Transcript Development Indicators for Selected Countries

International Business
Management (MS34B)
Introduction/Economic Growth, Development
and Competitiveness
Facilitator: Densil A. Williams
MGNT3037 UWI, Mona, MSBM
Introduction to the Course



International business consists of transactions that
are carried out across borders in order to satisfy
the goals of individuals, companies and
organizations.
To operate abroad, firms will have to take the
following into consideration when they are
planning their IB entry :
How will our goods and services fit into the
international market?
MGNT3037 UWI, Mona, MSBM
Introduction to the Course



How should we enter the market-Trade or
Investment?
What adjustments to our offerings are
necessary to respond to local conditions?
What are the threats from local firms and
how can we counteract these?
MGNT3037 UWI, Mona, MSBM
Introduction to the Course


This IB course will help you to participate
in this complex decision making process.
However, when making these decisions
the context in which the firm operates is
critical
MGNT3037 UWI, Mona, MSBM
Introduction to the Course


The core of this course will focus on an
analysis of the enabling environment
captured under the theme: “International
Business Theories, Systems and Institutions”.
The second aspect will look at the internal
operations of the firm, which is captured
under the theme: “Managing the international
operations of firms in developing countries”.
MGNT3037 UWI, Mona, MSBM
Factors Influencing Growth



GDP
Male Secondary/Higher Schooling
Rule of Law
MGNT3037 UWI, Mona, MSBM
Factors Influencing Growth



Terms of Trade
Democracy
Inflation
MGNT3037 UWI, Mona, MSBM
Concluding Remarks


Growth, Development and Competitiveness are
complex phenomena and require technical
understanding.
The “one-size-fits all” approach to growth,
development and competitiveness has to be
revisited in light of the special circumstances of
small, open economies.
MGNT3037 UWI, Mona, MSBM