国际商务管理41048

1、管理学院国际商务管理课程试题(A 卷 )共 4 页第 1 页考试说明 ：本课程为闭卷考试，可携带文具 (或本课程为开卷考试，可携带号座文具和资料 ) ，满分为：100分。题号一二三四五六七总分得分-一、名词解释（每题5 分，共 20 分）-1.非股权安排-师 -2.欧洲货币市场-教 -3.掠夺性定价-课 -4.购买力平价授 -二、简答（每题15 分，共 30 分）-线1.简述国际生产折衷论的主要内容-2.简述企业国际化的四种战略模式及其与组织结构的关系-名 -三、案例分析（ 15 分）姓 -A、B 为某跨国公司的两家子公司， A 公司提供 B 公司生产所需的中间产品，-以下是两个公司的基本财务

2、指标：-调整前调整后-订-财务项目AB合并数财务项目AB合并数-销售收入100015002500销售收入80015002300-减：制造成本50010001500减：制造成本5008001300-其他费用250250500其他费用250250500-号 -税前收益250250500税前收益50450500学 -装税金12550175税金2590115-税后收益125200325税后收益25360385-表中所说“调整”的具体涵义是什么？其目的何在？（5 分）-具体调整方法是什么？你能推知 A、B 两公司所处地区的税率吗？ （ 5 分）-级 -跨国公司可以在任意两个子公司间开展此类调整吗？（5

3、分）-年 -业 -专 -选授课教师命题教师或邓晓辉院系负责人签优命题负责人签字2008年6 月日字年月日中国海洋大学2007-2008 学年 第 2 学期 期末考试试卷共 4 页第 2页四、阅读与分析（ 35 分）阅读以下英文报道并以中文回答问题。号What Tata Tells Us号座By MATTHEW J. SLAUGHTERYesterday Ford Motor Company announced it will sell its Jaguar and Land Rover divisions toIndia's Tata Group. Upon the closingof

4、this transaction, the many Ford associates currentlyworking in these divisions in the United States will join the ranks of Americans who work at师insourcing companies - i.e., at U.S. affiliates of foreign multinational firms.-教Foreign direct investment (FDI) has long been a source of strength for the

5、 American economy.师课-In 2005, insourcingcompanies employed nearly5.1 millionAmericans,4.4%ofthe教授-课 -private-sector laborforce.Beyond theiremployment, insourcingcompaniesperformlarge-授 -amountsof thecrucialactivities that make theirworkers andthe overalleconomymore-productive. Theyinvestinphysical c

6、apital andinresearch and development,and theyhelp-connect the U.S. to the global economy throughinternational trade. The bottom lineis larger-paychecks. In 2005, compensation per worker at insourcing companies was $66,042 - 31.8%-线名 -above the average for the rest of the private sector of $50,124.-姓

7、 -名-线What is notable about the Tata transaction is not its incremental addition to these numbers, but-线-its demonstration of two critical but little-known aspects of insourcing: how and from whom it姓 -arises.-Considerfirst the howquestion. Howdo foreign multinationals undertake new FDIinto the-订U.S.

8、? Itis well knownthat newFDIcan come via"greenfield"investmentsthat buildnew-businesses fromscratch. Thinkphotoopportunitiesof business executivesand government-订officials turning fresh dirt with shiny shovels.-学号 -订-号-But foreign multinationalscan also merge with,oracquire partor all of,a

9、n existingU.S.-学company. Greenfieldinvestments canprotect proprietary technologies. Acquisitions can yield-quickerpresence, andcanbuild ontarget-firmassets such ascustomerconnectionsand-装managerial talent.-So what do the data show? From 1987 through 2006, the U.S. received a lot of greenfield FDI:-装

10、X -$220 billion worth. But over that same period, it received $1.78 trillion of new FDI via mergers-装X -X-and acquisitions (M&A) with existing U.S. businesses. M&A activity, not greenfield investment,X-级XX-is far and away thepredominant method foreign companies use to invest in the U.S. It a

11、ccountsX年-for more than 88% of new FDI in the U.S. over the past two decades. M&A transactions have业专-been essential for insourcing companies to expand in - and generate benefits for - the U.S.选级-年-优业 -专 -管理学院国际商务管理课程试题(A 卷)共4页第3页选-优The second key feature of insourcing that the Tata transaction

12、underscores is who does it. For many decades, the bulk of FDI into the U.S. flowed from other high-income countries such as Germany, Japan and the United Kingdom. But in recent years there has been a rise of FDI from multinational firms based in developing countries such as China and India. In 2006,

13、 outward M&A transactions by Indian companies totaled $23 billion, more than five times the 2005 total and approximately 20 times the annual total in 2000.Two major forces are driving this FDI wave. One is sustained, rapid economic growth in developing countries. This strong growth has fostered

14、new world-class companies that are now expanding abroad into America for reasons that include serving the world's largest and most-stable single-country market.The other major force driving this FDI wave is the evolving pattern of global imbalances. The U.S. current-account deficit has grown dra

15、matically in recent years. At $739 billion in 2007, it now accounts for about 70% of the world's total. At the same time, the collection of offsetting, current-account-surplus countries has expanded to include fast-growth countries such as China, Russia and Saudi Arabia. Some of the expanding as

16、set purchases of these new surplus countries are taking the form of insourcing M&A.So FDI arises overwhelminglyvia M&Atransactions and increasingly from new sourcecompanies and countries. In recent U.S. policy discussions about inward FDI, however,these facts have largely been ignored. Inste

17、ad, many voices are calling for new restrictionson inward M&A - especially on transactions from nontraditional countries. All this, despitethe sound operations of the Committee on Foreign Investment in the U.S., which for ageneration has capably reviewed insourcing M&A transactions for possi

18、ble national-securityrisks.There is no law of physics that the U.S. will continue receiving transactions like Tata's. The world has recently enjoyed some of strongest, most widely shared growth ever seen - in large part due to dramatically liberalized trade and investment regimes. For globally e

19、ngaged companies like Tata, all this means an ever-wider range of countries in which they can expand. For the U.S., all this means stiffer competition to attract and retain these companies. TheU.S. share of global FDI inflows has already been declining for decades: from 31.5% in 1988-1990 to 24% in

20、1998-2000 and to just 16% in 2003-2005.American policy makers should strive to make the U.S. a premier location for the dynamic, high-productivity activities of globally engaged companies - both insourcing companies and U.S. multinationals alike. To truly be such a location would require dramatic pr

21、ogresson many fronts: renewing the president's trade promotion authority; resuscitating the World Trade Organization's Doha Development Round; passing comprehensive immigration reform. But to start such a journey with a single step, let us all pause to appreciate yesterday's good news fr

22、om Tata.Mr. Slaughter is associate dean and professor at the Tuck School of Business at Dartmouth, research associate at the National Bureau of Economic Research, andsenior fellow at the Council on Foreign Relations. From 2005 to 2007 he was a member on the Council of Economic Advisers1. 请为上文做 500 字左右的中文摘要。（ 8 分）2. greenfield investment 和 acquisition 分别是什么投资方式？二者的优劣何在？其在美国吸引外资中的地位如何？（ 6 分）3. 进入美国的 FDI 资金从何而来？造成这一结果的原因何在？（ 6 分）4. 外国直接投资给美国经济带来哪些好处？又存在什么威胁？文章作者认为美国政策层应该如何应对现在的外资格局？（ 9 分）5. 你认为中国政府和中国企业从这篇文章中能够获得什么启示？（6 分）出师表两汉：诸葛亮