Term 5 Week 8 Discussion Board Bus 6750

Term 5 Week 8 Discussionsweek 8 Discussion Boardbus6750 International

Term 5 Week 8 Discussionsweek 8 Discussion Boardbus6750 International

Term 5 Week 8 Discussions Week 8 Discussion Board (BUS6750 International Business Management) Part 1 – All Chapters 1-17: Pick a chapter, one topic area, and discuss. Part 2: Discuss your perspective on global business regarding the global economy, using the USA economy as a prime example. When done, answer the question: Does global business hurt or improve the USA economy? Unit 8 DB: Considerations (CTC301 Professional Success Seminar) There is a lot to consider when making a career decision. After viewing the LinkedIn Learning video Negotiating Your Job Offer and then completing the form Getting Clear on What You want, consider these questions: What are your top 3 must-haves and top 3 walkaways when considering a career/job offer? Describe what is the biggest consideration for you in determining a good career fit. How negotiable is that for you? Explain.

Paper For Above instruction

The discussions for this week encompass two significant perspectives: an analysis of international business topics and a personal reflection on career decision-making. The first part invites a detailed examination of a chosen chapter or topic area from the course material covering Chapters 1-17, focusing on international business. The second part requires an evaluation of the impact of global business on national economies, with a specific focus on the United States as a case study.

Part 1: International Business Topic Analysis

For the first segment, I selected Chapter 8, which explores international trade policies and their influence on global commerce. This chapter provides insight into trade agreements, tariffs, quotas, and how governmental policies shape international market dynamics. A key topic within this chapter is the concept of protectionism versus free trade policies. Protectionism involves safeguarding domestic industries through tariffs and quotas, which can protect jobs temporarily but often lead to retaliatory measures and higher prices for consumers. Conversely, free trade promotes open markets and lowers barriers, encouraging competition, innovation, and consumer choice.

The benefits of free trade, as outlined in the chapter, include increased economic efficiency, access to larger markets, and the potential for technological transfer. However, the chapter also discusses the challenges it poses to certain domestic industries and workforce dislocations. Understanding these trade-offs is crucial for policymakers and business leaders operating in an interconnected global economy.

This analysis highlights the importance of strategic trade policies that balance national interests with global cooperation. Such policies can foster economic growth while mitigating adverse effects on vulnerable sectors. The chapter emphasizes the role of international organizations like the World Trade Organization (WTO) in mediating disputes and promoting fair trade practices.

Part 2: Perspective on Global Business and the U.S. Economy

The impact of global business on the U.S. economy is multi-faceted. On one hand, global trade has been a significant driver of economic growth in the United States. It provides American companies with access to international markets, promotes competitiveness, and fosters innovation through exposure to global standards and practices. For example, American technology firms have benefited immensely from exporting their products and services worldwide, leading to job creation and higher productivity.

Furthermore, global supply chains have allowed U.S. businesses to source inputs cost-effectively, which benefits consumers with lower prices and wider product choices. Industries such as agriculture, automotive, and electronics have become more competitive thanks to international trade partnerships.

On the other hand, some critics argue that globalization has contributed to job displacements and wage stagnation in certain sectors, such as manufacturing. The offshoring of production has led to factory closures in regions like the Rust Belt, creating economic challenges for communities dependent on manufacturing jobs. Additionally, trade deficits with countries like China have raised concerns about domestic economic security and the unequal distribution of benefits from international trade.

Despite these challenges, the consensus among economists is that, overall, global business has largely benefited the U.S. economy by driving innovation, expanding markets, and increasing consumer choice. However, the key is implementing policies that support workers negatively impacted by globalization, including retraining programs and social safety nets.

Does Global Business Hurt or Improve the USA Economy?

Considering the above points, global business generally improves the U.S. economy, but with caveats. It fosters economic growth, innovation, and competitiveness, enabling the U.S. to maintain its position as a leading global economic power. Nevertheless, the negative effects on certain sectors and communities necessitate proactive measures to address inequality and employment disruptions. Therefore, while global business is largely beneficial for the U.S. economy, policymakers must also focus on inclusive growth strategies to ensure that the gains are widely shared.

Considerations in Career Decisions

From a personal perspective, making a career decision involves evaluating multiple factors to find the right fit. After viewing the LinkedIn Learning video "Negotiating Your Job Offer" and completing the "Getting Clear on What You Want" form, I identified my top three must-haves in a job: meaningful work aligned with my values, opportunities for professional development, and a supportive work environment. Conversely, my top three walkaways are lack of growth opportunities, poor management, and an inflexible work schedule.

The biggest consideration for me in determining a good career fit is aligning my work with my core values and passion. This alignment ensures long-term satisfaction and motivation. I consider this highly negotiable because, while some aspects like salary and benefits can be flexible, core values and meaningful work are non-negotiable for sustained career fulfillment.

Negotiability in other areas depends on the context—sometimes compromises on work hours or location are acceptable if the role offers growth and purpose. Ultimately, finding a career that matches my values and offers continuous learning opportunities is essential for my professional happiness and personal well-being.

References

• Bhagwati, J. (2004). In Defense of Globalization. Oxford University Press.
• Caves, R. W. (2011). International Economics. Cambridge University Press.
• Federico, G. (2019). Trade Policy and Economic Development in the Age of Globalization. Routledge.
• Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy. Pearson.
• Mankiw, N. G. (2020). Principles of Economics. Cengage Learning.
• OECD. (2020). Trade and Globalization. Organisation for Economic Co-operation and Development.
• Porter, M. E. (1990). The Competitive Advantage of Nations. Harvard Business Review.
• Rodrik, D. (2018). Straight Talk on Trade: Ideas for a Sane Trade Policy. Princeton University Press.
• World Trade Organization. (2021). World Trade Report 2021. WTO Publications.
• Yusuf, S. & Nabli, M. (2018). Globalization and Development Strategies. Palgrave Macmillan.