New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

BADM 1004 Quiz 2 Study Guide

by: Gwendolyn Cochran

BADM 1004 Quiz 2 Study Guide Badm 1004

Gwendolyn Cochran

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

This is a detailed study guide of all of the readings and the videos assigned by out professor. The are organized by when they were assigned and by the day of class they were supposed to be read by...
Age of Globlization
Liesl Riddle
Study Guide
International Business
50 ?




Popular in Age of Globlization

Popular in Business Administration

This 8 page Study Guide was uploaded by Gwendolyn Cochran on Monday February 22, 2016. The Study Guide belongs to Badm 1004 at George Washington University taught by Liesl Riddle in Winter 2016. Since its upload, it has received 380 views. For similar materials see Age of Globlization in Business Administration at George Washington University.

Popular in Business Administration


Reviews for BADM 1004 Quiz 2 Study Guide


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 02/22/16
Globalization Study Guide for Quiz 2 Class: Feb 8 Lecture February 8:   See my Weekly Lecture Notes for detailed notes on each  class  Reading: The Hidden Risks in Emerging Markets  What is expropriation risk?    The possibility that host governments will seize  foreign­owned assets  Why are legal contracts of limited effectiveness in minimizing policy risk?  Legal contracts are only useful if they are enforced,  and shifting laws and regulations can render them  void.   Even when they are enforced, inventive politicians can  circumvent them though a wide variety of means other  than just changing laws.   Understand the three strategies from the “New Risk­ Management Playbook” (pages 4­5)  Investing in goodwill­ improving the efficiency gains  from exploiting new technology when moving into less  developed markets  Finding political pressure points­the network of  relationships in society greatly influences policy  outcomes, especially in countries with weak legal  systems.   Framing the debate­ presenting a venture as “fair” or  “equitable”  What are the limits to Country Rankings? (page 6)  Although these risk rankings provide valuable  conventional input, they can require more time and  money than such small, subjective, potentially biased  snapshots might merit.  Reading:  When you shouldn’t go global  Know the three industries with particular globalization  challenges.  Deregulated industries­ they go global to use their  existing competencies in new markets to achieve cross  boarder economics  Service Industries­ they go global to generate growth  beyond home markets   Manufacturing industries­ they go global to gain more  consumers  What are the three questions that managers should ask before  going global? (page 3­4)  Could the strategy generate substantial benefits for the  firm?  Do we have the capabilities needed to achieve those  benefits?  Will the benefits outweigh the costs?  What does it mean that globalization is a managerial fad? (page 4)  That taking a venture global is simply a business trend we are seeing emerge due to the increased capability for  global communications. It is an opportunity but won’t  necessarily give a business competitive advantage.  Video: Plant Money Makes a T­Shirt  Which country is the top exporter of cotton? (Video chapter on  Cotton)  USA  Which country had a major factory collapse? (Video chapter on  People)  Bangladesh   What technology make transportation more efficient? (Video  chapter on Boxes)  Large containers, that go on transport ships allowing  global transportation to be easily achieved Reading: Intel Case  What are the 3Ts and Gold?  Four minerals: Tantalum, tin, tungsten, and Gold   Know the name of the NGO that worked with Intel  The Enough Project   How does the Dodd­Frank Act affect companies with conflict  minerals in their supply chain?  It requires companies to disclose whether or not they  have conflict free businesses  As discussed in class, why was it so difficult for Intel to identify  conflict minerals in their supply chain  There are so many opportunities for corruption in the  supply chain and that they are sometimes unaware of  where the process of mineral acquisition begins  How did Intel certify their supply chain was conflict mineral  free? (page 6­7)  Intel would track minerals down to the original smelter,  build trust, and enforced policies that stated intel would no longer due business if conflict arose or continued  How did Intel engage other companies in their industry? (page  8)  They went public with the information, causing public  awareness and pressure on companies not attempting to  rid conflict minerals from their supply chain.    What was the impact of this process on the company? (page 9)  They had to pay for the process, risk losing credibility if  their efforts are unsuccessful but also gain positive public  image.  Reading:  Setting the Standard for Free Trade  Know the that main negotiations on the TTIP were between the  US and European Union and that this was an initiative of  President Obama.  What are the criticisms of the lack of transparency in the  negotiations between the EU and US?  