Solution Manual for Global Business 5th
Edition by Peng Mike. Complete Chapters
1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS G G G
1. ChapterG1:GIntroduction
2. ChapterG2:GFormalGInstitutions:GPolitics,GLaws,GandGEconomics
3. ChapterG3:GInformalGInstitutions:GCultures,GEthics,GandGNorms
4. ChapterG4:GResourcesGandGCapabilities
5. ChapterG5:GInternationalGTrade
6. ChapterG6:GForeignGDirectGInvestment
7. ChapterG7:GForeignGExchange
8. ChapterG8:GGlobalGandGRegionalGIntegration
9. ChapterG9:GTheGEntrepreneurialGFirm
10. ChapterG10:GForeignGMarketGEntry
11. ChapterG11:GGlobalGCompetitiveGDynamics
12. ChapterG12:GAlliancesGandGAcquisitions
13. ChapterG13:GStrategy,GStructure,GandGInnovationGinGMultinationals
14. ChapterG14:GMarketingGandGSupplyGChainGManagement
15. ChapterG15:GHumanGResourceGManagement
16. ChapterG16:GCorporateGFinanceGandGGovernance
GGGGGGGGGGGG ChapterG17:GCorporateGSocialGResponsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1 G
Table of ContentsG G
PurposeGandGPerspectiveGofGtheGChapter ............................................................................................................... 2
CengageGSupplements .................................................................................................................................................. 2
ChapterGObjectives.......................................................................................................................................................... 2
CompleteGListGofGChapterGActivitiesGandGAssessments ...................................................................................... 3
What'sGNewGinGThisGChapter ........................................................................................................................................ 3
OpeningGCaseGDiscussion:GEmergingGMarkets—Apple,GAmerica,GandGChina ............................................ 3
ChapterGOutline................................................................................................................................................................ 4
End-of-ChapterGGuide ................................................................................................................................................... 9
ReviewGQuestions........................................................................................................................................................ 9
CriticalGDiscussionGQuestions ............................................................................................................................... 11
GlobalGAction .............................................................................................................................................................. 12
ClosingGCase:GEmergingGMarkets—AreGUSGMultinationalsGGoodGforGAmerica? ................................ 12
Appendix...........................................................................................................................................................................14
GenericGRubrics .......................................................................................................................................................... 14
StandardGWritingGRubric ........................................................................................................................................ 14
StandardGDiscussionGRubric .................................................................................................................................. 14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
G G G G G
TheGpurposeGofGthisGchapterGisGtoGexploreGtheGconceptsGofGinternationalGandGglobalGbusiness.GFir
st,GweGdiscussGtheGimportanceGofGstudyingGglobalGbusiness.GThen,GweGdevelopGtheGunifiedGframe
workGusedGinGeachGchapter,GwhichGfocusesGlearningGonGoneGfundamentalGquestionGandGtwoGcoreG
perspectives—anGinstitution-basedGviewGandGaGresource-
basedGview.GNext,GweGexploreGtheGconceptsGofGglobalization,Gsemiglobalization,GandGriskGmanag
ement.GAsGaGbackdropGforGtheGremainderGofGtheGtext,GtheGGlobalGBusinessGandGGlobalizationGatGaG
CrossroadsGsectionGmakesGtwoGpoints:GFirst,GaGbasicGunderstandingGofGtheGglobalGeconomyGisGne
cessary.GSecond,GitGisGimportantGtoGcriticallyGexamineGyourGownGpersonalGviewsGandGbiasesGregar
dingGglobalization.GAdditionally,GweGoutlineGthreeGleadingGdebatesGconcerningGbusinessGandGglo
balization/deglobalization.GFinally,GweGexploreGtheGbroadGimplicationsGforGsavvyGmanagersGandGs
tudentsGforGtheGfutureGofGglobalGbusinessGinGaGlessGglobalGworld.
Cengage SupplementsG
TheGfollowingGproduct-
levelGsupplementsGprovideGadditionalGinformationGthatGmayGhelpGyouGinGpreparingGyourGcourse.GTh
eyGareGavailableGinGtheGInstructorGResourceGCenter.
