For this assignment, you will examine an industry or sector in which a large emerging market, such as China or India, is attempting to catch-up with the global leaders in the industry, and how this is being achieved. FOR MORE CHECK ASSESSMENT 1 IN FILE DESCRIPTION THE STUDY GUIDE THAT I HAVE UPLOADED

Welcome to Globalisation and the World Economy

You are expected to read the contents of this study guide, also available on Blackboard under “All My Courses”.

This is a level 8 paper, worth 15 points. This paper runs for 12 weeks and has 1 session per week.

 

Teaching team and contact details:

Paper Coordinator	Phone	Email	Office hours
Prof. Peter Enderwick	09-9219999 ext: 5748	peter.enderwick@aut.ac.nz	Contact by email

 

 

Success in your paper

Academic study is intellectually challenging. To come to grips with the content in your paper, what it means, and how it is applied, you need to do the following:

 

• attend all lectures and hear key concepts and theories explained by your lecturers, who are experts on their subjects
• attend all workshops to make sense of what you’ve learned and to apply it to authentic scenarios
• read all material given by your lecturers, make notes on it and make sure that you have grasped the information
• undertake three hours study for every one hour of lectures – draw up a weekly timetable to help with scheduling your study time
• complete all assessments

 

All your lecturers want you to do well and to be well.  Make sure you use the many student support services on offer at AUT, if you feel that you are struggling with your studies.

 

• For support within the Faculty, see information on your Blackboard programme organisation.
• For AUT-wide academic and wellbeing support, visit the Student Digital Workspace, under the Learning Support and Student Life tabs.

 

Paper information

Pre-requisite/Co-requisite/Restriction requirements

INTB860, INTB861

Paper aim

An examination of contemporary globalisation of the world economy and international business responses designed to maximise opportunities and overcome challenges.

 

Learning outcomes

1. Critically reflect on and discuss the changing nature of the world economy and its implications for international business activity.
2. Critically reflect on and discuss the contemporary structure of the world economy, particularly developed and emerging economies.
3. Analyse the evolution of global value chains and international business strategies and how these have responded to changing conditions.
4. Critically reflect on and discuss the growth of externalised international business activity including outsourcing, offshoring, contract manufacturing and the rise of the global factory.

 

Content

• Changing nature of the world economy; e.g. drivers of change, economic rise and (relative) decline, risks and uncertainties.
• Rise of emerging economies, their impact and challenges of doing business in them, the competitiveness of the Asian region.
• Evolution of business strategies; e.g. multi-domestic, global, transnational. Emergence of business disruption and competitive responses. The global factory.
• Growth of “global issues” and their impact on business.
• The future of globalisation.

 

 

 

Blackboard programme organisation

Details of all papers, major requirements, full paper descriptors, exam schedules (mid semester/term/trimester/year and final), assessment forms, timetables and all other information relevant to current students can be found on Blackboard (https://blackboard.aut.ac.nz) under:

“My Organisations” Business MBA & Professional Masters Programme Information

 

 

Required texts and recommended reading

There is no required text for this paper. You will be provided with a set of reading material and other resources during the course of the semester.

 

 

 

 

