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RSM2123H – International Business in the World Economy

General Information


Promotional Video

Applicable Emphases:
(m) = Main, (s) = Supplemental

  • Global Management (s)

Applicable Major(s):
(c) = Core, (r) = Recommended

  • Global Management (c)

Instructor Bios

Bernardo Blum is an Associate Professor of Economic Analysis and Policy and Director of the Institute for International Business at Rotman. Bernardo’s research falls into three broad areas: international trade, where his work examines the determinants of international trade patterns and the economic institutions that facilitate trade; urban economics, where his work examines the impact of urban agglomeration on the productivities of, and so returns to, different kinds of skills; and the determinants of income inequality.

Walid Hejazi is an Associate Professor of Economic Analysis and Policy. He has researched, advised, and testified extensively on global competitiveness, and is currently working on a series of studies which shed light on the competitiveness and productivity of Canadian firms. He teaches Macro and Global Economics in Rotman’s MBA and EMBA programs. He has delivered lectures in over 30 countries and has taken students on study tours across the Middle East and India.


This course is offered in the Winter Intensive term and meets on January 4, 5, 6, 7, 9, 10 11, 12, and 13 from 7:00am-9:30am. This course will involve extensive group work.

Course Mission

While the course has several themes, at its core is the development of an understanding of the sources of comparative advantage, and the kinds of goods and services that are consistent with these advantages. We focus on how hard it is for companies to trade, and why that is.  What is it that allows Canadian companies to compete in the global economy? How do companies design strategies to enter foreign markets?  And directly related to this is, how to design global sourcing strategies to enable an ability to compete in the global marketplace?  We also consider the emergence of many economies and implications for global trade and global supply chains. What are the implications of rising costs in many emerging markets such as China and Vietnam on global sourcing strategies? What lessons have been learned from the pandemic for global supply chains and their resilience? Consideration is also given to the UN’s Sustainable Development Goals and the impact globalization on the achievement of these goals. Finally, we analyze the rise in populism, protectionism and trade wars, and implications for international trade and global supply chains.

Evaluation and Grade Distribution

Case Solutions 1: Group Submission10%
Case Solutions 2: Group Submission10%
Peer Feedback10%
Final Group Project: Paper Submission, PPT, and Presentation30%
Final Exam – Saturday, January 14, 202340%

Required Resources

This course will use a variety of sources that will be made available in a course reading package. These will include extensive background data, news articles, and video interviews to provide a fuller picture of a complex business situations.

Last Updated: 2022-09-28 @ 11:36 am