• TransitionGGuideG(providesGinformationGaboutGwhat’sGnewGfromGeditionGtoGedition)
• Educator’sGGuideG(describesGassetsGinGtheGplatformGwithGaGdetailedGbreakdownGo
fGactivitiesGbyGchapterGwithGseatGtime)
• PowerPointG(providesGtext-basedGlecturesGandGpresentations)
• TestGBankG(containsGassessmentGquestionsGandGproblems)
• GuideGtoGTeachingGOnlineG(providesGinformationGaboutGtheGkeyGassetsGwithinGtheGproduc
tGandGhowGtoGimplement/facilitateGuseGofGtheGassetsGinGsynchronousGandGasynchronousGt
eachingGenvironments)
• AcceleratedGCourseGSyllabusG(providesGguidanceGonGtheGrecommendedGdeliveryGofGcours
eGmaterialsGgivenGaG5-week,G8-week,G12-week,GandG16-weekGcourse)
• MindTapGUserGGuideG(providesGinformationGonGhowGtoGnavigateGandGuseGMindTap)
Chapter Objectives
G
TheGfollowingGobjectivesGareGaddressedGinGthisGchapter:
1-1
ExplainGtheGconceptsGofGinternationalGbusinessGandGglobalGbusiness
.G1-2 GiveGthreeGreasonsGwhyGitGisGimportantGtoGstudyGglobalGbusiness.
1-3 ArticulateGoneGfundamentalGquestionGandGtwoGcoreGperspectivesGinGtheGstudyGofGglob
alGbusiness.
1-4 DescribeGtheGimportanceGofGglobalization,Gsemiglobalization,GandGriskGmanagement.
1-5 StateGtheGsizeGofGtheGglobalGeconomyGandGitsGbroadGtrendsGandGunderstandGyourGlikel
yGbiasGinGtheGglobalizationGdebate.
1-6 ParticipateGinGthreeGleadingGdebatesGconcerningGglobalGbusiness
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
Edition by Peng Mike. Complete Chapters
1 - 17
1 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,TABLE OF CONTENTS G G G
1. ChapterG1:GIntroduction
2. ChapterG2:GFormalGInstitutions:GPolitics,GLaws,GandGEconomics
3. ChapterG3:GInformalGInstitutions:GCultures,GEthics,GandGNorms
4. ChapterG4:GResourcesGandGCapabilities
5. ChapterG5:GInternationalGTrade
6. ChapterG6:GForeignGDirectGInvestment
7. ChapterG7:GForeignGExchange
8. ChapterG8:GGlobalGandGRegionalGIntegration
9. ChapterG9:GTheGEntrepreneurialGFirm
10. ChapterG10:GForeignGMarketGEntry
11. ChapterG11:GGlobalGCompetitiveGDynamics
12. ChapterG12:GAlliancesGandGAcquisitions
13. ChapterG13:GStrategy,GStructure,GandGInnovationGinGMultinationals
14. ChapterG14:GMarketingGandGSupplyGChainGManagement
15. ChapterG15:GHumanGResourceGManagement
16. ChapterG16:GCorporateGFinanceGandGGovernance
GGGGGGGGGGGG ChapterG17:GCorporateGSocialGResponsibility
2 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
,Chapter 1 G
Table of ContentsG G
PurposeGandGPerspectiveGofGtheGChapter ............................................................................................................... 2
CengageGSupplements .................................................................................................................................................. 2
ChapterGObjectives.......................................................................................................................................................... 2
CompleteGListGofGChapterGActivitiesGandGAssessments ...................................................................................... 3
What'sGNewGinGThisGChapter ........................................................................................................................................ 3
OpeningGCaseGDiscussion:GEmergingGMarkets—Apple,GAmerica,GandGChina ............................................ 3
ChapterGOutline................................................................................................................................................................ 4
End-of-ChapterGGuide ................................................................................................................................................... 9
ReviewGQuestions........................................................................................................................................................ 9