Weekly programme

Weeks	Topic	Reading
1-2	Liberalisation and the drivers of change in the global economy.	PWC (2017)The Long View: How Will the Global Economic Order Change by 2050? PWC, London. L. Enriquez, S. Smit and J. Ablett (2015) Shifting Tides: Global Economic Scenarios for 2015-25 McKinsey, San Francisco.   S. Dullien (2018) Shifting Views on Trade Liberalisation: Beyond Indiscriminate Applause Intereconomics 53(3): 114-124
3	The rise of emerging markets. Doing business in EMs. Challenges of EMs.	P. Enderwick (2009) Large Emerging Markets (LEMs) and International Strategy International Marketing Review 26(1): 7-16. J. A. Mathews (2006) Dragon Multinationals: New Players in 21st Century Globalisation Asia Pacific Journal of Management 23: 5-27.   P. Enderwick Emerging Markets in the World Economy Chapter 2 in P. Enderwick (2020) The Competitive Chalenge of Emerging Economies: China and India Cambridge Scholars Press.
4	Digitisation and new business models	MGI (2016) Digital Globalization: The New Era of Global Flows Executive Summary, MGI, San Francisco.   S. Lund and L. Tyson (2018) Globalization is Nort in Retreat: Digital Technology and the Future of Trade Foreign Affairs 97(3): 130-140.
5-6	Changing structure of the world economy	G. Gereffi and K. Fernandez-Stark (2011) Global Value Chain Analysis: A Primer Duke University.   UNIDO (2019) Global Value Chains and Industrial  Development: Lessons from China, South-East and South Asia UNIDO, Vienna pXVI-XXI.
7	The Growing Importance of Asia	MGI (2019) Asia’s Future is Now McKInsey,  San Francisco.   World Economic Foum (2019) In 2020, Asian economies will become larger than the rest of the world combined – here’s how WEF, Davos.
8	Changing Nature of Global Production -GVCs, NEMs	P.J. Buckley (2011) Insights into the Global Factory AIB Insights 11(2).   S. Tallman (2011) Offshoring, Outsourcing and Strategy in the Global Firm AIB Insights 11(1): 3-7.   P. Enderwick and P.J. Buckley (2019) Beyond supply and assembly relations: Collaborative innovation in global factory systems Journal of Business Research 103(C): 547-556.
9	Changes in International Business Strategy -multidomestic, global, transnational to the global factory	P. Enderwick (2109) Formulating the Strategic Response Chapter 17 in P.J. Buckley, P. Enderwick and A. Cross (eds) International Business, OUP, Oxford.   P.J. Buckley and R. Strange (2015) The Governance of the Global Factory: Location and Control of World Economic Activity Academy of Management Perspectives 29(2): 237-249.   P. Enderwick (2018) The Scope of Corporate Social Responsibility in Networked Multinationals International Business Review 27(2): 410-417.
10	Challenge of ‘global issues’	McKinsey (2019) Climate Change and Response, Executive Summary McKinsey.   World Resources Institute (2019) Tackling Global Challenges, WRI, Washington
11	Populism and the Future of Globalisation	M.A. Witt (2019) De-globalization: Theories, Predictions, and Opportunities for International Business Research Journal of International Business Studies 50: 1053-1077.   D. Rodik (2018) Poulism and the Economics of Globalization Journal of International Business Policy 1(1): 12-33.   U. Dadush (2017) The Future of Globalization OCP Policy Center.   B. Eichengreen (2019) Towards a New Enlightenment: The Past Decade and the Future of the Global Economy.
12	Paper Review	P. Enderwick Globalisation After Covid-19

 

 

Assessment information

All students should obtain a copy of either the Business Programmes Assessment and Study Handbook or the Law Programmes Assessment and Study Handbook, which include information on:

• Academic Integrity
• Attendance
• Assignments (Format, Presentation, Referencing, Submission)
• Assessment (Return of Assessments; Review/Reconsideration, Uncollected Assessments)
• Results

These handbooks are available online from “My Organisations” on Blackboard (https://blackboard.aut.ac.nz)

Please note: Assessments may be copied and kept for moderation and programme administration purposes. Presentations may also be videoed.

Extensions and other Special Consideration Applications (SCAs)

Students may apply for an extension or for special consideration where there are exceptional circumstances.

The SCA online request form is available through Blackboard. Access the form via the “Special Consideration” tab at the top of the Blackboard home page once you have logged in. Follow the instructions provided.

Penalty for late submission of assessment items

The penalty for late submission will be a reduction by 5% or one grade (e.g. B+ to B) per day up to a maximum of five days. An assessment item will not be marked if it is more than five days late.

