International Markeing

In: Business and Management

Submitted By fudanon99
Words 2092
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Chapter 1
Current Multinational Challenges and the Global Economy
■ Questions
1-1.

Globalization and the MNE. The term globalization has become very widely used in recent years. How would you define it?
Narayana Murthy’s quote is a good place to start any discussion of globalization:
“I define globalization as producing where it is most cost-effective, selling where it is most profitable, and sourcing capital where it is cheapest, without worrying about national boundaries.”
Narayana Murthy, President and CEO, Infosys

1-2.

Assets, Institutions and Linkages. Which assets play the most critical role in linking the major institutions which make up the global financial marketplace?
The debt securities issued by governments. These low risk or risk-free assets form the foundation for the creation, trading, and pricing of other financial assets like bank loans, corporate bonds, and equities (stock).
In recent years a number of additional securities have been created from the existing securities— derivatives, whose value is based on market value changes in the underlying securities. The health and security of the global financial system rely on the quality of these assets.

1-3.

Eurocurrencies and LIBOR. Why have eurocurrencies and LIBOR remained the centerpiece of the global financial marketplace for so long?
Eurocurrencies and LIBOR (and there are LIBOR rates for all eurocurrencies) reflect the “purest” of market driven currencies and instrument rates. They are largely unregulated, and therefore reflect freely traded assets whose value is set by the daily global marketplace.

1-4.

Theory of Comparative Advantage. Define and explain the theory of comparative advantage.
The theory of comparative advantage provides a basis for explaining and justifying international trade in a model world assumed to enjoy free trade, perfect competition,…...

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