CriticalGDiscussionGQuestions ............................................................................................................................... 11
GlobalGAction .............................................................................................................................................................. 12
ClosingGCase:GEmergingGMarkets—AreGUSGMultinationalsGGoodGforGAmerica? ................................ 12
Appendix...........................................................................................................................................................................14
GenericGRubrics .......................................................................................................................................................... 14
StandardGWritingGRubric ........................................................................................................................................ 14
StandardGDiscussionGRubric .................................................................................................................................. 14
3 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
, Purpose and Perspective of the Chapter
G G G G G
TheGpurposeGofGthisGchapterGisGtoGexploreGtheGconceptsGofGinternationalGandGglobalGbusiness.GFir
st,GweGdiscussGtheGimportanceGofGstudyingGglobalGbusiness.GThen,GweGdevelopGtheGunifiedGframe
workGusedGinGeachGchapter,GwhichGfocusesGlearningGonGoneGfundamentalGquestionGandGtwoGcoreG
perspectives—anGinstitution-basedGviewGandGaGresource-
basedGview.GNext,GweGexploreGtheGconceptsGofGglobalization,Gsemiglobalization,GandGriskGmanag
ement.GAsGaGbackdropGforGtheGremainderGofGtheGtext,GtheGGlobalGBusinessGandGGlobalizationGatGaG
CrossroadsGsectionGmakesGtwoGpoints:GFirst,GaGbasicGunderstandingGofGtheGglobalGeconomyGisGne
cessary.GSecond,GitGisGimportantGtoGcriticallyGexamineGyourGownGpersonalGviewsGandGbiasesGregar
dingGglobalization.GAdditionally,GweGoutlineGthreeGleadingGdebatesGconcerningGbusinessGandGglo
balization/deglobalization.GFinally,GweGexploreGtheGbroadGimplicationsGforGsavvyGmanagersGandGs
tudentsGforGtheGfutureGofGglobalGbusinessGinGaGlessGglobalGworld.
Cengage SupplementsG
TheGfollowingGproduct-
levelGsupplementsGprovideGadditionalGinformationGthatGmayGhelpGyouGinGpreparingGyourGcourse.GTh
eyGareGavailableGinGtheGInstructorGResourceGCenter.
• TransitionGGuideG(providesGinformationGaboutGwhat’sGnewGfromGeditionGtoGedition)
• Educator’sGGuideG(describesGassetsGinGtheGplatformGwithGaGdetailedGbreakdownGo
fGactivitiesGbyGchapterGwithGseatGtime)
• PowerPointG(providesGtext-basedGlecturesGandGpresentations)
• TestGBankG(containsGassessmentGquestionsGandGproblems)
• GuideGtoGTeachingGOnlineG(providesGinformationGaboutGtheGkeyGassetsGwithinGtheGproduc
tGandGhowGtoGimplement/facilitateGuseGofGtheGassetsGinGsynchronousGandGasynchronousGt
eachingGenvironments)
• AcceleratedGCourseGSyllabusG(providesGguidanceGonGtheGrecommendedGdeliveryGofGcours
eGmaterialsGgivenGaG5-week,G8-week,G12-week,GandG16-weekGcourse)
• MindTapGUserGGuideG(providesGinformationGonGhowGtoGnavigateGandGuseGMindTap)
Chapter Objectives
G
TheGfollowingGobjectivesGareGaddressedGinGthisGchapter:
1-1
ExplainGtheGconceptsGofGinternationalGbusinessGandGglobalGbusiness
.G1-2 GiveGthreeGreasonsGwhyGitGisGimportantGtoGstudyGglobalGbusiness.
1-3 ArticulateGoneGfundamentalGquestionGandGtwoGcoreGperspectivesGinGtheGstudyGofGglob
alGbusiness.
1-4 DescribeGtheGimportanceGofGglobalization,Gsemiglobalization,GandGriskGmanagement.
1-5 StateGtheGsizeGofGtheGglobalGeconomyGandGitsGbroadGtrendsGandGunderstandGyourGlikel
yGbiasGinGtheGglobalizationGdebate.
1-6 ParticipateGinGthreeGleadingGdebatesGconcerningGglobalGbusiness
4 © 2023 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to
a publicly accessible website, in whole or in part.
