Premium Essay

International Business Chapter 1

In: Business and Management

Submitted By cctaff16
Words 348
Pages 2
a. What are the facilitating developments that have allowed health care to start globalizing?
The facilitating developments that have allowed healthcare to start globalizing were that healthcare and insurance have become more and more expensive in the U.S. There have been opportunities for education in the medical field for people in different countries. In the grand scheme of things, travel is fairly inexpensive and quite fast.

b. Who benefits from the globalization of health care?
Those that benefit from the globalization of healthcare are the uninsured and the underinsured because this aids them in avoiding the high costs that can happen where medical bills are concerned. Insurance companies also benefit because they don’t need to pay big money for domestic procedures. The different countries probably benefit the most from having highly educated people and the profits they are making traveling tourists that travel solely for medical reasons.

c. Who are the losers in the globalization of health care?
The clear losers where globalization of healthcare is concerned is the hospitals and the U.S doctors that would perform those procedures at the domestic facilities. There is a clear loss in the profits that they would have received for those procedures.

d. Are there any risks associated with the globalization of health care?
The main risk is more of an uncertainty, which is concerning the level of care provided. Even though the procedures that are being performed are not being on in some “Mom and Pop” place, some patients might still be a little apprehensive because of the possible communication barrier that could occur between the doctor and their patient.

e. Can these risks be mitigated? How?
I feel that these risks can be mitigated by bridging the gap in the possible communication barrier. That can be done by having an interpreter if the

Similar Documents

Premium Essay

Globlization

...UNIT -1 GLOBALIZATION AND INTERNATIONAL BUSINESS Chapter 1: Globalization and International Business Prof. Madan Survase Globalization & International Business Learning Objectives    To explain the concept of globalization To elucidate factors influencing globalization To discuss global business expansion strategy for emerging market companies To explicate the concept of international business To delineate motives for international business expansion To expound the strategy for managing business in the    globalization era Globalization & International Business Chapter 1: Globalization and International Business Prof. Madan Survase Globalization of Business: A Historical Perspective In the initial years of human history, there were hardly any formal barriers, such as tariffs or non-tariff restrictions, for the movement of goods or visa requirements for the people. The concept of globalization can be traced back to the phenomenon of a nation-state. Globalization & International Business Chapter 1: Globalization and International Business Prof. Madan Survase Concept of Globalization The process of integration and convergence of economic, financial, cultural and political systems across the world. Globalization & International Business Chapter 1: Globalization and International Business Prof. Madan Survase Definition of Globalization Dictionary of Trade Policy Terms, WTO: “The increasing integration of national...

Words: 915 - Pages: 4

Premium Essay

Course

...Manual International Business Term-II (First Year) Batch-VIII (2014-2016) Instructor: Prof.N.S.Uppal Prof. (Dr) Sudhir Naib) Director 2 Year Full Time PGDM Programme Title of the course: International Business (Elective Course) Term: II (First Year) Instructor: Prof. N.S.Uppal Instructors e-mail: nsuppal@bulmim.ac.in 1. Introduction This course gives an overview of the concept of all those business activities that involve cross border transactions of goods, services and resources between two or more nations. This is an essential component in learning and understanding international trading principles and concepts. 2. Learning Outcomes: The objective of this course is to enable students to: 1. Understand nature ,scope and structure of international business 2. Understand impact of environmental factors on international business operations 3. Learn role of international economic institutions and global and regional trade agreements 4. Know about role of foreign trade in Indian Economy. 3. Module Overview The course will be covered in 20 sessions, including Mid Term exam after 10th session and each session is of 1 hour and 30 minutes. 4. Book (Text Book): Joshi, Rakesh Mohan, International Business, Oxford...

Words: 1206 - Pages: 5

Premium Essay

International Business Syllabus

...Syllabus International Business 1 (IB-1) 2012-2013 1-IBMS 1. INTRODUCTION This International Business (IB-1) course is designed to provide students with a basic understanding of the international business environment. In order to be successful, IBMS Students need to familiarize themselves with the basic concepts and definitions of today’s competitive business world. Students must become aware of the major actors and forces that help shape the international business context. The course covers a variety of topics, which include the theoretical foundations of global trade and investment, the political environment, foreign direct investment and market entry, international business strategy and operations. The course is structured around lectures and workshops. Students are expected to attend all lectures and workshops. In the lectures, students will learn about the field of international business. In the workshops, students are expected to present and discuss international business cases. These business cases provide helpful examples and insights towards an understanding of the International Business theory taught in lecture classes. Students are encouraged to contribute to meaningful discussions, develop the ability to defend their position and apply knowledge to “real life” situations based on the cases presented in class. Attendance IB-1 is not a spectator sport. Attendance and contribution accounts for 10%...

