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Quiz 2

by: Zhaoqi Guo
Zhaoqi Guo

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study guide
Class Notes
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Popular in Globalization

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This 4 page Class Notes was uploaded by Zhaoqi Guo on Tuesday February 23, 2016. The Class Notes belongs to BADM 1004 at George Washington University taught by Dr.Jesnsen in Spring 2016. Since its upload, it has received 33 views. For similar materials see Globalization in Business at George Washington University.


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Date Created: 02/23/16
Age of Globalization Review Sheet for Quiz 2 Overview of Quiz 1 The class performance in Quiz 1 was lower than expected although a number of students did score in the 18-20 range (out of 20 points). The median score across sections was 14, with no difference in performance across sections. Our policy is to curve final grades, but we do not curve individual exams. We expect that a number of students will drop Quiz 1 and take the optional final. After Quiz 2 we can give more feedback on what a curve would look like. Obviously we don’t know why some students performed better than others, but we did notice a few patterns in the quizzes.  Students scored better on the questions from lecture than from the readings.  Students that asked us clarifying questions about the material via email or attended office hours performed better than other students.  There were a couple of tricky questions that required a close reading of the question. A large number of students missed these questions. Suggestions for Quiz 2 We suggest the same general strategies for Quiz 2 as for Quiz 1. Do the readings and go over the lecture slides. Focus you studying on the study guide and if possible, study with friends. For Quiz 2 the TAs will hold a review session of the material after nd class on Monday, Feb 22 . The lecture will be from 12:45-2 and then we will take a short break. Then the TAs prepared a short review of the material and will answer questions. Globalization Study Guide for Quiz 2 This is a study guide that provides advice on how to study for the exam. This study guide covers everything we have covered in class up to Feb 22, 2016. In general, you are responsible for all of the content of the lectures, all of the linked videos or short readings in the syllabus, and all of the uploaded readings. Below we provides guidance on readings. We do not provide sample questions. The format will be the same as Quiz 1. Class: Feb 8 Lecture:  You are always responsible for the content of the lectures. Reading: The Hidden Risks in Emerging Markets  What is expropriation risk? (Page 2)  Why are legal contracts of limited effectiveness in minimizing policy risk?  Understand the three strategies from the “New Risk- Management Playbook” (pages 4-5)  What are the limits to Country Rankings? (page 6)  You do not need to know the details on the section on data, but you should make yourself familiar with the different types of data and how managers can use this data. Reading: When you shouldn’t go global  Know the three industries with particular globalization challenges.  What are the three questions that managers should ask before going global? (page 3-4)  What does it mean that globalization is a managerial fad? (page 4) Video: Plant Money Makes a T-Shirt  Which country is the top exporter of cotton? (Video chapter on Cotton)  Which country had a major factory collapse? (Video chapter on People)  What technology make transportation more efficient? (Video chapter on Boxes) Class Feb 10 Lecture:  There was no lecture this day. We discussed the Intel case as groups. You are responsible for the Intel case. More below. Reading: Intel Case  What are the 3Ts and Gold?  Know the name of the NGO that worked with Intel  How does the Dodd-Frank Act affect companies with conflict minerals in their supply chain?  As discussed in class, why was it so difficult for Intel to identify conflict minerals in their supply chain  How did Intel certify their supply chain was conflict mineral free? (page 6-7)  How did Intel engage other companies in their industry? (page 8)  What was the impact of this process on the company? (page 9) th No Class on Feb 15 Class Feb 17 th Section: In class we performed a number of simulations. You should remember the basic structure of the games. Also, understand that the first game was the prisoner’s dilemma (discussed earlier in the class). 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)  The costs of trading goods between the US and EU were at an all time low (tariffs of 3-5%). So what could be accomplished in this deal? (bullet points on page 5)  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?  Know what is “mutual recognition” in terms of regulations? (page 8)  How are GMO crops a major issue for trade? How do EU regulations different from US regulations? (Page 9)  Does the US have stronger or weaker banking regulations than the EU? (Page9-10) Who has stronger data privacy regulations? (page 10)  What is “Investor-State Dispute Settlement”? (page 11) We also talked about this during the lecture on multinational corporations. nd Class Feb 22 Lecture:  You are always responsible for the content of the lectures.  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?  What are Piketty’s proposed solutions to limit this inequality? 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?


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