Get help for Golden Gate University MGT 179 Homework Help. Please summarize the case at the end of chapter 1 (Who Makes the Apple iPhone?) using your own words then answer the questions at the end of the case. Q1. Read the case study on Ghana (page 57). After gaining independence from Britain, Ghana’s economy languished for three decades. Why was this the case? What does the Ghana experience teach you about the connection between economic and political systems and economic growth? Q2. “The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in smaller firms.” What is your reaction? Does this have any impact on your academic goals? Q3. How has globalization made Boeing’s approach to the production of the Dreamliner possible? Q4. What are the keys to Vizio’s success in terms of global sourcing?
Vizio was recently sold to a Chinese company with an online streaming portal. Do you think that might affect its US business strategy? Q5. With the vote in the UK to leave the European Union, what do you think are the implications for global business and global security. What are the implications (near and long term) for the UK economy? What are the implications for sourcing from China? What the implications for American trade, economic and foreign policy? Q2. What can other companies that are considering investing in China learn from the experiences of Best Buy and eBay? Q3. Suppose you know you are selling a plastic toy that could be potentially harmful to children, but the cost of creating a safer toy would more than double its retail price. If consumers are willing to buy the existing product should you change your manufacturing process and raise your price? As a parent would you be willing to pay twice as much for a safer product?
Is it fair to consumers who have less disposable income if you do switch your manufacturing process to produce the safer but more expensive toy? Q4. How important is Turkey’s economy to Europe? Should Europe be concerned about the recent coup attempt? What about its role with refugees from Syria and the fight against ISIS? Q5. Should Apple be responsible for ensuring that its suppliers are safeguarding the basic rights and dignity of their employees? How can Apple be sure that its suppliers do not employ sweatshop labor? Q6. Do you think facilitating payments (speed payments) should be considered ethical? Should they be legal? Were Chinese and Russian producers guilty of dumping? How did U.S. Magnesium justify its claims against Russian and Chinese producers? What does the ITC’s ruling mean for American consumers of magnesium? In your opinion, was the ruling fair? Unions in the US often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair? ” Do you think that this argument is in the best interests of (a) the unions, (b) the people they represent, and/or (c) the country as a whole?
What incentive does China have to open its markets to foreign products? Why might China resist such a move? Q4. How might (a) U.S. U.S. consumers benefit from the rise of the Indian pharmaceutical industry? Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry? What international trade theory (or theories) best explain the rise of India as a major exporter of pharmaceuticals? According to the Institute for International Economics study, a move toward free trade would cause disruption in employment. Is it still worth pursuing free trade if it means that some people lose their jobs? Q6. You are an employee of an U.S. Thailand and then exports them to the United States and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at that time were Malaysia and Hong Kong. The U.S. government decides to impose punitive 100 percent ad-valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U.S. Thailand. How should your firm respond?
What does this tell you about the use of targeted trade barriers? 1. How might (a) U.S. U.S. consumers benefit from the rise of the Indian pharmaceutical industry? 2. Who might have lost out as a result of the recent rise of the Indian pharmaceutical industry? 3. Do the benefits from trade with the Indian pharmaceutical sector outweigh the losses? 4. What international trade theory (or theories) best explain the rise of India as a major exporter of pharmaceuticals? In 2008, inward FDI accounted for some 63.7 percent of gross capital formation in Ireland, but only 4.1 percent in Japan (gross capital formation refers to investments in fixed assets such as factories, warehouses, and retail stores). What do you think explains this difference in FDI inflows into the two countries? Why are the actions of institutions like the European Commission important to the function of markets? How does the European Commission protect consumers?