Terrence Guay

Color portrait of Terrence Guay

Clinical Professor of International Business

Department Risk Management
Office Address 324 Business Building
Phone Number 814-865-8490
Email Address trg12@psu.edu

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Professor Terrence Guay joined the Smeal College of Business in 2004 as a Clinical Assistant Professor of International Business. Previously, he was a faculty member in the School of International Service at American University and the Maxwell School of Syracuse University. He served for six years as the Graduate Director of the Maxwell School's International Relations Program. He also was a Regional Visiting Fellow at Cornell University's Institute for European Studies, and a Regional Advisory Board Member for the European Union Center and the Center for West European Studies at the University of Pittsburgh. At Smeal, Professor Guay teaches Global Perspectives, International Business and National Policies, Business Environment of Europe, and Contemporary Issues in International Business. Prior to earning his Ph.D., Professor Guay completed the National Bank of Detroit's Commercial Loan Officer Training Program and worked as an Assistant Loan Officer.

Expertise

Professor Guay's research focuses on the competition between governments, international organizations, NGOs, and other non-state actors to shape business behavior and the international business environment. He has published or co-authored seven books and over 25 journal articles and book chapters on: the effects of government policies on the global defense industry; cooperation and competition in transatlantic economic relations; the impact of economic sanctions on international business; NGOs and corporate codes of conduct; corporate social responsibility; and corporate political strategy.

Education

Ph D, Political Science, Syracuse University, 1996

MA, International Relations, Syracuse University, 1992

MBA, International Business and Finance, The Ohio State University, 1989

BS, Industrial Distribution, Clarkson University, 1987

Courses Taught

BA 835 – Global Perspective (2)
This course starts with the reality that the United States is less influential in global trade, finance, economics, and business than it was in previous decades. Consequently, M.B.A. students need to be aware of the business environments of other countries, the influence of these countries in the global political economy, and new competitors emanating from other parts of the world. About two-thirds of the course is focused on understanding macroeconomic concepts, and analyzing the challenges and opportunities posed by some of the most important countries and regions and the companies headquartered there. Approximately one-third of the course examines global themes that affect virtually all companies, regardless of nationality. Companies that respond creatively to the challenges posed by technology, sustainability, demographic change, urbanization, civil society, and related issues are likely to be more successful than those that do not. The course uses an interdisciplinary approach to explore the dynamics of international business, globalization, and country/political risk. After reviewing important features of the international business landscape, we will examine the business environments of the world's major regions and select countries, particularly those where students will be going for Global Immersion, while surveying macroeconomic terms and concepts along the way. The course concludes by examining how transnational themes may affect international business in the coming years.

BA 836 – Global Immersion (1)
Global Immersion is designed around a visit to another economic region. In the past. MBA students have visited such countries as Belgium, Brazil, Chile, China, Czech Republic, France, Ireland, Turkey, and Singapore. In each country, students visit both local and multinational businesses to understand how a business gets established and run in another country; students also meet with industry and government officials to get their perspectives on the economic policies of the country. Each Immersion is coordinated by a faculty leader who plans the visit so as to appeal to a wide range of student interests.

IB 404 – Contemp Issues I B (3)
Investigation of issues in international business practice interpreted from the foundations of the social sciences. Topics will be chosen from contemporary issues in global business and economics. I B 404 Contemporary Issues in International Business (3) I B 404 enables students to study the most current topics in international and global business from the framework of the social science issues that form the framework for understanding, business decisions. The course provides structured experiences in library research and data gathering, techniques, and builds the habit of reading the international business press daily and analyzing it weekly. The class is typically organized around 3 integrative business topics that represent a spectrum of questions important to business. These include questions about finance and economics in international business, questions about people and organizations in an international environment, and questions about products (development, production, distribution of goods and services) in international business contexts. This is not an introductory course, and as such, the topics chosen should be substantive and nuanced. For example, one topic might be how the structure of franchises must be modified to reflect the property rights in a particular country, and how those property rights laws impact the value of the franchise. The second topic might be how the internationalization of the structure and role of Boards of Directors in multinational firms contribute to globalization, and challenge the cultural norms in those organizations The third topic might be how North American firms have been forced to adjust their product packaging, in response to environmental impact laws in Germany, and how this shifts the locus of the product message from point-of-purchase to alternative media.

IB 403 – I B and Natl Polcies (3)
Evaluation of national economic policies in the light of international economic theory; their impacts on operations of the international business firm. I B 403 International Business and National Policies (3) I B 403 integrates macro and micro analyses of the dynamics between international businesses/ multinational enterprises (MNES) and national Governments. Students who successfully complete I B 403 will acquire knowledge of and tools to understand, analyze and evaluate actions, theories and philosophies that influence home and host Government policies, the roles businesses play in shaping, these policies, and how policies and other factors shape competitive strategies of international business firms in the areas of trade, investment and other international economic activities.  Theories, Models and Policies - Country-based advantages Imperfect Competition, Barriers to Entry and Strategic Trade Policy  Competitive Analysis: Product Life Cycle and Porter Models  Integrating Market and Non-Market Strategy  Manipulating and Managing External Stakeholders Across Borders  Transitional Economies: Opportunities, Risks and Strategies  Strategies for Successful Foreign Direct Investment in China  Evaluating Opportunities and Risks in Global Industries  Privatization of Telecommunications  Economic Integration: the Case of Europe  Industrial Policy, Foreign Direct Investment and Economic Growth  Foreign Market Entry Strategies for Regulated Industries  Industrial Policy and International Competition  International Competition in Services Industries  Update on U.S. and EU policies in the Airline Industry and Impacts on Industry Structure and Firm Strategy.

