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Solution Manual for Introduction to Global Business 3e Julian E. GasparJames W. KolariKatherine T. SmithLeonard BiermanL. Murphy SmithAntonio Arreola-Risa

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  • November 7, 2024
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Instructor Manual: Gaspar, Introduction to Global Business: Understanding the International Environment & Global
Business Functions 2023, 9780357717011; Chapter 1: The Rise of Globalization




Instructor Manual
Gaspar, Introduction to Global Business: Understanding the International Environment & Global
Business Functions 2023, 9780357717011; Chapter 1: The Rise of Globalization

Table of Contents
Purpose and Perspective of the Chapter ............................................................................... 2
Cengage Supplements ........................................................................................................ 2
Chapter Objectives ............................................................................................................. 2
Complete List of Chapter Activities and Assessments ............................................................. 2
Key Terms ......................................................................................................................... 3
What's New in This Chapter ................................................................................................ 4
Chapter Outline ................................................................................................................. 5
Discussion Questions .........................................................................................................11
Additional Activities and Assignments..................................................................................13
Additional Resources .........................................................................................................15
MindTap Changes .................................................................................................................................... 15
Appendix ..........................................................................................................................16
Generic Rubrics ....................................................................................................................................... 16
Standard Writing Rubric .......................................................................................................................... 16
Standard Discussion Rubric ..................................................................................................................... 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.

, Instructor Manual: Gaspar, Introduction to Global Business: Understanding the International Environment & Global
Business Functions 2023, 9780357717011; Chapter 1: The Rise of Globalization



Purpose and Perspective of the Chapter
The purpose of this chapter is to show that we live in a highly integrated and interdependent
world. Business has become increasingly global in nature, and the success of business depends
on the domestic economic environment and on developments abroad. Globalization
encompasses the reform process, that is, economic and social policy changes that most
countries participate in by eliminating barriers to trade, investment, culture, information, and
political divisions that separate countries. This has led to closer integration and interdependence
of nations of the world and has resulted in faster economic growth, rising incomes, and better
living standards in those countries.

Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
 Instructor’s Manual. The Manual now delivers an in-depth connection to the MindTap.
By bringing these connections to the surface, instructors will now be better prepared to
offer support for these activities. An exhaustive list of every MindTap activity is included,
along with seat time and associated Learning Objectives.
Now included are additional activities to engage students with discussion questions, ice
breakers, case studies, and social learning activities that may be conducted in an on-
ground, hybrid, or online modality.
 Cengage Learning Testing Powered by Cognero. Questions have been updated to
match updates in the text.
 PowerPoint Lecture Presentation. Presentations are now closely tied to the Instructor
Manual, providing ample opportunities for generating classroom discussion and interaction.
They offer ready-to-use, visual outlines of each chapter, which may be easily customized for
your lectures. We’ve included new engagement slides including Icebreakers, Polling
Activities, Discussion Activities, and Knowledge Checks.

Chapter Objectives
The following objectives are addressed in this chapter:
1.1 Explain the characteristics of globalization and describe how it functions.
1.2 Identify how major international institutions facilitate globalization.
1.3 Evaluate the need for strong and transparent institutions to adapt to global competition.
1.4 Describe the key policy measures that make globalization sustainable.
1.5 Describe the role of information technology n bridging the global digital divide.
1.6 Describe the validity of the anti-globalization argument.
1.7 Explain the case made to temporarily support those people negatively affected by
globalization.

Complete List of Chapter Activities and Assessments
For additional guidance refer to the Teaching Online Guide.
Chapter Objective PPT slide Activity/Assessment
1.1 2 Icebreaker: Discussion


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.

, Instructor Manual: Gaspar, Introduction to Global Business: Understanding the International Environment & Global
Business Functions 2023, 9780357717011; Chapter 1: The Rise of Globalization


1.1, 1.2 6 Activity 1: Breakout Group Discussion

1.1 12 Activity 2: Written Reflection
1.3 20 Activity 3 Think, Pair, Share
1.4 21 Activity 4: Discussion Activity 1
1.5 23 Activity 5: Polling/Discussion
1.5 27 Activity 6: Discussion Breakout Groups
1.1-1.5 30 Knowledge Check
1.1-1.5 31 Knowledge Check: Answer
[return to top]

Key Terms
Accountability: A system of responsibility in which an authority, such as the government, is
answerable for its actions.

Adaptive institutions: Government organizations that create strong incentives for private
investment and operate under a system of checks and balances.

Antitrust laws: National laws aimed at maintaining competition in all sectors of the economy
and preventing monopolistic behavior of firms.

Bandwidth: The amount of data and other information that can be transferred in a second via
the Internet.

Capital markets: A stock exchange where long-term financial instruments such as stocks and
bonds can be issued, bought and sold.

Decoupling: A fundamental global shift in which industrialized country-dependent developing
economies begin to grow based on their own underlying economic strengths rather than the
ups and downs of the world’s richest countries.

Digital era: The period of transformation that adjusts lifestyles to make the Internet and
wireless technologies a part of everyday life.

Digital divide: The perceived economic gap between countries or people with easy access to
digital and information technology (and its benefits) and those with very limited access, or none
at all.

Economic reforms: Economic policy changes that promote private sector development,
competitive markets, market pricing, freer trade, and deregulation.

Emerging economies: Countries that are implementing more open trade and free-market
policies.

Globalization: The socioeconomic reform process of eliminating trade, investment,
information technology, and cultural and political barriers across countries, which in turn can
lead to increased economic growth and geopolitical integration and interdependence among
nations of the world.




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.

, Instructor Manual: Gaspar, Introduction to Global Business: Understanding the International Environment & Global
Business Functions 2023, 9780357717011; Chapter 1: The Rise of Globalization


Institutions: The rules, enforcement mechanisms, and organizations that support market
transactions.

International monetary system: The system of exchange rates and international payments
that enables countries and their citizens to purchase goods and services from one another.

Liberalization of the trading system: Lowering and/or removing trade barriers such as
tariffs, quotas, and subsidies.

Multipolar world: A world economy in which the engines of growth could comprise several
major industrialized and emerging economies, such as the United States, the European Union,
China, India, Brazil, Russia, and South Africa rather than the United States alone.

Sustainable development: Economic development that meets the needs of the present
generation without compromising the ability of future generations to meet their own needs,
whether environmentally, socially, or economically.

The Web: The world wide web, abbreviated ―www‖ and commonly known as the web; a
system of interlinked documents contained and accessed via the Internet.

Transparency: A system of full disclosure and openness that aims to avoid any semblance of
corruption and cronyism.



[return to top]

What's New in This Chapter
The following elements are improvements in this chapter from the previous edition:
Global Updates
 Introduced a thorough analysis of the impact of COVID-19 on all aspects of conducting
business globally, i.e., from macro issues like inflation, international trade and capital
flows including their effects on globalization, geopolitics, and culture on the one hand
and micro or firm-level issues such as impact on global production, reduced manpower,
supply chain breakdown and corporate and government financial support on the other
 Discussions on the magnitude of world-wide government support and private sector
resilience, especially in the use of available information technology to offset the
pandemic’s impact at all levels of global business operations and economic growth
 Enhanced the understanding of the rise of China and their global business and
geopolitical implications
 Introduced discussions of ESG (Environmental, Social and Governance) metrics and
issues as they relate to companies conducting business globally in an ethical fashion
 Complete revision of all chapters with updated information and current data from most
reliable and respected global sources
 Updated pictures in all chapters to reflect contemporary global developments and issues
 New/revised/updated end of chapter questions
New in Chapter 1
The Rise of Globalization



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.

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