International Business.

Format:

Book

Author/Creator:

Varma, Sumati.

Sumati Varma

Series:

Always learning.

Always learning

Language:

English

Subjects (All):

International business enterprises.

Business--Textbooks.

Business.

International economic relations.

Globalization.

Physical Description:

1 online resource (313 pages)

Edition:

2nd ed.

Place of Publication:

Noida : Pearson India, 2015.

Summary:

The book follows a clearly formulated methodological structure to introduce the student to the subject. It follows a comprehensive, logical, graded approach based on the concept, environment, structure and strategy of International Business. It looks at the widest possible gamut of issues in the area to give the student an idea of the broad spectrum of issues that subject covers. It incorporates leading-edge research, alongside up-to-date examples and current statistics tracking global developments in this field. It also has the broadest possible geographical coverage as it explores emerging business practices in Africa, TNCs from Latin America and the emergence of new geographies such as Vietnam, Indonesia and Turkey. To provide a well-rounded perspective in a topic, it emphasizes the associated conceptual debates along with the facts. In addition, it incorporates several pedagogical features designed to arouse the interest of students.

Contents:

Cover

Copyright

Dedication

Contents

Preface

About the Author

A01_INTE1689_FM

Chapter 1_FUNDAMENTALS OF INTERNATIONAL BUSINESS

INTRODUCTION

ELEMENTS OF GLOBALIZATION

Economic Globalization

Cultural Globalization

Political Globalization

INTERNATIONAL BUSINESS

GROWTH OF INTERNATIONAL BUSINESS

Economic Forces

Political Forces

Technological Forces

INTERNATIONAL VERSUS DOMESTIC BUSINESS

MOTIVES FOR FIRM INTERNATIONALIZATION

MODES OF ENTRY

Trade-related Entry Modes

Contractual Entry Modes

Investment-related Entry Modes

EMERGING TRENDS IN INTERNATIONAL BUSINESS

FDI Moves in Search of Energy

Pharmaceutical FDI Moves in Response to the 'Patent Cliff'

Mega-regional Agreements

Key Terms

Discussion Questions

Chapter 2 POLITICAL ECONOMY OF INTERNATIONAL BUSINESS

ECONOMIC ENVIRONMENT

Economic Systems

Economic Indicators

Economic Growth

Economic Development

POLITICAL ENVIRONMENT

Political Ideologies and Systems

Political Risk

INTERNATIONAL BUSINESS NEGOTIATION

Objectives of International Business Negotiation

Bargaining Power of the TNC

Chapter 3 THE INTERNATIONAL CULTURALAND LEGAL ENVIRONMENT

ELEMENTS OF CULTURE

Language

Non-verbal Communication

Religion

Values and Attitudes

Customs and Manners

Aesthetics

LEGAL ENVIRONMENT

Global Legal Systems

Legal Jurisdiction

ETHICS IN INTERNATIONAL BUSINESS

KEY Terms

Chapter 4_INTERNATIONAL TRADE THEORIES

Introduction

International Trade Theories

Mercantilist Doctrine

Classical Approach

Factor Proportions Theory

Leontief Paradox

Linder's Income-preference Similarity Theory

Product Life-cycle Theory

The New Trade Theory.

National Competitive Advantage

Theory Assessment

DEVELOPMENTS IN WORLD TRADE

Volume of Trade

Composition of World Trade

Direction of World Trade

Service Trade

Chapter 5 COMMERCIAL POLICY INSTRUMENTS

Government intervention in trade

Economic Rationale

Non-economic Rationale

INSTRUMENTS OF TRADE CONTROL

Tariff Barriers

Non-tariff Barriers

ANALYSIS OF INDIA'S FOREIGN TRADE

Volume of India's Foreign Trade

Composition of India's Foreign Trade

Direction of India's Foreign Trade

Chapter 6 MULTILATERAL REGULATION OF TRADE

General Agreement on Tariffs and Trade (GATT )

Objectives and Principles

Uruguay Round

GATT : An Evaluation

World Trade Organization (WTO )

WTO AGREEMENTS

General Agreement on Trade in Services (GATS )

Agreement on Trade-related Aspects of IntellectualProperty Rights (TRIPS)

Agreement on Trade-related Investment Measures (TRIMS)

ORGANIZATIONAL STRUCTURE OF WTO

Principles of WTO

Most-Favored-Nation (MFN)

National Treatment

FUNCTIONS OF WTO

WTO : AN EVALUATION

Developing Country Issues

Dispute Resolution Mechanism

Subsidies in Agriculture

FUTURE CHALLENGES FOR WTO

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD )

Functions of UNCTAD

UNCTAD : An Assessment

KEY TERMS

DISCUSSION QUESTIONS

Chapter 7 INTERNATIONAL TRADE FINANCE AND PROMOTION

INTERNATIONAL TRADE PAYMENT

Cash in Advance

Letter of Credit (L/C)

Documentary Collection

Open Account

TERMS OF TRADE

Free on board

Free alongside Ship

Cost, Insurance and Freight

Cost and freight

INTERNATIONAL TRADE FINANCE

Private Sources

Governmental Sources.