IB 450 – Bus Env of Europe (3)
This course provides an overview of the economic, institutional, and regulatory environment in Europe at the EU and national levels. IB 450 The Business Environment of Europe (3) This course provides an overview of the business, economic, and regulatory environment in Europe at the European Union (EU) and national levels. The course examines how regional integration, through the EU, has shaped industrial, competition, monetary, and related economic policies, and how Europe's international trade and finance capabilities affect the global economy. As a result, a significant part of the course focuses on the evolution of the EU, its institutional structure, and its impact on business (both European and foreign). The course also compares business-government relations, models of capitalism, and corporate governance in individual European countries, using the United States as a basis of comparison. Particular attention is given to France, Germany, Ireland, and the United Kingdom, and how their business environments differ from each other.While the primary focus of this seminar will be on these themes, we will use articles from the Financial Times and similar publications as the basis of discussion in each class for a range of topics related to Europe. The approach taken in this course is a multidisciplinary one, with the assumption that business executives must understand the political, cultural, institutional, historical, and geographic aspects of Europe if they are to be successful in the business environment of Europe.Students are expected to be active participants in class discussion. Readings usually will include a textbook, readings packet, and a subscription to the Financial Times . Evaluation will be based on a combination of participation and attendance, exams, quizzes, a group project, and essay assignments.

IB 399 – Foreign Studies (3)
Courses offered in foreign countries by individual or group instruction.

I B 399 – Foreign Studies (3)
Courses offered in foreign countries by individual or group instruction.

B A 535 – Global Perspectives (1)
An overview of the global business environment.

I B 404 – Contemporary Issues in International Business (3)
Investigation of issues in international business practice interpreted from the foundations of the social sciences. Topics will be chosen from contemporary issues in global business and economics.

I B 403 – International Business and National Policies (3)
Evaluation of national economic policies in the light of international economic theory; their impacts on operations of the international business firm.

I B 450 – The Business Enviornment of Europe (3)
This course provides an overview of the economic, institutional, and regulatory environment in Europe at the EU and national levels.

B A 532 – Global Business Environment (1)
An introduction to worldwide economic trends and economic problems with an emphasis on how businesses cope with global business problems.

I B 494H – Honors Research Project (Variable)
Supervised honors student research projects identified on an individual or small-group basis.

B A 499 – Foreign Study--Business Administration (3)
Study in selected countries of business institutions, functions, and current business problems.

I B 403H – International Business and National Policies (3)
Evaluation of national economic policies in the light of international economic theory; their impacts on operations of the international business firm.

I B 496 – Independent Studies (variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

I B 499 – Foreign Studies (3)
Courses offered in foreign countries by individual or group instruction.

I B 497A – Business Environment of Europe (3)
Using a multidisciplinary approach, this course provides an overview of the business, economic, and regulatory environment in Europe at the European Union and national levels.

I B 296 – Independent Studies (variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

