BMC5004



Business Environment In Asia

The objective of this module is to provide a foundation for the understanding of the economic and political environment of business. It starts with an overview of macroeconomic indicators and their determinants; the functioning of markets; the tools of macroeconomic management (monetary, exchange rate and fiscal policies); and industrial policy, especially the role of technology, externalities, market failures, imperfect competition, and strategic trade policy in influencing national competitiveness. The second part of this module presents an overview of the international political system, emphasizing international economic relations as they concern business executives rather than politicians and diplomats. Concepts covered include: the balance of power, national interest, sovereignty, international law, and diplomacy; prospects for world-order transformation; regional cooperation; North-South relations; technology transfer in the world economy; and the globalization of financial markets.

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