Global Business Environment

General Course Information

Classroom Location: Blended /TBA

Course Lecturer Name(s): Dr. Reccia Charles  

Course Director Name: Dr. Reccia Charles  

Course Lecturer(s) Contact Information: Phone: 444.4175 ext 3260, Fax: 473.444.1655, Email:  

Course Director Contact Information: Phone: 444.4175 ext 3260, Fax: 473.444.1655, Email:   

Course Lecturer(s) Office Hours: By appointment via Zoom   

Course Director Office Hours:  M/W/F:11a-12:30 & 3p-4:30p, T/Th: 4p-5p  

Course Lecturer(s) Office Location: Windward Hall 2nd Floor  

Course Director Office Location: Windward Hall 2nd Floor

Course Support: Mahalia Charles X3863 

Course Management tool: To learn to use Sakai, the Course management tool, access the link  

Online Classroom:  

Course Curriculum Information

Course Description:

This course explores the global forces shaping Caribbean and international business. The course considers the macro-business environments of the Caribbean region through the exploration of globalization, political systems, major world economies, and the formation of trade blocks and the regulation of trade. This course provides an inter-disciplinary overview of the main theories and issues related to the performance of the Caribbean in the global economy.  The course will emphasize and analyze the causes and consequences of the 2008 global economic and financial crisis from alternative theoretical perspectives as well as the emergence of China and other countries as key players in the global and Caribbean economies.  Other issues to be studied include a brief overview of free trade theories,  the role of the WTO, climate change and global warming, economic integration and the challenges faced by the European Union, CARICOM and the CSME, the power and influence of multinational companies, foreign exchange markets and currency manipulations, the growing power of drug traffickers and organized crime, the search for more effective approaches to combat hunger and underdevelopment, the need to ensure sustainability and protect the environment, the political economy of migration and tourism, and other related issues.

Course Objectives: 

  1. Acquire a thorough understanding of the process of globalization.
  2. Understand the main arguments of the critical approaches to globalization.
  3. Develop an understanding of the impact of a diverse and changing macro-international environment on the Caribbean organization.
  4. Discuss the regulatory, political and economic frameworks that Caribbean and international organizations have to work within.
  5. Highlight the benefits/issues of trading internationally and the goals of regional/international trade groups
  6. Discuss the world economy and the issues faced using the macro-economic frameworks that underpin the global economy.
  7. Discuss the Caribbean organization in the context of international markets and the global competitive environment.

Student Learning Outcomes:

  • Demonstrate a thorough understanding of the process of globalization
  • Critique the main arguments of the dominant approaches to globalization
  • Discuss the classical liberalism and neoliberal perspectives on trade and protectionism
  • Critique the Marxist, mercantilist and feminist perspectives on capitalism, globalisation and financial crises
  • Understand free trade theories, various types of protectionism and the role of the WTO
  • Evaluate the achievements and current challenges of the European Union, CARICOM/CSME Understand the use of trade as a foreign policy tool
  • Assess the international financial system, the role of the IMF and the causes and consequences of the 2008 global crisis
  • Demonstrate an understanding of  the role of currency manipulation in the global economy (the dollar, the Euro, the Real and the Renminbi)
  • Explain the emergence and importance of the BRIC countries
  • Identify the political economy angles of innovation and technological change
  • Evaluate alternative theories and policies for achieveing development, sustainability and povety alleviation
  • Discuss the debate over climate change and global warming
  • Assess the growing challenges  posed by the illicit global economy, brain drain and tourism
  • Evaluate the net impact of multinational corporations
  • Understand the role of social entrepreneurship

Program Outcomes Met by This Course:

Gen Ed: Critical Thinking; Global Learning; Ethical Reasoning & Action; Inquiry, Analysis, & Problem Solving; Knowledge of Caribbean Society; Oral Communication; Teamwork. 