Words: 835 - Pages: 4

Premium Essay

International Business

...LL.M INTERNATIONAL BUSINESS TRANSACTIONS LAW 5901 Kazakhstan Institute of Management, Economics, and Strategic Research School of Law REQUIRED TEXT: International Business and Trade [4th ed.] Ricky W. Griffen, Michael W. Pustay COURSE MATERIALS: http://www.eilfe.com/online-courses/kimep.html International Business Transactions REQUIRED TEXT: International Business and Trade [4th ed.] Ricky W. Griffen, Michael W. Pustay COURSE MATERIALS: http://www.eilfe.com/online-courses/kimep.html International Business Transactions KIMEP SUMMER I 2010 COURSE NUMBER: LAW5901 COURSE NAME: INTERNATIONAL BUSINESS TRANSACTIONS CLASS TIME: MTWTHF 20:15 – 21:45, HALL, NEW BUILDING FINAL EXAM: WEEK SIX; Time and date TBA KIMEP SUMMER I 2010 COURSE NUMBER: LAW5901 COURSE NAME: INTERNATIONAL BUSINESS TRANSACTIONS CLASS TIME: MTWTHF 20:15 – 21:45, HALL, NEW BUILDING FINAL EXAM: WEEK SIX; Time and date TBA Instructor: Prof. Dr. John JA Burke BA, JD, Ph.D. E-Mail: jburke@kimep.kz Office: 119, New Building Hours: Appointment Only Instructor: Prof. Dr. John JA Burke BA, JD, Ph.D. E-Mail: jburke@kimep.kz Office: 119, New Building Hours: Appointment Only INTRODUCTION AND OVERVIEW Joseph E. Stiglizt, the winner of the 2001 Nobel Prize in Economics, states, “We have a process of “globalisation” analogous to the earlier processes in which national...

Words: 2119 - Pages: 9

Premium Essay

International Business Syllabus

...Master of Business Administration Faculty of Economics and Administration King Abdul Aziz University International Business Syllabus Instructor: Dr. Hisham J. Bardesi Office Hours: 11-12 (S, M, W) Contact Information: hbardesi@kau.edu. Course Prerequisites: See Program’s Study Plan Course Title: International Business (BUSE 608) Text Book: Hill, Charles W. International Business. McGraw-Hill. 9th Edition. Course Description: The basic content of the course includes (1) an overview of the means of conducting international business, with an emphasis on what makes international different from domestic; (2) the effects of the social systems within countries on the conduct of international business; (3) the major theories explaining international business transactions and the institutions influencing those activities; (4) the financial exchange systems and institutions that measure and facilitate international transactions; (5) the dynamic interface between countries and companies attempting to conduct foreign business activities; (6) corporate strategy alternatives for global operations; and (7) international activities that fall largely within functional disciplines. Course Objectives: Understand the different challenges business face when they operate in an international environment; 2. Examine the various cultural, political and legal issues that impact international business activity; 3. Examine the international institutions and practices that impact international business;...

Words: 1088 - Pages: 5

Premium Essay

History

... COURSE OUTLINE ATW395 (ATP393) – INTERNATIONAL BUSINESS (PERNIAGAAN ANTARABANGSA) Lecturer: Dr. Shankar Chelliah, DBA Senior Lecturer School of Management Universiti Sains Malaysia Room/Tel: Building L10, Room L02, 04-653 3888, ext 5282 E-mail: shankar@usm.my COURSE SYNOPSIS The course aims to introduce the core body of knowledge in international business. There are new realities in international business where students will be exposed to, these include: global sourcing, the impact of technological advances on globalization, globalization of finance, emerging markets, corporate social responsibility and the success of the smaller firm in international markets. COURSE OBJECTIVES 1. To enable students to understand the impact of globalisation and the key issues facing international businesses 2. To explain the environment in international business such as culture, politics and law, and the economic system and development 3. To explain the conceptual foundation on international trade and investment 4. To highlight international markets and institutions, including the discussion of international financial management and market entry 5. To enable students to understand the management of international operations LEARNING OUTCOMES 1. Identify the contemporary changes in the international area. 2. Discuss the implications of the different types of culture...

