International Business

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Rapid growth in international trade and the activities of the multinational enterprises, especially after the growing acceptance of liberal economic policies in recent decades, have added ample flavour to the subject of international business. The fundamental concepts and modalities have undergone a sea change. At the same time, complexities have emerged in view of disparate environment – economic, political, legal, socio-cultural and financial – among different regions of the globe. It is because of this vast coverage and complexities that the international business strategies have turned complex and multi-dimensional.This revised second edition aims at explaining the fundamental concepts, heterogeneous environment and multi-faceted strategies in the area of international business. It unravels the intricacies and presents them in a lucid way to enable the readers understand the subject better.It also incorporates, inter alia, discussion on the rationale and modalities of control of activities of MNCs and on the international business ethics, besides updating the facts and figures.FeaturesNew reader-friendly formatMarginalia for easy recapitulation of conceptsEnd-of-chapter Case Study/Study Topic with pertinent questionsA new appendix on control of the MNCs’ activitiesTopics like International Ethical Environment, Outsourcing of Services, Real Options in International Capital Budgeting addedObjective-type questions along with their answersWherever possible, numerical problems and their answersComprehensive glossaryUpdated facts and figuresMaps and more charts, diagrams and box itemsContentsConcept of International BusinessOverview of International BusinessModes of International BusinessTheories of International TradeTheoretical Framework of Foreign Direct InvestmentBalance of PaymentsInternational Business EnvironmentNational Regulation of International BusinessMultilateral Regulation of Trade and InvestmentRegional Economic IntegrationPolitical and Legal EnvironmentEconomic EnvironmentSocio-Cultural and Ethical EnvironmentInternational Financial Environment: Exchange RateInternational Financial MarketsStrategy of International BusinessStrategy, Planning, Organisation and ControlGlobal Technology ManagementManagement of International OperationsInternational Market StrategyGlobal Human Resources ManagementInternational Investment and Financing StrategyManagement of Exchange Rates and Interest Rate RiskInternational Taxation and AccountingHost Country Heterogeneity and International Business Strategy