BC5005 Contemporary Issues in Business and Management-global dominance

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BC5005 Contemporary Issues in Business and Management

Task:

i) Globalization can be seen as the worldwide movement toward economic, financial, trade & communication integration to achieve an interconnected and interdependent world

a. to facilitate the free transfer of capital, goods and services across national frontiers.

b. to develop international influence or operate on an international scale

Do you think the “Belt & Road Initiative (BRI)” falls into this perspective or do you see it as an attempt to gain “global dominance” in other areas?

ii) Globalization creates opportunities for both host and home countries. Acompany will seek to “go international” to capitalize on some of these opportunities. What are the THREE (3) basic reasons that drive this effort to go international? (12 Marks)

iii) From the above passage, does China’s BRI fall within ANY of the three reasons that you have identified in A1 ii) – considering that the bulk (if not all) of the costs are borne by China herself? (4 Marks)

iv) Considering your own country of origin (where you come from), will the BRI have any significant impact for your country?(4 Marks)

v) In your own opinion, is Globalization “a threat or an opportunity”? Provide ONE OPPORTUNITY and ONE THREAT with a brief explanation to support your answer. (8 Marks)

vi) Trading blocs like the EU, NAFTA or even ASEAN, sees regional union as “strength in numbers” when it comes to negotiating free trade agreements or defending their economic positions. In relation to this “economic solidarity” – in your own opinion, how do you see China’s emphasis on the”Power of Bilateralism”, that is, one-on-one, affecting participants of the BRI? Suggest TWO (2) reasons with a brief explanation. (4 Marks)

vii) In the context of globalization, would you say China is “building bridges” while the West are “erecting barriers”? Why or why not? (4 Marks)

BC5005 Contemporary Issues in Business and Management

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