Selected Publications

Guay T., "Free Trade Agreements and Regional Trade Agreements with Third Counties and European Business." The Routledge Companion to European Business, (Routledge), 2019, pp. 148-158, Invited.
Guay T., "Economic Sanctions." SAGE Encyclopedia of Business Ethics and Society, 2nd ed, (Sage), 2018, pp. 1026-1028.
Guay T., "Rise of China." SAGE Encyclopedia of Business Ethics and Society, 2nd ed, (Sage), 2018, pp. 462-465.
Guay T., "Emerging Powers and Future Threats: Implications for the U.S. and Global Defense Industry." (U.S. Army War College Strategic Studies Institute), 2017, ssi.armywarcollege.edu/pubs/display.cfm?pubID=1344.
Guay T., Damro C., "European Competition Policy and Globalization." (Palgrave/MacMillian), 2016, www.palgrave.com/us/book/9780230293878.
Guay T., "The Business Environment of Europe: Firms, Governments, and Institutions." (Cambridge University Press), 2014, www.cambridge.org/gb/academic/subjects/management/international-business/business-environment-europe-firms-governments-and-institutions?format=PB.
Guay T., "The Defense Industrial Base in an Age of Uncertainty." The CIP Rerport, vol. 12, no. 10, 2014, cip.gmu.edu/the-cip-report/162-2/, Invited.
Guay T., Damro C., "Transatlantic Merger Relations: The Pursuit of Cooperation and Convergence." Journal of European Integration, vol. 34, no. 6, 2012, pp. 643-661.
Guay T., "Global Trade." Routledge Handbook of American Foreign Policy, (Routledge), 2011, pp. 393-405.
Guay T., "European Community as Peaceful Model." International Encyclopedia of Peace, (New York: Oxford University Press), vol. 2, 2010, pp. 105-108.
Guay T., Dahan N., Doh J., "Marketing's Corporate Responsibility." Encyclopedia of Marketing, (John Wiley & Sons, Ltd.), vol. 6, 2010, pp. 161-172.
Guay T., "Foreign Sales Corporation (FiSC)." Encyclopedia of Business in Today's World, (Sage), vol. 2, 2009, pp. 702-703.
Guay T., "Globalization and the Transatlantic Defense Industrial Base." UNISCI Discussion Papers, vol. 19, 2009, pp. 86-109.
Guay T., Doh J., "The Changing Global Political and Institutional Environment." Handbook of International Marketing, (Sage), 2008, pp. 36-54, Invited.
Guay T., Globalization and its Implications for the Defense Industrial Base, (U.S. Army War College Strategic Studies Institute), 2007, pp. 79, ssi.armywarcollege.edu/pubs/display.cfm?pubID=756.
Guay T., "US States and the Global Economy: Trends and Policies in the Mid-Atlantic and Midwest." Small and Medium-Sized Enterprises and the Global Economy, (Edward Elgar), 2007, pp. 249-265, Invited.
Guay T., Doh J. P., "Corporate Social Responsibility, Public Policy, and NGO Activism in Europe and the United States: An Institutional-Stakeholder Perspective." Journal of Management Studies, vol. 43, no. 1, 2006, pp. 47-73
Special Issue on Corporate Social Responsibility: Strategic Implications.
Guay T., Dahan N., Doh J. P., "The Role of Multinational Corporations in Transnational Institutional Building: A Policy-Network Perspective." Human Relations, vol. 59, no. 11, 2006, pp. 1571-1600.
Guay T., "The Transatlantic Defense Industrial Base: Restructuring Scenarios and their Implication." (U.S. Army War College Strategic Studies Institute), 2005, pp. 34, ssi.armywarcollege.edu/pubs/display.cfm?pubID=601.
Guay T., "Defense Industry Developments in the US and Europe: Transatlantic or Bipolar?." Journal of Transatlantic Studies, vol. 3, no. 1, 2005, pp. 139-157.
Guay T., Doh J. P., "Globalization and Corporate Social Responsibility: How Nongovernmental Organizations Influence Labor and Environmental Codes of Conduct." Management International Review, vol. 44, no. 2, 2004, pp. 7-29
Lead Article.
Guay T., Doh J. P., Sinclair G., "Nongovernmental Organizations, Shareholder Activism, and Socially Responsible Investments:." Journal of Business Ethics, vol. 52, no. 1, 2004, pp. 125-139.
Guay T., Callum R., "The Transformation and Future Prospects of Europe’s Defense Industry." International Affairs, vol. 78, no. 4, 2002, pp. 757-776.
Guay T., "Local Government and Global Politics: The Implications of Massachusetts’ ‘Burma Law’." vol. 115, no. 3, 2000, pp. 353-376.
Guay T., "The United States and the European Union: The Political Economy of a Relationship." (Sheffield Academic Press (now Continuum)), 1999, pp. 134
Book is the eighth in a series on modern Europe by the University Association for Contemporary European Studies (UACES).
Guay T., "At Arm’s Length: The European Union and Europe’s Defence Industry." (Macmillan Press and St. Martin's Press), 1998, pp. 219.
Guay T., "Public Policies and Corporate Strategies: A Post-Cold War View from Europe." The Defense Industry in the Post-Cold War Era: Corporate Strategies and Public Policy Perspectives, (Pergamon), 1998, pp. 89-102, Invited.
Guay T., "The European Union, Expansion of Policymaking, and Defense Industrial Policy." Journal of European Public Policy, vol. 4, no. 3, 1997, pp. 404-421.
Guay T., "Integration and Europe’s Defense Industry: A ‘Reactive Spillover’ Approach." Policy Studies Journal, vol. 24, no. 3, 1996, pp. 404-419.

Research Impact and Media Mentions

"How a messy Brexit could hit U.S. businesses", CBS News, Web
"Brexit: An 'Escape Room' with No Escape", The Conversation, Web
"Arms sales to Saudi Arabia give Trump all the leverage he needs in Khashoggi affair", The Conversation, Web
""How populism explains May’s stunning UK election upset: Experts react" ("For US companies, it's business as usual")", The Conversation, Web
""Britain’s Summer of Discontent Reflects Worst of Times"", The Conversation, Web
"“Love it or Leave it: Why the UK’s Brexit Vote should Matter to Americans”", The Conversation, Web
""Global Crises and Economic Growth Drive Rising U.S. Weapons Sales"", Fast Company, Web
""US Remains Top Arms Exporter, but Russia is Nipping at its Heels"", The Conversation, Web

Editorship

UNICSI Journal, Editorial Board, January 2004 - Present