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Xaviers Institute
of Business Management Studies
SUBJECT: International
Business
Total Marks: 80
Answer any FIVE of the following.
All questions carry equal marks.
1.
Explain the role of international trade in economic development.
Answer: Role of International Trade in Economic Development
International trade
plays a crucial role in the economic development of nations. It allows
countries to expand their markets, acquire goods and services that they do not
produce themselves, and take advantage of their comparative advantages. The
exchange of goods, services, technology, and capital between countries can lead
to significant improvements in productivity, innovation, and economic growth.
Below are key points explaining the role of international trade in economic
development:
1. Access to Larger
Markets:
- Expanding Market Reach: One of the primary benefits of international trade is the ability
for a country to sell its products and services in foreign markets. This increases
demand for a nation's exports, leading to higher production,
more jobs, and greater economic output.
- Economies of Scale: By accessing larger global markets, businesses can produce in
greater quantities, which leads to lower average costs due to economies
of scale. This boosts efficiency and competitiveness
2.
Critically examine the Ricardian comparative cost advantage theory of
international trade.
Answer: Ricardian Comparative Advantage Theory of International Trade
The Ricardian
Theory of Comparative Advantage is one of the foundational theories in
international trade, developed by the British economist David Ricardo in
the early 19th century (1817) through his work "On the Principles of
Political Economy and Taxation." The theory argues that countries
should specialize in producing and exporting goods for which they have a comparative
advantage (i.e., a lower opportunity cost), while importing goods in which
they have a comparative disadvantage. The theory emphasizes that even if
one country is less efficient than another in producing all goods, both
countries can still benefit from trade by specializing in what they do
relatively best.
Key Assumptions of
the Ricardian Theory:
3.
Write a strategic planning in MNCS.
Answer: Strategic Planning in Multinational Corporations (MNCs)
Strategic planning
is a critical process for Multinational Corporations (MNCs) because they
operate across diverse markets, face complex global challenges, and deal with
varying economic, political, and cultural environments. A well-crafted
strategic plan enables MNCs to align their global operations with long-term
goals, allocate resources efficiently, and build sustainable competitive
advantages. Below is a framework for strategic planning in MNCs, including key
considerations and steps involved.
1. Understanding
the Context and Environment
Before developing a
strategic plan, MNCs need to analyze both internal and external environments
to understand the factors that influence their operations and opportunities for
growth. This includes:
a. External
Environment Analysis:
- Political, Economic, Social, and Technological
(PEST) Analysis: Understanding macroeconomic factors, political
4.
Discuss the pros and cons of a multinational culture on organization
performance.
Answer: Pros and Cons of a Multinational Culture on Organizational Performance
In today's
globalized business environment, many organizations operate in multiple
countries and employ a diverse workforce. As a result, multinational culture—a
blend of different cultural values, beliefs, and practices within an
organization—becomes an integral aspect of how multinational companies (MNCs)
function and perform. A multinational culture can significantly influence an
organization’s effectiveness, productivity, and employee satisfaction, but it
also brings challenges.
Below, we discuss
both the pros and cons of a multinational culture on
organizational performance.
Pros of a
Multinational Culture on Organizational Performance
- Increased Innovation and Creativity
5.
Evaluate the performance of Multinational Corporation in international
business.
Answer: Evaluating the Performance of Multinational Corporations (MNCs) in
International Business
Multinational
corporations (MNCs) play a significant role in global economic growth by
driving international trade, investment, and innovation. Their performance in
international business is a result of various factors including their
strategies, market adaptability, financial health, competitive positioning, and
their ability to navigate cultural, economic, and political differences across
multiple countries. Evaluating the performance of an MNC in international
business requires a holistic approach that takes into account both quantitative
metrics and qualitative aspects. Below is a comprehensive evaluation framework.
6.
‘‘Negation is an art’’. How do you practice it in self regulated economy?
Answer:
7.
Discuss the present position of Human Resources Management in MNCs.
Answer:
8.
Highlight the prominence of negotiation in international business.
Answer:
9.
What do you mean by regional economic cooperation? How far are these regional
economic groupings compatible with the free trade policy?
Answer:
10.
Describe the role of international organizations in promoting international
trade.
Answer:
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Do send your query at :
or call us at : 08263069601
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