International business : concept, environment and strategy / Vyuptakesh Sharan.

Format:

Book

Author/Creator:

Sharan, Vyuptakesh, author.

Language:

English

Subjects (All):

International business enterprises.

India--Economic conditions--21st century.

India.

Physical Description:

1 online resource (628 pages)

Edition:

Third edition.

Place of Publication:

Delhi, India ; Chennai, India ; Chandigarh, India : Pearson, 2010.

System Details:

text file

Summary:

International Business by Sharan is written in a pragmatic way with an inclination on managerial aspect, thus encouraging students to explore international business as a career choice. It deals with the latest topics and development which we are witnessing around the globe. It attempts to impart the core body of knowledge in international business in an interesting and lively manner. This text not only describes the ideas of international business but it also uses contemporary examples, scenarios, and cases to help students effectively put theory into practice.

Contents:

Cover

Contents

Preface to the Third Edition

Preface

About the Author

Part I: Concept of International Business

Chapter 1: Overview of International Business

1.1 The Concept and Process of Globalisation

1.1.1 Meaning

1.1.2 Evidence

1.1.3 The Impact

1.2 Meaning and Importance of International Business

1.3 Domestic Business Versus International Business

1.4 Multinational Corporation

1.5 Evolution and Development of International Business

1.5.1 Process of Evolution

1.5.2 Early Developments

1.5.3 Post-War Developments

1.5.4 Recent Trends

1.6 Factors Leading to Growth in International Business in Recent Decades

1.7 Structure of Book

Summary

Review Questions

Objective Type Questions

Case Study

References

Select Further Readings

Chapter 2: Modes of International Business

2.1 Determinants of Entry Mode

2.2 Trade Mode

2.2.1 Direct and Indirect Export

2.2.2 Counter-Trade

2.3 Contractual Entry Modes

2.3.1 Licensing

2.3.2 Franchising

2.3.3 Management Contracts

2.3.4 Turnkey Projects

2.4 Foreign Investment

2.4.1 Foreign Portfolio Investment and Foreign Direct Investment

2.4.2 Mergers and Acquisitions (M&As)

2.5 Strategic Alliance

2.6 Fdi Compared with Trade

2.7 Fdi Compared with Contractualentry Mode

2.8 Greenfield Investment (GI) Versus M&as

2.8.1 Substitutability between GI and M&as

2.8.2 Differing Impact of GI and M&as

Chapter 3: Theories of International Trade

3.1 Mercantilists' Version

3.2 Absolute and Comparative Advantage

3.2.1 Theory of Absolute Advantage

3.2.2 Ricardian View of Comparative Advantage

3.2.3 Comparative Advantage Based on Opportunity Cost.

3.2.4 Production Possibilities Schedule

3.2.5 Static and Dynamic Gains from Tradere-Examined

3.3 Factor Proportions Theory

3.3.1 Heckscher-Ohlin Theorem

3.3.2 Factor Price Equalisation

3.3.3 Leontief Paradox

3.3.4 Distribution of Income

3.4 Neo-Factor Proportions Theories

3.5 Country Similarity Theory

3.6 Intra-Industry Trade

3.6.1 Nature of Intra-Industry Trade

3.6.2 Measures of Intra-Industry Trade

3.6.3 Gains from Intra-Industry Trade

3.7 Trade in Intermediate Products and Services: Outsourcing

3.7.1 Outsourcing and Off-Shoring

3.7.2 Bases of Outsourcing

3.7.3 Gains from Outsourcing

3.7.4 Outsourcing of Services

3.8 the National Competitive Advantage

3.9 Terms of Trade

Study Topic

Chapter 4: Theoretical Framework of Foreign Direct Investment

4.1 Theories of FDI

4.1.1 Macdougall-Kemp Hypothesis

4.1.2 Industrial Organisation Theory

4.1.3 Location-Specific Theory

4.1.4 Product Cycle Theory

4.1.5 Internalisation Approach

4.1.6 Eclectic Paradigm

4.1.7 Currency Based Approaches

4.1.8 Politico-Economic Theories

4.1.9 Modified Theories for Third World Firms

4.2 Benefits and Costs of FDI

4.2.1 Benefits to the Host Country

4.2.2 Benefits for Home Country

4.2.3 Cost to the Host Country

4.2.4 Cost to Home Country

4.3 M&as and the Value of the Firm

4.4 Control of MNCs

4.4.1 Conflicts with Home Country and Measures of Control

4.4.2 Conflict with the Host Government and the Measures of Control

4.4.3 Code for Control At the International Level

Case Study 1

Case Study 2

Chapter 5: Balance of Payments

5.1 Structure of Balance of Payments.

5.1.1 Current Account Transactions

5.1.2 Capital Account Transactions

5.1.3 Official Reserves Account

5.2 Equilibrium, Disequilibriumand Adjustment

5.2.1 Accounting Equilibrium

5.2.2 Disequilibrium and the Focus of Adjustment

