ASSIGNMENT:
NEW! “ECONO-MAGIC” document. (worth 40%) Four pages with solid ideas with economic reasoning about one of the follow topics.
- Innovation Economics. How to put Canada on the map! Your dream for a smarter and more successful Canada
- Financial Centre. How to take thunder away from NYC and London. What necessary success factors are needed to put Toronto in the big league of finance.
- How to build a Canadian multinational. How can / should the government help?
- Incoming FDI in free fall….. how to get business back to Canada? How to optimize outcomes?
- The global university experience. Your dream format!
NOTE : YOU ARE ALLOWED TO DO THE “ECONO-MAGIC” paper with multiple people. # Pages = # persons x 4pages each. Focus on Substance! No filler. Share the dream and back it up with facts/figures/graphs/theories/concepts/benchmarks etc.
- Course Outline
Selected readings will be provided during the course. No need to purchase the book!
. Reference Text book: Buckley, Peter J. and M. Casson (2010) “The Multinational Enterprise Revisited” Palgrave Macmillan, Basingstoke, UK
Other texts:
See attached literature list.
The objective of the course is to provide the students with an overview of the academic literature on the Multinational Enterprise (MNE) and Foreign Direct Investment (FDI). The theory will be related to practical examples and applications.
Week 1: Introduction: MNE and Foreign Direct Investment
Rugman, Alan M. and Brewer, T.L. (2001). “The Oxford Handbook of International Business”, Oxford University Press, New York, USA
– Wilkins, Mira. “The History of Multinational Enterprise” pp3-35 Ch1
– Dunning, John H. “The Key Literature on IB Activities: 1960-2000” pp 36-68 Ch 2
– Markusen, James R. “International Trade Theory and International Business” pp69-87 Ch 3
Buckley, Peter J. and Casson, M. (2010). “The Multinational Enterprise Revisited” Palgrave MacMillan, Basingstoke, UK . Chapter 1, 3
Week 2: History and Theory of the MNE. Overview of key literature on MNE
– Hennart, Jean-Francois, “Theories of Multinational Enterprise” pp127-149. Ch 5
Week 3: MNE and Strategy, Organizational design.
– Buckley, Peter/Casson, M. “Strategic Complexity in IB”pp88-126Ch4
– Tallman, Stephen B/Yip, G.S. “Strategy and the MNE”p317-348Ch12
- Westney, D. Eleanor and Zaheer, S. “The MNE as an Organization” pp349-379 Ch13
- Birkinshaw, Julian “Strategy and Management in MNE Subsidiaries” pp380-401 Ch14
Kim, Chan W. and Mauborgne, R. (2005). “Blue Ocean Strategy, How to Create Uncontested Market Space and Make the Competition Irrelevant” Harvard Business School Press, Boston, USA
Cohen, Stephen D. (2007). “Multinational Corporations and Foreign Direct Investment” Avoiding Simplicity Embracing Complexity” Oxford University Press, Oxford, UK
Week 4: MNE, Innovation and Knowledge. Platform companies and big data. From Multinational to Extraterrestial companies.
– Cantwell, John “Innovation and Information Technology in the MNE” pp431-456 Ch 16
Atkinson, Robert D., S.J. Ezell (2012), “Innovation Economics, The Race for Global Advantage”. Yale University Press
Swann, G.M.Peter (2009), “The Economics of Innovation, An Introduction” Edward Elgar Publishing, UK
Thiel, Peter (2014) “From Zero to One, Notes on Start-ups or How to Build the Future” Crown Business,
Week 5: MNE and Location Decisions and Competitiveness/Market Entry/Timing.
– Rugman, Alan M. and Verbeke, A. “Location, Competitiveness, and the MNE” pp 150-180. In: Rugman/Brewer. Ch 6
– Buckley and Casson, “ The Multinational Enterprise Revisited”, 2010. Ch 2.
Week 6: Country Competitiveness Rankings/Competitive Advantage
Porter, Michael E. (1998). “The Competitive Advantage of Nations”, The Free Press, New York, USA
READING WEEK: SATURDAY, FEB. 15 – SUNDAY, FEB. 23, 2020
Week 7: Emerging Economies.
