International Business

An International Business Masters: Success in a Borderless Economy

 

Rapidly advancing technologies offer businesses the chance to enjoy an international presence. In line with the increasing opportunities for businesses to conduct their affairs on a global scale, there is a growing demand for expertly qualified individuals who understand the intricacies of international business practices.

It is unlikely that a bachelors degree on its own will suffice to launch an executive level career in international trade. Although there are certain elements of business studied at an undergraduate level that will put a student in good stead for a future career in the field of international trade, the majority of recruiters will require applicants to be educated at a graduate level. A Masters in International Business offers a focused route to becoming the type of applicant that business leaders want to hire.

MBA/MIB courses in this area will typically include study of the core subjects involved in any masters program. Each college and university is different, but core subjects generally include such topics as financial reporting and analysis, the legalities of operating a business, and managerial economics. Following completion of requisite courses, students will move on to specialize in the various aspects of corporate management at an international level. These may include such subjects as international trade laws, global logistics, and foreign market investments. It is also likely that students will be expected to achieve competency in one or more foreign languages. Internships at companies based overseas may be offered.

Where to Study a Masters in International Business

Many business schools offer electives in the […]

As U.S. Imports from China Intensify so does CBP Enforcement

Co-authored by Michael De Biase. 

With the concentration of US imports from China increasing in parallel with intellectual property rights seizures, companies rely heavily on the government, specifically on US Customs and Border Protection (“CBP”) to help protect and enforce their intellectual property rights (“IPR”).

According to Global Sources, a leading business-to-business media company and a primary facilitator of trade with Greater China, “US imports from China [are] more concentrated than ever“.

Data from the U.S. Department of Commerce establishes that importation into the U.S. is a concentrated field, with the top 500 U.S. importers – 0.4 % of all importers – comprising roughly 68% of all imports by value in 2010. Imports from China, although somewhat less concentrated, are still dominated by larger enterprises, as companies with more than 500 employees – 4% of all importers from China – account for 60% of all imports from China. As concentration increases, the opportunity to trade in quantities that take advantage of China’s economies of scale decrease; thus, heightened concentration is not a good thing for Chinese manufacturers.

While the import concentration from China is growing, CBP is reporting a record number of IPR seizures. From 2010-2011 alone, IPR seizures increase by 24%, and have nearly doubled since 2009. Considering that China is the number one source company of imports, it should come as no surprise that it also accounts for the largest number of IPR seizures, with 62% of […]

Made in China, Sold in America

This weekend, I visited both Lowe’s and Home Depot looking for some new plants for my backyard. As I walked by all the newly arrived Christmas merchandise, I casually picked up a few to see where they were made.  You guessed it, from Santa to Rudolph, one by one they all clearly stated “Made in China”. I finally did find one item that stated “Assembled in USA from foreign and domestic components.” I was getting frustrated. After all, as a customs and international trade attorney for the past 20 years, including the first 5 as an attorney for U.S. Customs, I have made a living doing international trade. I wondered, what happened to our balance in international trade? What happened to “Made in America”?

Everyone knows that mountains of Chinese goods are daily shipped to and sold in the United States, but what about the reverse.  Fortunately, I also have that perspective, as I visit the People’s Republic of China (PRC) at least once a year for U.S. based clients importing from China or Chinese companies selling to the United States. I travel to China on an airplane, am transported to the hotel by car, and sometimes go down to the bar to have a drink.  The plane is made by Boeing, the car is a Ford, the hotel is a Sheraton, and the drink is a rum and Coke (Bacardi and Coca-Cola).  All of those iconic names are pure Americana. 

With 1.4 billion people in China, no wonder American companies,and the rest of […]

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