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International Business Courses

IBUS 381 International Business Environment
Units: 1
Description
Introduction to field of international business: national economic and cultural differences; international trade policies and institutions; foreign direct investment; regional economic integration; international monetary system; global competition; current international business trends and developments.
Prerequisites
At least junior standing.

IBUS 387 Cross Cultural Awareness
Units: .25
Description
Mechanism through which students can gain insights about their level of cultural adaptability in order to enhance their ability to interact with persons from other cultures and to effectively function socially and professional in the global economy. The short-term objective of the course is to enhance the study abroad experience. The longer¿term objective is to help them function more effectively domestically and globally in multicultural environments.
Prerequisites
Concurrent enrollment in study abroad.

IBUS 388 Selected Topics in International Business
Units: .5-1
Description
Examination of major area of international business not routinely studied in other courses.
Prerequisites
Permission of instructor.

IBUS 389 Directed Independent Study
Units: .5-1
Description
Independent research on an international business topic conducted under the direct supervision of a faculty member.
Prerequisites
Permission of the instructor.

IBUS 390 International Business Issues
Units: 1
Description
Examination of a variety of international business issues. Recent topics have been national competitiveness and the global imperative; the truth about outsourcing. Specific topic determined by professor and announced during the registration period.

Spring 2016 - Issues in International Business: Falling BRICS?

The big story in international business for the last 20 years had been the emergence of what have been called the BRICS (Brazil, Russia, India, China, South Africa) countries or Big Emerging Market countries into the global market economy. Some of these emerged from the very poor, less developed nation group (Brazil, India), some from the “Second World” of planned economies (Russia), some from both (China) – and one from political and economic isolation for ideological reasons (South Africa). As these countries grew through the 1990s and 2000s, they provided a massive increase in demand in world markets – almost half the world population lives in one of these countries or one of the inconveniently named (Mexico, Turkey, etc.) but equally notable emerging markets – and drove economic growth globally through various ups and downs in the industrial world. However, since the economic crash of 2008, all of these countries have struggled. Russia is turning to a nationalistic authoritarianism, Brazil is enmeshed in debt and corruption, India seems culturally incapable of responding to apparent opportunity, South Africa is retreating into crime, tribalism, corruption at the top, and a institutional resistance to offering benefits to the poor. Even China has seen its growth rate drop, its currency devalue from market pressures, its foreign exchange reserves fall, and most recently its equity markets implode.

The issue for the seminar is what has happened in and to these countries and how this has impacted international business. Are the problems internal or derived from external pressures? Can they be corrected? With or without fundamental institutional changes? What are the effects of this sudden reversal of fortune among all of the BRICS simultaneously on the world economy? How do they affect each other? The developed world? The less developed world? How are all these macro-economic, political, social, and institutional changes affecting the international strategies of global companies, as their markets dry up, their supply chains are disrupted, and their competitive positions across many countries are scrambled? You will be encouraged to focus on one of the BRICS or similar countries, describe how it “emerged” and what its current situation is, and analyze how its position in the world economy has changed. You will be expected to further address how recent changes at the national level have affected business development in and from these countries and impacted the opportunities for trade and investment by multinational firms from elsewhere.

Prerequisite(s): Departmental approval required.

At least junior standing; other prerequisites may be specified by instructor.

Prerequisites
At least junior standing; other prerequisites may be specified by instructor.

IBUS 411 International Business Strategy
Units: 1
Description
Capstone course for the international business concentration. Readings and in-depth case studies on strategy formulation and implementation in the global business area. Emphasis on emerging competitive trends such as transnational enterprises and collaborative international business arrangements. This course may be completed in lieu of BUAD 497 Strategic Management.
Prerequisites
International Business 381 and senior standing.

International Business

Robins School of Business
1 Gateway Road
University of Richmond, VA 23173

Associate Dean for International Programs
Thomas Cossé, Ph.D.
Queally 291A
(804) 289-8572
tcosse@richmond.edu

International Business & Residency Coordinator
Fae Bell
Queally 291B
(804) 287-6651
fbell@richmond.edu

Administrative Assistant, International Business Programs
Kim Duren
Queally 291
(804) 289-8264
kduren@richmond.edu