I.C Peng answers

Topics: Human resources, Human resource management system, Case analysis Pages: 34 (14076 words) Published: October 16, 2014
GLOBAL BUSINESS Integrative Case Notes

Analysis: China’s emergence as a significant economic power is an excellent basis for discussing what can happen in terms of economic development. You might have a discussion in class as to the extent that economic development can occur in the poorest nations on earth.

Answers to Questions:
1. What role do institutions play in economic development?
The student should have no problem identifying roles but help them to see that roles could be both positive and negative. Furthermore, the application of that role may vary based on time, culture, and circumstances.

2. What is behind the differences in economic development between North and South America?
The student will likely find it easier to explain the differences in terms of institutions rather than resources. While some resources in South America have not been properly developed, the student should be able to explain how that lack of development is most often due to institutions.

3. Some argue that a democratic political system is conducive to economic growth. How does the experience of recent Chinese economic development support or refute this statement?
Whether the focus is on all of mainland China (PRC) or Hong Kong that was integrated into the PRC, economic development has occurred in spite of a lack of democracy. On the other hand, Taiwan (ROC) has had a relatively democratic country and has enjoyed economic growth. The student should be challenged in whatever response is given and asked if perhaps other aspects such as culture affect whether democracy is best suited to providing the environment needed for economic growth.

4. If you were a policymaker in a poor country or a World Bank official, what would be your advice, based on North’s article and China’s experience, for the most effective economic development?
This is a question in which the answer is not as important as the thought process and the ability to clearly articulate.

Analysis: The major objectives of the case are:
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GLOBAL BUSINESS Integrative Case Notes

To develop an understanding of various types of corruption, as well as the concept of corruption in general
To promote discussion of corruption, independent and not independent of its valueladen connotations To illustrate the difficulties of dealing with corruption for the uninformed, using the simple example of the practice of tipping

To understand the difficulties and costs that corruption presents to the conduct of business transactions in a country

In this case, we see a radical difference in perceptions and values. Ask your students as to whether those doing business in another nation should be bound the values of that nation or this nation. Try to develop a common ground understanding of the definition of corruption, before moving to its evaluation. Given the sensitivity and emotive content of corruption, students can be vocal and quick to voice conclusions and opinions. Although such enthusiasm can be useful, it is advisable to restrain this discussion until the appropriate groundwork is laid for the discussion.

Answers to Questions:
1. What is the definition of corruption? Is tipping in the private sector corruption? Why or why not?
The case clearly brings out the reality that the definition of corruption varies in different cultures. Students who might feel that tipping in the private sector is not corruption might want to consider instances in which its purpose it to get an employee to do something for the tipper at the expense of the tipped person’s expense such as information concerning the employers’ plans and strategies. 2. Why do Mr. Lee, Mr. Biswas, and Mr. Lai have such difficulty understanding the practice of tipping?...
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