  • Demonstrate effective written and oral communication skills. (ISLO 3)
  • Critically think, motivate and collaborate to solve business problems. (ISLO 4)

SAS Grading Scale: Grades will be assigned as follows:  


A  = 89.5% or better

B+ = 84.5 - 89.4%

B  = 79.5 - 84.4%

C+ = 74.5 - 79.4%

C = 69.5 - 74.4%

D = 64.5 - 69.4%

F = 64.4% or less 

Course Materials:

Required Text:

• GBE Handouts (Location: Sakai Modules)

Supplementary Readings/Resources:

The Economist (found in Founders Library)

The Financial Times (online)


In addition to the main text, the lecturer will distribute reading materials to generate discussion. Students are expected to read links, websites and case studies added at the end of each chapter which support the principles and ideas presented in the chapters.  Course Requirements and Percent of Grade: Composition of final grade:

Midterm (I)       


Final (I)             


Group Project (G) 


Assignments (G)



KEY: (I) = Individual Activity (G) = Group Activity

  1. This is a seminar course. Students must keep up with the readings in both the text and the reading volume, and be prepared to discuss the material in class on the assigned days. Read critically, evaluating in light of your own experience and knowledge. Each of you has much to contribute and I expect you to do so! Attendance is mandatory.
  2. Midterm and Final exams. The midterm and final exams are a mix of multiple choice / Short answer items.
  3. Assignments. Assignment teams will be made up of 2-3 students each. There are 4 assignments worth 5% each. Each assignment is due at the end of each module. This team class exercise is designed to provide you with a sound understanding of each module. Your team assumes the role of lead consultants that will advise the class on the critical issues presented, and explicitly considering and rejecting alternative sides of the issue because of the analysis, the sources (real & fake).
    The teams will be advising the class via a short 2-page brief. All students must keep up with the readings in both the text and the Sakai reading modules, and be prepared to discuss the assigned reading material and cases in class. Read critically, evaluating in light of your own experience and knowledge.
  4. Group Project Presentation. Trade Fair – The New Stars of the Global Economy.

This team project is designed to provide you with a sound understanding of how all aspects of the macroeconomic environment intersects with the country environment and the business environment.

Specifically, you will act as your chosen country’s Secretary of Trade and try to attract Foreign Direct Investment (FDI).  As such you will need to discuss concepts like but not limited to: economic, geographic, demographic, social-cultural, political, legal, infrastructure, financial and business stability. The final presentations will be due April 15 via the Sakai Dropbox. Teams will be made up of 2-3 students each.

  1. Country Selection

Select a country that the other teams in the class have not selected.

  1. Pitch Selection

You will have access to Audio-Visual Equipment, and a table on the presentation day.

  1. Pitch Strategy

After selecting a country, you can begin devising a strategy to successfully market the country to potential investors. You should draw on the material covered in class and carefully lay out a complete Investment package. Your final presentation will include a 6-foot table that you can decorate as you deem appropriate as well as the audio-visual equipment for your use. The Trade Fair will be presented formally during week 15. The Presentation will be 15 to 20 minutes in length. The written materials (the PowerPoint) should be free of grammatical errors, spelling errors, and typos, and should follow consistently a standard reference format (APA Style); the report should be documented and the bibliography should be comprehensive, from a variety of sources, and with an emphasis placed on recent sources (at least 5 ranging from 2013 onwards). Students are required to provide periodic updates to the instructor prior to the submission of the final projects.

The panel of investors will vote in three different categories:

  • Best Investment Opportunity
  • Best Pitch
  • Best in Show

Tentative Course Schedule:


Readings: Book Chapters/Cases/Sakai Reading Module Location.


Sakai Module 1


Sakai Module 1


Sakai Module 1 


Sakai Module 2 


Sakai Module 2


Sakai Module 2


Sakai Module 2


Midterm Exam




Sakai Module 3


Sakai Module 3


Sakai Module 3


Sakai Module 3


Sakai Module 3


Sakai Module 4


Sakai Module 4/Project Presentations (Project DUE)


Final Exam


Module 1

  • Internationalization & Globalization: History of International business, trends from local, regional and international markets. What is international political economy? Geo politics/supranational organizations.
  • Alternative perspectives on globalization: The world's economies and international integration
  • "Laissez-Faire": the economic liberal perspective
  • Understanding the 2008 global financial crisis and its impact on Caribbean Economies
  • Wealth and power: the mercantilist perspective
  • Economic determinism and exploitation: the structuralist perspective
  • Alternative perspectives on international political economy
  • Constructivist and feminist perspectives 