Moran, Theodore H., Graham, E. M., and Blomstrom, M. (2005). “Does Foreign Direct Investment Promote Development” Institute for International Economics, Center for Global Development, Washington DC, USA
- Smarzynska Javorcik, Beata and Spatareanu, M. “Disentangling FDI Spillover Effects: What Do Firm Perceptions Tell Us?” pp 45-71
- Long, Guoqiang “China’s Policies on FDI: Review” pp 315-336
- Moss, Todd J. et al “Is Africa’s Skepticism of Foreign Capital Justified? Evidence from East African Firm Survey Data” pp 337-366
Buckley, Peter J. (2006). “The Multinational Enterprise and the Globalization of Knowledge”, Palgrave MacMillan, Basingstoke, UK
- Buckley Peter J. “Asian Network Firms: An Analytical Framework” pp53-73
- Buckley, Peter J., et al “United States FDI into Canada: An Emprical Analysis with Emphasis on the Free Trade Hypothesis” pp130-149
- Buckley, Peter J. and Meng, C. “ The Strategy of Foreign-Invested Manufacturing Enterprises in China: Export-oriented and Market-oriented FDI Revisited” pp 284-308
Rugman, Alan M. and Brewer, T.L. (2001). “The Oxford Handbook of International Business”, Oxford University Press, New York, USA
- Child, John “China and International Business” pp 681-715 Ch24
- Meyer, Klaus E .”International Business Research on Transition Economies” pp 716-759 Ch25
Buckley, Peter J. (2010). “The Multinational Enterprise Revisited” Ch. 4.
Week 8: Emerging Economies. Emerging Market Multinationals
Jensen, Nathan M. (2006). “Nation-States and the Multinational Corporation, A Political Economy of Foreign Direct Investment”. Princeton University Press, Princeton, USA
Buckley, Peter J. (2010). “Foreign Direct Investment, China and the World Economy” Palgrave MacMillan, Basingstoke, UK
Casanova, Lourdes (2009). “Global Latinas: Latin America’s Emerging Multinationals”, Palgrave MacMillan, Basingstoke, UK
Ramamurti, Ravi and Singh, J.V. (2009). “Emerging Multinationals in Emerging Markets” Cambridge University Press, New York, USA
Week 9: MNE, Government Relations and Lobbying.
Jensen, Nathan M. (2006). “Nation-States and the Multinational Corporation, A Political Economy of Foreign Direct Investment”. Princeton University Press, Princeton, USA
Rugman, Alan M. and Brewer, T.L. (2001). “The Oxford Handbook of International Business”, Oxford University Press, New York, USA
- Rugman, Alan M. and Verbeke, A. “Multinational Enterprises and Public Policy” pp 818- 842. Ch 28
- Rugman, Alan and Verbeke, A. “Environmental Policy and International Business” pp 537-557. Ch19
Week 10: Beyond the Economics: Social/Political/Cultural/Globalization Issues.
Bhagwati, Jagdish (2004). “In Defense of Globalization” Oxford University Press, Oxford, UK
Stiglitz, Joseph E. (2003). “Globalization and Its Discontents”, W. W. Norton & Co, New York, USA
Stiglitz, Joseph E. (2007). “Making Globalization Work” , W.W. Norton & Co, New York, USA
Urmetzer, Peter (2005). “Globalization Unplugged, Sovereignty and the Canadian State in the Twenty First Century”, University of Toronto Press, Toronto, Canada
Tanzi, Vito (2011). “Government versus Markets, the Changing Economic Role of the State”, Cambridge University Press
Buckley, Peter J. and M. Casson (2010) “ The Multinational Enterprise Revisited”. Ch. 9
Week 11: Government and FDI Policies. Transfer Pricing, Taxes and Tax Havens.
Rugman, Alan M. and Brewer, T.L. (2001). “The Oxford Handbook of International Business”, Oxford University Press, New York, USA
- Eden, Lorraine “Taxes, Transfer Pricing, and the Multinational Enterprise” pp591-622. In: Brewer/Rugman. Ch 21
King, Elizabeth (2010). “Transfer Pricing and Corporate Taxation, Problems, Practical Implications and Proposed Solutions” Springer, New York, USA
Palan, Ronan, Murphy, R. and Chavagneux, C. (2010). “Tax Havens, How Globalization Really Works” Cornell University Press, Ithaca, NY, USA
Sharman, J.C. (2006). “Havens in a Storm, the Struggle for Global Tax Regulation”, Cornell University Press, Ithaca, USA
Zucman, Gabriel (2016) “The Hidden Wealth of Nations: The Scourge of Tax Havens” University of Chicago Press, Ill. USA
Week 12: Review
- Presentation
You are required to produce a TEN slide PowerPoint presentation with a team. The PowerPoint presentation will have to be a team effort of FIVE students and will be presented in class. I will assist you in developing proper team monitoring and project management skills. The presentation will be evaluated by looking at the following factors:
- Quality of economic content
- Quality of the presentation & class discussion
- Effort/Skills of each team member
- Project Management Skills
Assumed due date: Thursday, MARCH 12, 2020.
- Learning Objectives
- Learn from each other.
