A study of the theories of global competition and the strategies corporations use in competing in foreign markets. The role of multilateral organizations such as the World Trade Organization, the United Nations Global Compact, and the International Chamber of Commerce is explored. Through case studies, students learn about the political, cultural, environmental, legal, and ethical dilemmas that corporations encounter when operating in foreign markets. Some of the stylized concepts that business executives and political economists use in analyzing the dynamics of the global economy are discussed. Prerequisite: ECON*200 or ECON*201. Distribution Requirements: IP.