1. International Business Management (MS34B)
Introduction/Economic Growth, Development and Competitiveness
Facilitator: Densil A. Williams
MGNT3037 UWI, Mona, MSBM

2. 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

3. 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

4. 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

5. 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

6. Factors Influencing Growth
GDP
Male Secondary/Higher Schooling
Rule of Law
MGNT3037 UWI, Mona, MSBM

7. Factors Influencing Growth
Terms of Trade
Democracy
Inflation
MGNT3037 UWI, Mona, MSBM

8. 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