5.3 Different Approaches to Adjustment

5.3.1 the Classical View

5.3.2 Elasticity Approach

5.3.3 Keynesian Approach

5.3.4 Monetary Approach

Part II : International Business Environment

Chapter 6: National Regulation of International Business

6.1 Free Trade Versus Protection

6.1.1 Case for Free Trade

6.1.2 Arguments for Protection

6.1.3 Move from Inward-Looking to Outward-Looking Trade Policy Regimes

6.2 Forms of Trade Regulation at the National Level

6.3 Instruments of Trade Regulation

6.3.1 Tariff

6.3.2 Quota

6.3.3 Subsidies

6.3.4 Dumping

6.3.5 Some Other Forms of Non-Tariff Barriers

6.4 Regulation of FDI

6.4.1 Rationale Behind Regulation

6.4.2 Modalities of Regulation in Host Country

6.4.3 Modalities of Regulation in Home Country

Chapter 7: Multilateral Regulation of Trade and Investment

7.1 Basic Principles of Multilateral Trade Negotiations

7.2 Gatt and Its Early Rounds

7.3 Uruguay Round

7.3.1 Main Features

7.3.2 Agreements At the Uruguay Round

7.4 World Trade Organisation

7.4.1 Basic Difference between GATT and WTO

7.4.2 Organisational Structure

7.4.3 Functions of the WTO

7.4.4 Settlement of Disputes

7.4.5 Challenges Before WTO

7.5 WTO and India

7.6 United Nations Conference on Tradeand Development (UNCTAD)

7.6.1 Origin of Unctad.

7.6.2 Major Areas of Negotiations

7.6.3 Some Recent Developments

Chapter 8: Regional Economic Integration

8.1 Levels of Economic Integration

8.2 Benefits and Cost of Economic Integration

8.2.1 Trade Creation and Trade Diversion

8.2.2 Inter-Commodity Substitution and Consumption Gains

8.2.3 Trade Deflection in a Free Trade Area

8.2.4 Dynamic Effects

8.2.5 Collective Self-reliance

8.2.6 Increased Foreign Direct Investment

8.2.7 Polarisation of Benefits

8.3 Some Economic Integration Schemes

8.3.1 The European Case

8.3.2 The American and Caribbean Schemes

8.3.3 Integration Schemes in Africa and the Middle-East

8.3.4 Economic Co-Operation Schemes in Asia and Pacific

Chapter 9: Political and Legal Environment

9.1 Concept of Political Environment

9.1.1 Political Diversity and Political Similarity

9.1.2 Democracy Versus Totalitarianism

9.2 Home Country Perspective

9.3 Host Country Perspective

9.3.1 Meaning and Forms of Political Risk

9.3.2 Evaluation of Political Risk

9.3.3 Management of Political Risk

9.4 Legal Environment

9.4.1 Legal System

9.4.2 Principles of International Business Law

9.4.3 Wide Variance in National Business Laws and the Issue of Legal Standardisation

Chapter 10: Economic Environment

10.1 Forms of Economic System

10.2 Preliminary Economic Indicators

10.2.1 Level of Income and Its Distribution

10.2.2 Inflation

10.2.3 Consumption Behaviour.

10.2.4 Availability of Human and Physical Resources

10.2.5 Network of Infrastructure

10.2.6 Fiscal, Monetary, and Industrial Policies

10.2.7 Strength of External Sector

10.3 Process of Analysing Economic Environment

Chapter 11: Socio-Culturaland Ethical Environment

11.1 Concept of Culture

11.1.1 Meaning of Culture

11.1.2 Elements of Culture

11.2 Cultural Diversity

11.2.1 Basis of Cultural Diversity

11.2.2 Diverse Culture and Competitive Advantage

11.3 Management of Cultural Diversity

11.3.1 Two Schools of Thought

11.3.2 Management Process

11.4 Ethics and Social Responsibility

11.4.1 Concept

11.4.2 Normative and Relative Ethics

11.4.3 Some Ethical Issues in International Business

Chapter 12: International Financial Environment: Exchange Rate

12.1 International Monetary System

12.1.1 Early System

12.1.2 Bretton Woods System of Exchange Rates

12.1.3 Exchange Rate Regime Since 1973

12.2 Exchange Rate Quotation

12.2.1 Direct and Indirect Quotes

12.2.2 Buying and Selling Rates

12.2.3 Forward Rates

12.2.4 Cross Rates

12.3 Determination of Exchange Ratein Spot Market

12.3.1 Process of Determination

12.3.2 Factors Infl Uencing Exchange Rate

12.4 Exchange Rate Determination in Forward Market

12.4.1 Interest Rate Parity Theory

12.4.2 Covered Interest Arbitrage

12.5 Theories of Exchange Rate Behaviour

12.5.1 Balance of Payments Approach

12.5.2 Monetary Approach of Flexible Price Version

12.5.3 Monetary Approach of Sticky-Price Version

12.5.4 Portfolio Balance Approach

12.6 Exchange Rate Forecasting.

12.6.1 Relevance of Exchange Rate Forecast.

Notes:

Includes bibliographical references.

Description based on: online resource; title from pdf title page (Safari, viewed October 21, 2019).

ISBN:

9789332501027

9332501025

OCLC:

1024277313