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MGT240—INTERNATIONAL MANAGEMENT. MID-TERM EXAM. Business & Marketing (Essay Sample)

Instructions:

​ MGT240—INTERNATIONAL MANAGEMENT
MID-TERM EXAM

Pace University​​​​​​​​Spring Semester, 2020
Lubin School of Business​​​​​​​Dr. Larry Bridwell

PLEASE PREPARE TEN TO TWENTY DOUBLE SPACED PAGES ANSWERING THE FOLLOWING:


PLEASE ANSWER ALL OF THE FOLLOWING SHORT ANSWER QUESTIONS: (FORTY POINTS)

1. What is the difference between globalization and internationalization? (SIX
POINTS)

2. What is the connection of the research thesis of Jeffrey Sachs and Andrew Warner to the Theory of Comparative Advantage? (SIX POINTS)

3. Why is 2017 important to Prof. Khanna (SIX POINTS)

4. What is the connection of Oxfam to the WTO in the context of cotton? (SIX POINTS)

5. How does virtuous and vicious circles apply to cotton? (EIGHT POINTS)

6. How does Heckscher-Olin, New Trade Theory and Michael Porter expand on the
Theory of Comparative Advantage? (EIGHT POINTS)


ESSAY: PLEASE ANSWER THE FOLLOWING TWO QUESTIONS: (SIXTY POINTS)

I. How does the Theory of Comparative Advantage apply to the double movement of Karl Polanyi and the concept of “Economics is part of a larger civilizing project”?

II. How does the Theory of Comparative Advantage apply to Michael Porter’s Diamond of Competitive Advantage?

source..
Content:


Student Last Name 1
Student Name
Professor Name
Class
Date
Mid-Term Exam
1. Globalization & Internationalization
Typically, companies develop different market entry strategies to gain a foothold into one or more local and/or international markets. The expansion into international markets is, generally, a reflection of sustained local/national growth and could also be one way to overcome a range of challenges including, but not limited to, declining growth, stricter regulatory barriers, market saturation and/or surging import/export duties. For market expansion, companies, big and small, can adopt a globalization or an internationalization approach (Rooney and Chavan). In a conventional expansion form, companies usually move from an internationalization phase into a globalization one. The internationalization phase is characterized by separate market entry strategies whereby single (national) markets are considered stand-alone markets. More specifically, in an internationalization approach, companies develop an overall corporate strategy cutting across all business lines for each separate national market. In so doing, national markets are considered independent markets from one another and, usually, report to a main headquarter in country of origin. The maturation of several independent national markets could initiate a strategy change into globalization. That is, if a number of independent, national markets develop similar market patterns (e.g. converging consumer preferences, development of joint economic bloc agreements, and further integration of logistic, operation and/or business processes),

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