INTERNATIONAL TRADE CREDIT

TRADE PROMOTION IN INDIA

Organizations for Export Promotion

Export Incentives

Marketing Assistance

Market Development Assistance

Market Access Initiative

Foreign Exchange

Trade Fairs and Exhibitions

Export Risk Insurance

Production Assistance/Facilities

Special Economic Zones (SEZs)

Export Processing Zones

Free Trade Zone (Ftz)

Export-oriented Unit (Eou)

Export Houses

Special Economic Zone

Chapter 8 REGIONAL ECONOMIC INTEGRATION

LEVELS OF ECONOMIC INTEGRATION

Free Trade Area (FTA)

Customs Union

Common Market

Economic Union

Political Union

EFFECTS OF INTEGRATION

Trade Creation and Trade Diversion

Reduced Import Prices

Increased Competition and Economies of Scale

Higher Factor Productivity

REGIONAL TRADING AGREEMENTS-A GLOBAL OVERVIEW

European Union (EU)

Euro

NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)

NAFTA Provisions

Importance of NAFTA

CARICOM

MERCOSUR

ANDEAN PACT

ASSOCIATION OF SOUTHEAST ASIAN NATIONS (ASEAN)

Objectives of ASEAN

ASEAN Achievements

ASIA-PACIFIC ECONOMIC COOPERATION FORUM (APEC)

SOUTH ASIAN ASSOCIATION FOR REGIONALCOOPERATION (SAARC)

CLOSER ECONOMIC RELATIONS (CER)

AFRICA

COMMODITY ARRANGEMENTS

Multi Fibre Arrangement (MFA)

Organization of Petroleum Exporting Countries (OPEC)

Chapter 9 INTERNATIONAL FINANCIAL SYSTEM

BASICS OF FOREIGN EXCHANGE

Exchange Rate Determination

Fixed and Flexible Exchange Rate Systems

Currency Convertibility

EVOLUTION OF THE MONETARY SYSTEM

The Gold Standard (1876-1914)

The Inter-war Years and World War II (1914-44)

The Bretton Woods System (1944-73)

The Post-Bretton Woods System:1973-Present.

CONTEMPORARY EXCHANGE RATE SYSTEMS

Fixed Exchange Rate System

Independent Float System

Currency Board Arrangement

Soft Pegs

Crawling Peg

Pegged Exchange Rates within Horizontal Bands

Floating Arrangements

INTERNATIONAL FINANCIAL SYSTEM

Foreign Exchange Markets

FOREIGN EXCHANGE RISK AND EXPOSURE

International Capital Market

International Money Markets

International Bond Markets

International Stock Markets

Chapter10 INTERNATIONAL FINANCIAL INSTITUTIONS

INTERNATIONAL MONETARY FUND (IMF)

Objectives of the IMF

Functions of the IMF

WORLD BANK GROUP

Grants

ASIAN DEVELOPMENT BANK

AFRICAN DEVELOPMENT BANK

AFRICAN DEVELOPMENT FUND (ADF)

NIGERIA TRUST FUND (NTF)

Chapter11 INTERNATIONAL BALANCE OF PAYMENTS

FUNDAMENTALS OF BALANCE-OF-PAYMENTS ACCOUNTING

Defining International Economic Transactions

The BOP as a Cash Flow Statement

BOP Accounting: Double-entry Book-keeping

TYPES OF BALANCE-OF-PAYMENTS ACCOUNTS

Current Account

Capital and Financial Account

Net Errors and Omissions

Official Reserves Account

THE BALANCE OF PAYMENTS IN TOTALITY

Chapter12 FOREIGN DIRECT INVESTMENT

FDI: A CLASSIFICATION

Asset-based View

Nature of Business Activity

Motive-based View

MODES OF FDI ENTRY

Branch Office

Strategic Alliances

Wholly Owned Subsidiary

Forms of Wholly Owned Subsidiaries: Greenfield Investmentversus Mergers and Acquisitions

Umbrella Holding Company

Differences Between Joint Ventures and Mergers

GLOBAL FDI PATTERNS

Trends in FDI

Direction of FDI

FDI Outflows

FOREIGN INVESTMENT IN INDIA

Policy Perspective

Sectoral Dimensions of FDI Flows.

Geographical Composition

Outward Indian FDI

Chapter13 INTERNATIONAL ORGANIZATION STRUCTURE AND DESIGN

EARLY ORGANIZATIONAL STRUCTURES

INTERNATIONAL DIVISION STRUCTURE

GLOBAL ORGANIzATIONAL STRUCTURES

Global Product Structure

Global Area Structure

Global Functional Structure

Mixed Structure

Matrix Structure

Transnational Network Structure

DETERMINANTS OF THE ORGANIZATION STRUCTURE

Chapter14 INTERNATIONAL MARKETING

INTERNATIONAL MARKET ASSESSMENT

THE MARKETING MIX

Market Segmentation

PRODUCT

Producer Goods

Consumer Goods

Determinants of Product Adaptation

Brand Management

New Product Development

Promotion Strategy

Pricing Strategy

Distribution

Chapter15 INTERNATIONAL HRM

RECRUITMENT AND SELECTION

Ethnocentric Approach

Polycentric Approach

Geocentric Approach

Regiocentric Approach

TRAINING AND DEVELOPMENT

Cross-cultural Training

Language Training

Specific Skills Training

COMPENSATION

INTERNATIONAL LABOR RELATIONS

INTERNATIONAL LABOR STANDARDS

Chapter16 INTERNATIONAL OPERATIONS

SUPPLY-CHAIN MANAGEMENT

INTERNATIONAL LOGISTICS

Systems Concept

Total Cost Concept

Trade-off Concept

GLOBAL SUPPLY CHAIN DECISIONS

Quality

Third-party Logistics (3PL)

Location Decisions

Production Decisions

Purchasing Decision

Inventory Decisions

International Packaging Issues

International Storage Issues

Transportation Decisions

Transportation Infrastructure

Chapter17 INTERNATIONAL FINANCE AND ACCOUNTING

ACCOUNTING SYSTEM.

NATIONAL AND INTERNATIONAL ACCOUNTING STANDARDS.

Notes:

Description based on publisher supplied metadata and other sources.

Includes bibliographical references.

ISBN:

9789332547209

9332547203

OCLC:

978253134