Session 1: Welcome to ADM3318

Question 1

What: The International Environment of Business (4)

Answer 1

1. Competitiveness
2. Trade regimes
3. Policies and politics
4. Socio-economic development

Question 2

Competitiveness

Answer 2

Firms’ expansion, growth, new markets, alliances, offshoring, costs, supply chains….

Question 3

Policies and politics

Answer 3

Populism, nationalisms, differences in socio- political systems, North-South dynamics, geopolitical order, climate change…

Question 4

Trade regimes

Answer 4

International institutions (IMF, WTO, UN, etc.), trading blocks (EU, NAFTA, APEC, etc), standards, regulations…

Question 5

Why: The “butterfly effect”

Answer 5

A deep interdependence of human, economic, and natural phenomena shapes our lives beyond imagination.

Question 6

Socio-economic development

Answer 6

Poverty reduction, SDGs, growth
measurement, industrialization, technological progress….

Question 7

How: Interdisciplinarity and Critical Thinking

Answer 7

• Nexus of management, finance, economics, geography, politics, marketing, environmental science….
• Appreciating complexity: Hidden interdependencies, entanglements, causations, obstacles, adaptations…
• Levels of analysis: Individuals, communities, firms, states, regions….
• Nothing is black or white: Embracing non-Western, non- American perspectives to understand reality