Why were developing  countries worried about this agreement? (Page 3)  Critics of the TTIP complained about the lack of  transparency in the negotiation process, particularly when a sweeping transatlantic deal would have far reaching  implications the USA, EU, and the rest of the world.   Developing countries were worried about the TTIP raising entry barriers for developing countries, making it more  difficult for them to reach western consumers.   The costs of trading goods between the US and EU were at an  all time low (tariffs of 3­5%).  So what could be accomplished in  this deal? (bullet points on page 5)  Increasing market access to products and services,  including opening up government procurement practices,  especially those of some US states  Streamlining standards and regulations across a range of  industries such as automobile, pharmaceuticals, and  financial derivatives  Incorporating elements relevant to trade in the twenty­first century, like intellectual property, labor regulations,  environmental rules, foreign direct investment, and the  treatment of state owned enterprises.   One of the more important sections is on “Market Assess”  starting on page 6. What does the US and EU want in terms of  Film and Government Procurement?  The EU wanted audiovisual services to remain out of the  European Commissions negotiating mandate, because of  the USA’s strength in this field   Know what is “mutual recognition” in terms of regulations?  (page 8)  Mutual recognition ensured that when a product met the  standard in one European countries it could be sold in all  other European countries  How are GMO crops a major issue for trade?  How do EU  regulations different from US regulations? (Page 9)  Counties in the EU are for organic produce and extremely regulatory of GMO use  Does the US have stronger or weaker banking regulations than  the EU? (Page9­10) Who has stronger data privacy  regulations? (page 10)  While both nations wanted to work for establishing a  common transatlantic framework for finical regulations,  the USA believed that significant barriers would weaken  finical reforms.  For the EU privacy is considered a fundamental right  whereas the US it is deemed a consumer right and is  lightly regulated.   What is “Investor­State Dispute Settlement”? (page 11)  We  also talked about this during the lecture on multinational  corporations.  ISDS is an instrument of public international law, that  grants an investor the right to use dispute  settlement proceedings against a foreign government. nd Class Feb 22 Lecture:  See my week 2 and 3 notes for the lectures in detail   You should view Hans Rosling’s TED Talk.   Reading: Thomas Piketty's Capital: everything you need to know  about the surprise bestseller  Understand the main point is that: “Piketty's argument is that, in an economy where the rate of return on capital outstrips the  rate of growth, inherited wealth will always grow faster than  earned wealth.”  And this is what leads to greater inequality  What is the “Kuznets Curve"?  How does Piketty’s work find  that opposite of this curve?  Simon Kuznets, the Belarussian émigré who became a  major figure in American economics, used the available  data to show that, while societies become more unequal  in the first stages of industrialization, inequality subsides  as they achieve maturity. This "Kuznets Curve" had been  accepted by most parts of the economics profession until  Piketty and his collaborators produced the evidence that it is false.  The curve goes in exactly the opposite direction:  capitalism started out unequal, flattened inequality for  much of the 20th century, but is now headed back  towards Dickensian levels of inequality worldwide.  What are Piketty’s proposed solutions to limit this inequality?  Piketty calls for a "confiscatory" global tax on inherited  wealth makes other supposedly radical economists look  positively house­trained. He calls for an 80% tax on  incomes above $500,000 a year in the US, assuring his  readers there would be neither a flight of top execs to  Canada nor a slowdown in growth, since the outcome  would simply be to suppress such incomes. Reading:  Why globalization may not reduce inequality in poor  countries  Understand that there is rising inequality in poor countries,  which is contrary to what we discussed on comparative  advantage.   How are multinational corporations contributing to this increase  in inequality?  Rich countries shift parts of the production process to  poor countries. Contrary to popular belief, multinationals  in poor countries often employ skilled workers and pay  high wages. What is more, those skilled workers often get to work with managers from rich countries, or might have  to meet the deadlines of an efficient rich­world company.  That may boost their productivity. Higher productivity  means they can demand even higher wages. By contrast, unskilled workers, or poor ones in rural areas, tend not to  have such opportunities. Their productivity does not rise.  For these reasons globalization can boost the wages of  skilled workers, while crimping those of the unskilled. The  result is that inequality rises.


Buy Material

Are you sure you want to buy this material for

50 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Anthony Lee UC Santa Barbara

"I bought an awesome study guide, which helped me get an A in my Math 34B class this quarter!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.