical skills, preparing you for the multifaceted world of international business. Whether you’re aspiring to become a global business leader or simply looking to understand the intricacies of international trade, this course is a stepping stone towards attaining your goals.

Syllabus

International Trade

In this first module, we take a quick survey of the long history of global trade and then review reasons why international trade has grown so rapidly in recent decades. Next, we review the historical evolution of trade theory and review contemporary trade theories. We argue that International Business is the implementation of International, discuss the motives for engaging in international business, and present the methods that businesses employ to operate globally. Along the way we look at a huge ongoing effort to recreate an ancient trading route; we delve into history to investigate a failed theory of trade that has repercussions to this day; and will explore why one of the world’s largest companies has often failed with its global expansion efforts. So, fasten your seatbelts – we’re taking off!

A hallmark of recent decades has been the very rapid growth of international trade. This week we will define globalization, survey some of its successes, and will review its challenges and criticisms. We will conclude with a case study of an emerging technology that may well greatly accelerate the rapid pace of globalization!

This module examines the varied environments in which international businesses must operate and succeed. We first examine the underpinning of international political and legal systems. Next, we examine the underpinning of international political and legal systems. International managers must understand how these systems work and their implications for conducting international business. Finally, we tackle the challenging topics of international business ethics, corporate social responsibility (CSR), and corruption. These topics are challenging because there are no bright guidelines for defining right from wrong, good from bad, or honest from corrupt in international business. Nonetheless, international managers must frequently make difficult ethical and moral decisions, even without clear guide lines. It is imperative that managers understand these topics and their implications for conducting international operations. If managers do not understand the fundamental rules of a country in which they operate, they won’t be successful there!

With this module we examine the many ways that nations build barriers to impede trade to protect their domestic industries and jobs. Then, ironically, we study the many foreign trade agreements and organizations that nations create to reduce and sometimes eliminate those same barriers. We then summarize various national trade laws, such as import and export restrictions imposed by individual countries. Next, we examine Free Trade Zones that countries establish to reduce trade barriers and promote cross-border transactions. Finally, we will focus on national intellectual property laws such as patents, copyrights, and trademarks which has become critically important as much international trade now includes an abundance of high-tech and entertainment products with valuable embedded IP.