international business law preface 2011
TRANSCRIPT
World TradeBULW 5380 Introduction
What is International B-Law?
It generally encompasses the following:
• International Trade• Licensing (principally
intellectual property issues)• Direct investment (MNC
issues)
The Economics of International Trade
• Absolute Advantage• Comparative Advantage• The key to both is this -
specialization creates efficiencies
Is Specialization Such a Good Thing?
NY Times, January 10, 2010, “Multicultural Critical Theory. At B-School?” By LANE WALLACELearning how to think critically — how to imaginatively frame questions and consider multiple perspectives — has historically been associated with a liberal arts education, not a business school curriculum, so this change represents something of a tectonic shift for business school leaders. Mr. Martin even describes his goal as a kind of “liberal arts M.B.A.”
Many nations prefer “generalists” to specialists, because, as they say on THE CLOSER: “When you’re a hammer, everything looks like a nail.”