In the late 1940s, US State Department officials began campaigning for the establishment of an International Trade Organization (ICO). This new organization would oversee global negotiations on trade liberalization, foreign direct investment, cartels, and commodity agreements; and it would complement the IMF and the World Bank, both founded at the 1944 Bretton Woods Conference to …
In June 2017, the president of the United States issued a statement on his position on Cuba. Relationships Business leaders have been very vigilant as their actions could affect the weakening of relations between the United States and Cuba initiated by their predecessor in 2016. A recent MBA graduate in Canada and an avid cigar …
Examines the role of the General Mills Board of Directors in General Mills’ joint venture with Nestlé S.A. for the sale of cereals outside of North America. It raises the more general question of the proper role of the Board of Directors in formulating strategy.
This is a shortened version of note NR15021661.0. The focus of international trade negotiations used to be on quotas and tariffs, the amount of a certain product that could be imported, and the tariffs that were applied at the border. In the course of the deepest integration of the world economy, attention has shifted from …
In 2016, Midea Refrigerator was one of the leading Chinese refrigerator manufacturers and exporters. Despite its large global product market, the company’s development stalled. High export costs had become a disadvantage. Fierce global competition led Midea Refrigerator to choose Foreign Direct Investment (FDI) as the next strategic move, and China’s One Belt, One Road initiative …
Petrom was privatized by the Romanian state in 2004 and taken over by Austrian oil company OMV, and the state retained a 20.6% stake in the company. The situation was particularly challenging for the foreign investor, as the sector in which the company operated was strategic, regulated by the Romanian state, and the company was …
Additions The World Trade Organization: After the Seattle Protests.