Part I: Conceptual Question (20%)
Political, Legal and Socio-Cultural Frameworks in Emerging Markets
Select an emerging economy of your choice that has undergone major changes in its political, legal and/or social environments over the last two/three decades and identify and discuss the two key opportunities and two key challenges that these changes may have created for international firms already doing business (or are planning to do business) in the country you have chosen. Illustrate your response with concrete examples.
Part II: World Events, Trends and Issues and their Implications for Managing International Business in Emerging Economies
Answer only ONE (1) out of TWO (2) Questions…….…………………….…….(1 x 40 = 40% marks)
COVID-19 PANDEMIC
Strategic and public policy implications of the current worsening COVID-19 pandemic situation in Europe for two (2) emerging economies. Lessons for both Europe and emerging economies. Role of/for emerging economies in combatting the COVID-19 pandemic.
International business implications of the current China-West Relations
The international business dynamics and the short- and medium-term consequences/implications of the current pressures on China by the Western countries (and other neighboring countries) with regard to human rights issues, Taiwan, Hong Kong, rising power/clout, etc. as can be understood within the context and modalities of relations/engagement between China (emerging economy) and Western countries.
Part III: Practical/Empirical/Problem-Solving Questions
Answer only ONE (1) out of SIX (6) ………………………………………….(1 x 40 = 40% marks)
Opportunities and Threats in Emerging Markets: Bottom of the Pyramid (BOP)
International business opportunities and threats and resultant/accompanying strategies (of both domestic and foreign firms) in response to the existence of the bottom of the pyramid in two (2) emerging markets.
Political, Legal and Socio-Cultural Frameworks in Emerging Markets
China’s current regulatory crackdown on tech companies (rationale/factors behind it; impacts (immediate/medium term), and international business implications.
Making the Most of Globalization
Opportunities and threats induced by business environmental changes brought about by globalization and strategic responses by the private, civil society and public sectors to capitalize on the opportunities and to ward off the threats.
Understanding Emerging Economies in an Era of Globalization & Regionalism
The effects of globalization and regionalism on emerging economy institutional environments and the corporate and public sector measures and strategies to capitalize, cope with and address institutional voids in an emerging economy.
Strategic Entry, Expansion and Exiting Emerging Markets: Where, Why, When, and How?
Factors for and against longevity of international joint ventures in two (2) emerging economies. Motivations and strategies for exit strategies in two (2) emerging economies by both foreign and domestic multinationals.
Significance of Indigenous knowledge
Relevance of Indigenous knowledge in better understanding the issues international business managers currently have to contend with and how gaining of this knowledge might help to inform and influence the practices and behaviours of international business managers doing business within emerging economies.
Table of clue words for exams
Clue word
Meaning
Analyse
To find the main ideas, how they are related and why they are important.
Comment on
To discuss, criticise, or explain its meaning as completely as possible.
Compare
To show both the differences and the similarities.
Contrast
To compare by showing the differences.
Criticise
To give your judgement or reasoned opinion of something, showing its good and bad points. However, it is not necessary to attack.
Define
To give the formal meaning by distinguishing it from related terms. This is often a matter of giving a memorised definition.
Describe
To write a detailed account or verbal picture in a logical sequence or story form.
Diagram
To make a graph, chart or drawing. Be sure to label it and add a brief explanation if necessary.
Discuss
To present arguments for and against a point of view and reach a conclusion. The arguments must be supported with appropriate evidence.
Enumerate
To list. Name and list the main ideas one by one.
Evaluate
To give an opinion, supported by some expert opinions, of the truth or importance of a concept. Show the advantages and disadvantages.
Illustrate
To explain or make clear by concrete examples, comparisons or analogies.
Interpret
To give the meaning using examples and personal comments to make something clear.
Justify
To give a statement of why you think something is so. Give reasons for your statement or conclusion.
List
To produce a list of words, sentences or comments, Same as enumerate.
Outline
To give a general summary. It should contain a series of main ideas supported by secondary facts. Show the organisation of the idea.
Prove
To show by argument or logic that something is true. However, the word ‘prove’ has a very specific meaning in maths and physics.
Relate
To show the connection between things, telling how one causes or is like another.
Review
To give a survey or summary in which you look at the important parts and criticise if necessary.
State
To describe the main points in precise terms. Use brief, clear sentences. Omit details or examples.
Summarise
To give a brief, condensed account of the main ideas.
Trace
To follow the progress or history of the subject.
A Sample of Final Exam Questions
(N.B.: These questions will not appear in the Final Exam)
Part I: Short Conceptual Questions
How do you define emerging markets? What are some of the common characteristics?
How can governments regulate foreign investment and trade? Give examples.
Part II: World Events, Trends and Issues and their Implications for Managing International Business in Emerging Economies
Brazil, a prominent emerging economy and member of the so-called BRICS, will host the 2016 Olympics. With the help of concrete example, critically examine the ethics of awarding the games to Brazil as well as the short, medium- and long-term social, cultural economic, political and environmental implications of hosting the games.
Critically discuss, with the aid of concrete examples, the implications of globalization of labour markets in two emerging economies of your choice with a particular focus on the ethical conduct of international business organizations and their managers.
Part III: Practical/Empirical/Problem Solving Questions
What prospects does the Cuban economy have in becoming an emerging market in the medium term (i.e., in the next 5-10 years) in light of the renewed diplomatic relations between Cuba and the USA? How should the Cuban business organizations and MNEs from other countries prepare for such outcomes. Illustrate your response with examples.
Select an emerging economy of your choice and highlight how its current economic growth and characteristics portend its future potential and trajectory. How should international business organizations prepare themselves to capitalize on such prospects and potential challenges? Give concrete examples.
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