Casandra R. Langley
MGT 6053 – Perspective International Business
Michael A. Rinkus
Lawrence Technological University
April 3, 2011
In the beginning of this course I was intimidated by the work load of weekly discussions, discussion modules, papers due the same week as modules, the WTO debate and finally the term paper due the same day as consolidation paper, but I completely enjoyed every minute of it. Yes that opening sentence is extremely long, but it is consistent with the course workload. This course is very business healthy and organized with an approach of reinforced course work load to keep us in tune with the topics of international business. The book for the course is very detailed as well and is consistent with the lectures and modules. I will go into detail about the information that benefits my professional outlook for international business and following that will be my opinion on global capitalism. All in all, the course provided me with positive insights on international management and what it entails in order for it to function.
In the past, my understanding about international business was something I had to learn quickly while I worked, causing me to miss all the nooks and crannies of political functionality. In this class, I acquired knowledge of national differences in politics, economics, ethics, strategy, structure and operations. I understand the purpose of balance of trading, which is the largest component of a country's balance of payments and the largest benefit for an economic unit. Until taking this course, I thought that the U.S. deficit was due to government officials being overpaid and stealing. However, I learned that the issue is more broader than that, which having a lack of export of goods to other countries the U.S. is loosing competition in the marketplace, with that being said the value of the dollar is decreased.
The U.S. market abilities is not...