- Active participation in class
- Dinner/lunch/coffee meetings
- Strengthen social skills
- Learn to work in teams and strengthen interpersonal skills
- Learn project management skills
- Project management 101
- Learn to present in an auditorium setting
- Will assist with format & design
- Will encourage professionalism
- Learn new analytical tools
- Tools from economics, political science and business
- Learn to think globally and strategically
- Global examples and cases will be discussed
- Comprehensive reading list and course materials
- Academic Integrity Statement for Undergraduate Courses:
Academic misconduct is a serious offence. The principle of academic integrity, particularly of doing one’s own work, documenting properly (including use of quotation marks, appropriate paraphrasing and referencing/citation), collaborating appropriately, and avoiding misrepresentation, is a core principle in university study. Students should consult Section VII, “Academic Misconduct”, in the “Academic Regulations and University Polices” entry in the Undergraduate Calendar, available at http://brocku.ca/webcal to view a fuller description of prohibited actions, and the procedures and penalties.
Plagiarism Software:
This course may use Turnitin.com, phrase-matching software. If you object to uploading your assignments to Turnitin.com for any reason, please notify the instructor to discuss alternative submissions.
Academic Accommodation due to Religious Obligations:
Brock University acknowledges the pluralistic nature of the undergraduate and graduate communities such that accommodations will be made for students who, by reason of religious obligation, must miss an examination, test, assignment deadline, laboratory or other compulsory academic event. Students requesting academic accommodation on the basis of religious obligation should make a formal, written request to their instructor(s) for alternative dates and/or means of satisfying requirements.
Medical Exemption Policy:
The University requires that a student be medically examined in Health Services, or by an off-campus physician prior to an absence due to medical reasons from an exam, lab, test, quiz, seminar, assignment, etc. The Medical Certificate can be found at: http://www.brocku.ca/health-services/policies/exemption.
Academic Integrity:
Academic misconduct is a serious offence. The principle of academic integrity, particularly of doing one’s own work, documenting properly (including use of quotation marks, appropriate paraphrasing and referencing/citation), collaborating appropriately, and avoiding misrepresentation, is a core principle in university study. Students should consult Section VII, “Academic Misconduct”, in the “Academic Regulations and University Policies” entry in the Undergraduate Calendar, available at http://brocku.ca/webcal to view a fuller description of prohibited actions, and the procedures and penalties. Information on what constitutes academic integrity is available at https://brocku.ca/academic-integrity/
Intellectual Property Notice:
All slides, presentations, handouts, tests, exams, and other course materials created by the instructor in this course are the intellectual property of the instructor. A student who publicly posts or sells an instructor’s work, without the instructor’s express consent, may be charged with misconduct under Brock’s Academic Integrity Policy and/or Code of Conduct, and may also face adverse legal consequences for infringement of intellectual property rights.
Special Accommodation:
The University is committed to fostering an inclusive and supportive environment for all students and will adhere to the Human Rights principles that ensure respect for dignity, individualized accommodation, inclusion and full participation. The University provides a wide range of resources to assist students, as follows:
a) If you require academic accommodation because of a disability or an ongoing health or mental health condition, please contact Student Accessibility Services at askSAS@brocku.ca or 905 688 5550 ext. 3240.
- b) If you require academic accommodation because of an incapacitating medical condition, you must, as soon as practicable, inform your instructor(s) of your inability to complete your academic work. You must also submit a Brock University Student Medical Certificate (found at https://brocku.ca/registrar/toolkit/forms). The University may, at its discretion, request more detailed documentation in certain cases. If you are unable to write a scheduled examination due to an incapacitating medical condition, you must follow the process set out in the Faculty Handbook III:9.4.1.
c) If you are experiencing mental health concerns, contact the Student Wellness and Accessibility Centre. Good2Talk is a service specifically for post-secondary students, available 24/7, 365 days a year, and provides anonymous assistance: http://www.good2talk.ca/ or call 1-866-925-5454. For information on wellness, coping and resiliency, visit: http://brockmentalhealth.ca/mental-well-being/.
d) If you require academic accommodation on religious grounds, you should make a formal, written request to your instructor(s) for alternative dates and/or means of satisfying requirements. Such requests should be made during the first two weeks of any given academic term, or as soon as possible after a need for accommodation is known to exist.
e) If you have been affected by sexual violence, the Human Rights & Equity Office offers support, information, reasonable accommodations, and resources through the Sexual Violence Support & Education Coordinator. For information on sexual violence, visit Brock’s Sexual Assault and Harassment Policy or contact the Sexual Violence Support & Response Coordinator at humanrights@brocku.ca or 905 688 5550 ext. 4387.
f) If you feel you have experienced discrimination or harassment on any of the above grounds, including racial, gender or other forms of discrimination, contact the Human Rights and Equity Office at humanrights@brocku.ca.
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