Module 2

  • The production and trade structure
  • The international monetary and finance structure (IMF & World Bank)
  • The changing role of the dollar and the euro
  • The debate over the undervaluation of the renminbi and its implication for international trade
  • International debt and financial crises - the Caribbean in comparative perspective 
  • The global security structure
  • The knowledge and technology structure

Module 3

  • The 'development' conundrum: choice amidst constraints & the international competitive environment
  • Regionalism: toward a more 'perfect' European Union & CARICOM
  • Moving into position: the rising powers
  • China, India, Brazil and Russia (The BRICs) and the world economy
  • The Middle East & China: the quest for development and democracy

 Module 4

  • The illicit global economy: the dark side of globalization

  • Migration and tourism: people on the move, population demographics and the 'brain drain'

  • Transnational corporations: the governance of foreign investment

  • Food and hunger: market failure and injustice

  • Oil and energy: dependency and resources curses

  • The environment: steering away from global disaster

  • Climate change and global warming

School of Arts and Sciences Master Syllabi — Info for All Sections

Plagiarism Policy

Academic Integrity

The St. George’s University Student Manual (2019/2020) states as follows:

Plagiarism is regarded as a cardinal offense in academia because it constitutes theft of the work of someone else, which is then purported as the original work of the plagiarist. Plagiarism draws into disrepute the credibility of the Institution, its faculty, and students; therefore, it is not tolerated” (p. 48).

Plagiarism also includes the unintentional copying or false accreditation of work, so double check your assignments BEFORE you hand them in.

Be sure to do good, honest work, credit your sources and reference accordingly and adhere to the University’s Honor Code. Plagiarism and cheating will be dealt with very seriously following the university’s policies on Plagiarism as outlined in the Student Manual.

Your work may be subject to submission to plagiarism detection software, submission to this system means that your work automatically becomes part of that database and can be compared with the work of your classmates.

Attendance Requirement

The St. George’s University Student Manual (2019/2020) states as follows:

Students are expected to attend all classes and or clinical rotations for which they have registered. Although attendance may not be recorded at every academic activity, attendance may be taken randomly. Students’ absence may adversely affect their academic status as specified in the grading policy. If absence from individual classes, examinations, and activities, or from the University itself is anticipated, or occurs spontaneously due to illness or other extenuating circumstances, proper notification procedures must be followed. A particular course may define additional policies regarding specific attendance or participation” (p. 9).

Examination Attendance

The St. George’s University Student Manual (2019/2020) states as follows:

All matriculated students are expected to attend all assigned academic activities for each course currently registered. Medical excuses will be based on self-reporting by students. Students who feel they are too sick to take an examination or other required activity on a specific day must submit the online SAS medical excuse, which is available on Carenage. Students are only allowed two such excuses a year. Upon consultation with the Director of University Health Service, the third excuse will result in a mandatory medical leave of absence. The policies regarding make-up examinations are at the option of the Course Director” (p.46).

For additional specific examination policies and procedures, refer to the St. George’s University Student Manual (2019/2020), pages 31 through 37.

Student Accessibility and Accommodation Services Policy

The St. George’s University Student Manual (2019/2020) states as follows:

A student with a disability or disabling condition that affects one or more major life activities, who would like to request an accommodation, must submit a completed application form and supporting documentation to the Student Accessibility and Accommodation Services (SAAS) located in the Dean of Students Office. It is highly recommended that students applying for accommodations do so at least one month before classes begin to allow for a more efficient and timely consideration of the request. If a fully completed application is not submitted in a timely fashion, an eligibility determination may not be made, and accommodations, where applicable, may not be granted prior to the commencement of classes and/or examinations” (p. 8).


It is the responsibility of the student to read and understand the policies, laws, rules and procedures that while they could affect your grade for a course, have not been specifically outlined in the course syllabus. These are contained in the St. George’s University Student Manual.