Words: 1055 - Pages: 5

Premium Essay

Economic Growth

...Bangalore University Bachelor of Business Management (New Scheme) SEMESTER SCHEME OF EXAMINATION UNDER SEMESTER : BBM COURSE SEM NO. PAPER NO. 1.1 TITLE OF THE PAPER LECTURE HOURS 04 MARKS UE 90 RM 10 TOTAL MARKS 100 I 1.2 1.3 1.4 1.5 1.6 2.1 II 2.2 2.3 2.4 2.5 2.6 3.1 3.2 3.3 3.4 3.5 3.6 3.7 4.1 4.2 4.3 4.4 4.5 4.6 4.7 5.1 5.2 5.3 5.4 5.5 5.6 III IV V LANGUAGE: KANNADA/SANSKRIT/URDU/TAMIL/ TELUGU/ADDITIONAL ENGLISH/ MARATHI/HINDI ENGLISH BUSINESS ECONOMICS FUNDAMENTALS OF ACCOUNTING BUSINESS MANAGEMENT BUSINESS MATHEMATICS TOTAL LANGUAGE: KANNADA/SANSKRIT/URDU/TAMIL/ TELUGU/ADDITIONAL ENGLISH/ MARATHI/HINDI ENGLISH BUSINESS STATISTICS FINANCIAL ACCOUNTING ORGANISATIONAL BEHAVIOUR BUSINESS ENVIRONMENT TOTAL BUSINESS COMMUNICATION HUMAN RESOURCE MANAGEMENT MARKETING MANAGEMENT CORPORATE ACCOUNTING SERVICES MANAGEMENT INTERNATIONAL BUSINESS INDIAN CONSTITUTION TOTAL BUSINESS RESEARCH METHODS BUSINESS LAW COST ACCOUNTING FINANCIAL MANAGEMENT PRODUCTION & OPERATIONS MANAGEMENT LAW AND PRACTICE OF BANKING COMPUTER FUNDAMENTALS TOTAL INCOME TAX STRATEGIC MANAGEMENT MANAGEMENT ACCOUNTING COMPUTER APPLICATION IN BUSINESS PROJECT MANAGEMENT ENTREPRENEURIAL DEVELOPMENT TOTAL 04 04 04 04 04 24 04 90 90 90 90 90 540 90 10 10 10 10 10 60 10 100 100 100 100 100 600 100 04 04 04 04 04 24 04 04 04 04 04 04 04 28 04 04 04 04 04 04 04 28 04 04 04 04 04 04 24 90 90 90 90 90 540 90 90 90 90 90 90 90 630 90 90 90 90 90 90 90 630 90 90 90 90 90 90 540 10...

Words: 19726 - Pages: 79

Free Essay

Syllabus

...FIN 535 – International Finance COURSE DESCRIPTION Presents international financial tools, applications, and concepts used in formulating effective financial management strategies. Examines fundamental international financial relationships and transactions among firms, foreign exchange rate determination and forecasting, foreign exchange risk and exposure, balance of payment accounting, and evolution of the international monetary system. Analyzes special topics such as working capital management strategies, capital budgeting, cost of capital, and optimal capital structure in the context of international operations. INSTRUCTIONAL MATERIALS Required Resources Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Supplemental Resources Al Nasser, O.M. (2010). How does foreign direct investment affect economic growth? The role of local conditions. Latin American Business Review 11, 111-139. Kornecki, L. & E. M. Ekanayake. (2011). Inward FDI stock in the U.S. economy and state based determinants. Advances in Management, 4(6), 13-24. Ranjan, V. & Agrawal, G. (2011). FDI inflow determinants in BRIC countries: A panel data analysis. International Business Research, 4(4), 255-263. United Nations. (2011). Foreign Direct Investments in LDCs: Lessons learned from the decade 20012010 and the way forward. United National Conference on Trade and Development. COURSE LEARNING OUTCOMES 1. Compare multinational financial management...

