Volledige samenvatting van het vak Internationale Omgeving gegeven door de proffen Sascha Albers en Johan van Gompel.
Het eerste deel is in het Engels en het tweede deel in het Nederlands.
INTERNATIONALE OMGEVING
1. Stability and change in the international economic environment................................................................3
1.1. The firm as a resource transformation system, embedded in its environment............................................3
1.2. Globalization.................................................................................................................................................4
1.3. Conflicts exist despite (or because) the success of globalization..................................................................5
1.4. Rules and multilateralism as a way to handle different interests.................................................................5
1.5. Learning objectives and questions................................................................................................................6
2. The international business environment..................................................................................................... 7
2.1. Multinational enterprise...............................................................................................................................7
2.2. Key categories of country differences...........................................................................................................7
2.3. Tools that governments use to intervene in markets...................................................................................9
2.4. Why do governments intervene in markets?..............................................................................................10
2.5. Learning objectives and questions..............................................................................................................11
3. Role functioning and impact of international institutions..........................................................................13
3.1. Why and how were the three international institutions established?........................................................13
3.2. How do these institutions work in the international business environment?.............................................13
3.3. International Monetary Fund......................................................................................................................14
3.4. The World Bank...........................................................................................................................................16
3.5. The World Trade Organization....................................................................................................................18
3.6. Learning objectives and questions..............................................................................................................19
4. The European Business Environment: The EU and the project of European Integration.............................20
4.1. Economic integration..................................................................................................................................20
4.2. Economic Rationale for integration............................................................................................................21
4.3. European Union...........................................................................................................................................21
4.4. Single European Market SEM......................................................................................................................22
4.5. Learning objectives and questions..............................................................................................................24
5. Role, functioning and impact of the most important EU-institutions.........................................................25
5.1. United in diversity.......................................................................................................................................25
5.2. A unique structure of governance, sometimes adapted.............................................................................25
5.3. Laws and decision-making process in the EU..............................................................................................26
5.4. Learning objectives and questions..............................................................................................................28
6. Macro-economische veranderingen in de wereld: een inleidende kadering...............................................29
6.1. Macro-economische omgeving – de basics.................................................................................................29
6.2. Veranderingen in de omgeving – Panta Rhei..............................................................................................29
6.3. Onzekerheid van omgevingsfactoren – economisch voorspellen...............................................................30
1
,7. Internationale handel en de economie..................................................................................................... 34
7.1. Het belang van internationale handel........................................................................................................34
7.2. Macro-economisch evenwicht met vrije invoer en uitvoer.........................................................................34
7.3. Verklaringen voor internationale handel....................................................................................................35
7.4. Globalisering en de toename van de wereldhandel....................................................................................37
7.5. Vrije handel versus protectionisme: welvaartseffecten..............................................................................38
7.6. Cases: Brexit, handelsoorlog VS-China, sancties tegen Rusland.................................................................39
7.7. Vragen.........................................................................................................................................................39
8. Het internationale monetair stelsel.......................................................................................................... 40
8.1. De betalingsbalans......................................................................................................................................40
8.2. Wisselkoers en wisselmarkt........................................................................................................................42
8.3. Internationale monetaire stelsels...............................................................................................................43
8.4. Economische en monetaire unie Europa 1999............................................................................................45
8.5. Financieel-economische crisis 2007-2012...................................................................................................47
9. Europese economische integratie............................................................................................................. 49
9.1. Geschiedenis van de Europese economische integratie in een notendop..................................................49
9.2. De EMU en de euro.....................................................................................................................................50
9.3. Swot-analyse van de Europese (Monetaire) Unie.......................................................................................51
9.4. Aanhoudende divergentie in prestaties en onevenwichtigheden bemoeilijken verdere vooruitgang en
verdieping...........................................................................................................................................................52
9.5. De toekomst van Europa.............................................................................................................................52
10. Recente en actuele internationale economische situatie.........................................................................54
10.1. Conjunctuuranalyse en voorspellen in onzekere tijden.............................................................................54
10.2. Impact Covid-19 en oorlog in Oekraïne: internationaal perspectief.........................................................55
10.3. Impact Covid-19 en oorlog in Oekraïne: Belgische economie...................................................................55
2
,PART 1: MANAGEMENT
1. Stability and change in the international economic
environment
The international environment is extremely broad, and you can take different approaches on
it. We are looking at the effect of the environment on company decisions.
The international environment is difficult to forecast, the conditions are constantly changing.
We need to understand the importance of rules and international institutions for stability
and reliability of economic activities.
1.1. The firm as a resource transformation system, embedded in its
environment
A firm can be a system of automation, efficiency, with human resources as input.
The firm can be seen as a system of transformation activities.
⇨ Porter’s value chain = a tool to decompose the firm into a set of activities that are
needed to create value.
⇨ The supporting activities (top) enable the primary activities (bottom) which are directly
involved in turning input into output.
Primary activities:
- Inbound logistics
organize the inputs.
- Operations
production.
- Outbound logistics
getting it sorted and
sending it to distributors.
- Marketing & sales tell
people your products
exist.
- Service maintenance, exchange.
The firm is embedded in its environment, which consists of a set of relations.
A firm is not self-sustainable, it is dependent on other parties.
3
, There are a lot of different forces that have an influence on the firm:
1.2. Globalization
A lot of firms are not only national, but also face international environments. Being
international makes it more difficult but it also creates opportunities.
Firms can have different reasons to internationalize:
- Market-seeking globalization of markets
Exploring and discovering new market opportunities (at a reasonable cost)
Following customers (B2B changes into B2C, get in direct contact with your
customers. Customers are internationalizing.)
- Resource-seeking globalization of production
Exploiting factor-driven location advantages
Exploiting demand-driven location advantages
- Using global network globalization of markets and production
Global experience (knowing how customers in different countries think for example)
Economies of scale in productions, logistics, marketing, purchase/sourcing, and
technology
Mobility of production
Lowering risk
Product differentiation
A theory of internationalization is Dunning’s OLI:
The base exists of 3 classes of advantages (OLI) determining the motive (why), location
(where), and mode (how) of internationalization.
1) Why: ownership = nature and size of technological, managerial, financial, and marketing
advantages vis-à-vis domestic firms.
2) Where: location = combining ownership-advantages with immobile factors in a foreign
market (reflects location-specific advantages abroad).
3) How: internalization = advantages of internal coordination and control, and advantages
of combination with other assets of the firm.
These criteria help firms when they want to expand to new markets. Before expanding, the
firm wants to find out if he has an advantage. (example d18)
4
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper hannedierckx. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,99. Je zit daarna nergens aan vast.
