International Aspects of Logistics
• Globalisation trends (hyperglobalisation, slowbalisation, de-globalisation) • Trade relations worldwide, especially trade relations EU/Asia(China)/U.S. • Transport modes of international transport • International trade agreements • International trade routes • Incoterms • Documents in international trade and international transport • Risk management in trade and transport • Internationalization strategies in business • Alternatives to internationalization in business • Ecommerce in international trade • International trade and economic growth in Asia • International trade and its social and environmental impact • Transaction cost theory, principal agency theory
Language of instruction
After successful completion of the course, students are able • to name and understand the trends of globalisation (hyperglobalisation, slowbalisation, de-globalisation) (1,2), • to understand the basic meaning of international trade, foreign direct investments (FDI) and geopolitics between major political players and their interests, in particular U.S., EU, China and other relevant Emerging Markets (1, 2), • to explain, verify and analyze the most important sources, streams and sinks of most traded and transported goods and their mode of transport (2, 3, 4), • to name and explain most common international trade agreements (1, 2), • to name, explain and analyze the tasks and role of the most important institutions in international trade, e.g. WTO, Worldbank, IMF (1, 2, 3, 4), • to explain the outsourcing of processes of western countries to Asia and the subsequential rise of international transport (2), • to name and explain the most common INCOTERMS in international trade and its consequences on the organization of transport chains (1, 2), • to understand and explain the complexity of multimodal transport chains, especially how trade and transport documents are used and handled (2), • to explain measures of risk management in international trade and its consequences for domestic business and its basic theoretical foundations from a cost and control aspect (transaction cost theory, principal agency theory) (1, 2), • to explain and understand alternatives of expanding businesses beyond national borders (internationalization) such as o export/trade o licensing o franchising o joint venture o subsidiary (1, 2), • to understand and to explain the prerequisites and possibilities of Ecommerce in international trade (1, 2), • to evaluate possible developments of international trade, especially digitalization/automation of international transport: goods flow and information flow (5), • to explain international trade and its consequences on social and ecological sustainability (2), • to develop alternative supply chain scenarios due to current risks in supply chains and supply chain management (6).