Words: 4298 - Pages: 18

Free Essay

Anything

...[pic] School of Management Semester 1, Academic Session 2015/2016 Bachelor of Management COURSE OUTLINE ATW 395/3 – International Business Lecturer: Dr.Shankar Chelliah (DBA) Day/Time/Venue: Monday/9.00-10.50am/DK S email: shankarchelliah1@gmail.com Tel: 04 653 3426/012-4618731 Office: Level 2, Room 216, School of Management COURSE SYNOPSIS The course aims to introduce the core knowledge of international business as a core subject in the bachelor program. The students will be exposed to globalization, international business theories, government intervention in international business, emerging market, foreign market entry strategies and the existence of regional economic integration that affect international business. COURSE OBJECTIVES The objectives of the course are: 1. To enable students to understand the impact of globalisation and the key issues facing international businesses 2. To explain the environment in international business such as politics and law, emerging market and the regional economic integration 3. To make students appreciate the existence and use of fundamental international business theories and its evolution 4. To enable students to understand the various entry modes available to capture international market LEARNING OUTCOMES At the end of the course, students will be able to: 1. Acquire the pre-requisite knowledge of venturing a business at international level and describe the key concepts that driving globalization...

Words: 1855 - Pages: 8

Premium Essay

Miss

...University of Science &Technology Faculty of Business and Economics Department of Finance Course Syllabus (FIN 460) - International Finance – M.W. Fall 2014-2015 Course Description The subject matter of international finance is concerned with the monetary and macro-economic relations between countries. International finance is a constantly evolving subject that deals very much with real world issues such as balance of payments problems and policy, the causes of exchange-rate movements and the implications of macro-economic linkages between countries. Credit : 3 hours Prerequisites By course :Fin 350- Financial Markets & Institutions Eco 202- Macroeconomics Textbook : Fundamentals of Multinational Finance, 4th edition, 2012. Moffet/Stonehill/Eitman, Pearson, Prentice Hall. Supportive text : International Financial Management, Bekaert,Hodrick International Money and Finance: 7th edition by Michael Melvin Instructor : George El Kazzi, MMB Office Hours : M.W.F. from 6-7 pm E-mail : gkazzy@aust.edu.lb kazzifinance@yahoo.com Business Division e-mail: business.div@aust.edu.lb ________________________________________________________________________ Course Objectives To study the role that international trade and investment, currency movements, derivative ...

Words: 892 - Pages: 4

Premium Essay

Ibe Outline

...P13KL8 International Business Environment 1 Updated: September 2015 BA (Hons) PROGRAMME P13KL8: INTERNATIONAL BUSINESS ENVIRONMENT 1 2015-16 AUTUMN SEMESTER MODULE OUTLINE LEVEL AND CREDITS Level 3, 10 Credits PRE-REQUISITES None MODULE CONVENOR Professor Lianxi Zhou Admin Building Room AB376 Lianxi.Zhou@nottingham.edu.cn Office Hours: Mondays 9:30-11:30 or by appointment CORE TEXT: Hill, Charles W.L. et al (2012), International Business: An Asian Perspective, McGraw-Hill: Singapore. SUMMARY OF MODULE CONTENTS The module examines macro-environmental factors that influence the economic and international business development at both country and firm levels. It will introduce and explain relevant theories and different arguments to support understanding and analysis of the international business environment. Main topics covered by the module include influence of globalization on economic and business development; current trends of international business in terms of cross-border trade and foreign direct investment; cross country differences in political, economic and financial, cultural and ethical systems and their implications for international business management. MODULE AIMS The principle aim of the module is to develop students’ awareness and knowledge of the current trends, key issues and cross-country differences in the international business context in which multinational firms operate. It aims to provide insights and stimulate 1 P13KL8...

Words: 1212 - Pages: 5

Premium Essay

Computrer

...Basics of International Business Course Outline COURSE OBJECTIVES Central in this course is gain knowledge and understanding of international markets. - Develop skills to analyse and evaluate non-domestic markets to enable firms to compete effectively in world markets. - Learn how firms can develop their international business in order to exploit opportunities. - Examine implementation issues of international product management, marketing communications, distribution, logistics and pricing. COURSE ASSESMENT Students are expected to read the materials and prepare classes based on the materials provided during or before the classes. Students’ presentations and group assignments in class will be graded. You will have three group assignments and an individual exam. Students will be assigned to a team and will do a research project for a fictuous or real company. The individual assignment will be an exam were theory and insight will be examined. COURSE PREREQUISITES Understanding the principles of marketing is a prerequisite. Reading the required chapters and case studies related to international marketing is another prerequisite. COURSE GRADING Group assignment int business plan (report only) 20% Group assignment Eye on “country X” (ppt only) 10% Group assignment Food-culture project (ppt only) 10% Individual exam 60% The minimum score to pass is 5.5. COURSE MATERIAL (recommended) Global Business Today – Charles W.L. Hill - McGrawHill ...