Assessment structure

Item	% of mark allocation	Maximum mark	Group/individual	Due date
Assessment 1: Group Report	50%	50	Group	Week 8: Friday, 29 May 2020
Assessment 2: Individual essay	50%	50	Individual	Week 12: Friday, 26 June 2020

 

Reconsideration

You are entitled to make a formal request for reconsideration of marks in cases where you believe your assessment work has not been marked in accordance with published marking criteria. This request can only be made when assessed work is returned, or during review/reconsideration. There is a strict process to follow – refer to the Business Programmes Assessment and Study Handbook or the Law Programmes Assessment and Study Handbook for details. Note that, where assessments have been submitted electronically, you normally only have 48 hours from the time the graded assessment is made available on Blackboard to apply for reconsideration.

Pass requirements

Students are expected to attempt every assessment event. In order to gain a pass in this paper you must obtain at least 50% overall in the paper.

 

Assessment event details

Assessment 1: Group Report

Due date	Week 8: Friday 29 May 2020
Weighting	50%
Type	Report
Length	3000
Submission	To Blackboard
Requirements	You will be part of a group and as a group will prepare a 3000 word report. These are the groups you were asked to form prior to lockdown.   For this assignment you will examine an industry or sector in which a large emerging market, such as China or India, is attempting to catch-up with the global leaders in the industry, and how this is being achieved.   Your analysis should consider: 1.       The global dynamics of the industry/sector; 2.       The underlying determinants of competitiveness in the industry/sector; 3.       The competitive strategy of the home country government and emerging market multinational (EMNEs); 4.       The learning processes of the EMNEs; 5.       The competitive response of incumbent competitors; 6.       Lessons for other sectors seeking to catch-up.   Unless discussed and agreed with me marks will be allocated equally to each group member.
Programme learning goals	1.       Be self-aware, critically reflective and ethical international business professionals 2.       Be effective thinkers and problem solvers 3.       Be effective communicators (written and oral)
Paper learning outcomes	1.       Critically reflect on and discuss the changing nature of the world economy and its implications for international business activity. 2.       Critically reflect on and discuss the contemporary structure of the world economy, particularly developed and emerging economies. 3.       Analyse the evolution of global value chains and international business strategies and how these have responded to changing conditions. 4.       Critically reflect on and discuss the growth of externalised international business activity including outsourcing, offshoring, contract manufacturing and the rise of the global factory.

 

 

 

Assessment 2: Individual Essay

Due date	Week 12: 26 June 2020
Weighting	50%
Type	Individual essay
Length	Maximum of 2000 words
Requirements	Discuss the likely changes that will occur for China and its role in global value chains (GVCs) following the Covid-19 pandemic. You might discuss: How foreign producers and consumers perceptions of China might change; How Asian and other suppliers to Chinese assemblers and manufacturers might change their startegies; Whether GVCs will change and how, for example, will it prompt reshoring, nearshoring, or a China+1 strategy/ How will Factory Asia be impacted by the pandemic? How might Chinese firms react, will they seek to reduce dependence on overseas markets, will they move towards services which might be traded more easily, will they automate production processes to replace labour? What policies might the Chinese authorities implement to reduce the damage to their economy and reputation? How might foreign governments react to these events, will there be more state intervention in international business, more protectionism? How might the efficiency imperative that drives globalisation change to incorporate greater resilience? There are other impacts you might wish to discuss and I would like to see you link your analysis back to the ideas and concepts covered in the paper.
Programme learning goals	1.       Be self-aware, critically reflective and ethical international business professionals 2.       Be effective thinkers and problem solvers 3.       Be effective communicators (written and oral) 4.       Be able to apply international business to issues in professional international business practice
Paper learning outcomes	1.       Critically reflect on and discuss the changing nature of the world economy and its implications for international business activity. 2.       Critically reflect on and discuss the contemporary structure of the world economy, particularly developed and emerging economies. 3.       Analyse the evolution of global value chains and international business strategies and how these have responded to changing conditions. 4.       Critically reflect on and discuss the growth of externalised international business activity including outsourcing, offshoring, contract manufacturing and the rise of the global factory.