Words: 306 - Pages: 2

Premium Essay

Accounting

...DEPARTMENT OF ECONOMICS Course: International Business Module, 2004/2005 Course Lecturers: Sougand Golesorkhi (B10) Kwok Tong Soo (B47a) Tutors: Alina Petrescu Jasleen Sindhu Tatiana Boroditskaya Zoe Whang Tel: + 44 (0) 1524594418 (Soo) Email: s.golesorkhi@lancaster.ac.uk k.soo@lancaster.ac.uk Please note that the Departmental Office is open every weekday, 9-11am & 2-4pm. You should consult the Part 1 notice board at regular intervals throughout the term. This is located outside B34 in the Management School. Students should note that the principal method of communicating administrative matters will be via Lancaster e-mail accounts. Also note that there is a Part 1 Economics discussion space (for 101 and 102 students taking the International Business option) that students and staff can access via the following URL: http://domino.lancs.ac.uk/econ/intbus.nsf. If you have queries regarding your Economics studies you can attend one of the drop in sessions in which a member of staff is available to help you with any aspect of the course with which you are struggling. Details of the times and locations of the drop in sessions will be posted on the Part 1 notice board. Course Aims: The aims of the course are to: • introduce students to a variety of international business issues, including international trade, international investment, international labour flows, and the market for foreign exchange. • provide students with an...

Words: 2735 - Pages: 11

Premium Essay

Heyy

...foundation in business operations through a survey of major business functions (management, production, marketing, finance and accounting, human resource management, and various support functions). Offers an overview of business organizations and the business environment, strategic planning, international business, and quality assurance. INSTRUCTIONAL MATERIALS Required Resources Kelly, M., McGowen, J., & Williams, C. (2014). BUSN (6th ed.). Mason, OH: South-Western Cengage Learning. (Note: This is a textbook uniquely created for Strayer and can only be purchased via Strayer’s Virtual Bookstore, available through iCampus. The chapters within this custom textbook are the same as those from the national title, only rearranged in a different order.) Supplemental Resources Asare, S. K., & Wright, A. M. (2012). Investors’, auditors’, and lenders’ understanding of the message conveyed by the standard audit report on financial statements. Accounting Horizon, 26(2), 193-217. Aytaç, G., & Turan, O. Z. (2012). Issues of business ethics in domestic and international businesses: A critical study. International Journal of Business Administration, 3(5), 82-88. Bulu, I., Radojicic, M., & Nesic, Z. (2012). Some considerations on modern aspects of marketing promotion. Technics Technologies Education Management, 7(4), 1741-1750. Franks, R. A., & Spalding, A. D. (2013). Business ethics as an accreditation requirement: A knowledge mapping approach. Business Education &...

Words: 913 - Pages: 4

Premium Essay

Manager

...جامعة البترا | | Petra University | كلية العلوم الإدارية والمالية | | Faculty of Administrative And Financial Sciences | قسم إدارة الأعمالبرنامج الماجستير Business Administration DepartmentMBA Program | الفصل الدراسي Term:First Term | السنة الدراسية: Year: 2013/2014 | خطة المقرر Syllabus | اسم المقرر | International Business | Course Title | رقم المقرر | 301723 | Course Number | المتطلب السابق | - | Prerequisite Course | Course Objectives | This course aims to highlight the role and functions of multinational / global corporations and governments in international business. This is achieved through helping students be able to: * Define globalization and international business and show how they affect each other * Understand why companies engage in international business and why international business growth has accelerated * Discuss behavioral factors influencing countries’ business practices * Discuss the philosophy and practices of the legal system * Describe trends in contemporary legal systems * Profile the characteristics of the types of economic systems * Examine corporate responses to globalization in the form of codes of conduct, among other things * Understand why production factors, especially labor and capital, move internationally * Grasp company strategies for sequencing the...

Words: 1197 - Pages: 5