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International Business, 3rd Edition

Book Description

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.

Table of Contents

  1. Cover
  2. Title Page
  3. Contents
  4. About the Author
  5. Dedication
  6. Preface to the Third Edition
  7. Preface
  8. Part I CONCEPT OF INTERNATIONAL BUSINESS
    1. 1. Overview of International Business
      1. 1.1. The Concept and Process of Globalisation
      2. 1.2 Meaning and Importance of International Business
      3. 1.3 Domestic Business versus International Business
      4. 1.4 Multinational Corporation
      5. 1.5 Evolution and Development of International Business
      6. 1.6 Factors Leading to Growth in International Business in Recent Decades
      7. 1.7 Structure of Book
      8. Summary
      9. Review Questions
      10. Objective Type Questions
      11. Case Study
      12. References
      13. Select Further Readings
    2. 2. Modes of International Business
      1. 2.1 Determinants of Entry Mode
      2. 2.2 Trade Mode
      3. 2.3 Contractual Entry Modes
      4. 2.4 Foreign Investment
      5. 2.5 Strategic Alliance
      6. 2.6 FDI Compared with Trade
      7. 2.7 FDI Compared with Contractual
      8. 2.8 Greenfield Investment (GI) versus
      9. Summary
      10. Review Questions
      11. Objective Type Questions
      12. Case Study
      13. References
      14. Select Further Readings
    3. 3. Theories of International Trade
      1. 3.1 Mercantilists’ Version
      2. 3.2 Absolute and Comparative Advantage
      3. 3.3 Factor Proportions Theory
      4. 3.4 Neo-factor Proportions Theories
      5. 3.5 Country Similarity Theory
      6. 3.6 Intra-industry Trade
      7. 3.7 Trade in Intermediate Products and Services: Outsourcing
      8. 3.8 The National Competitive Advantage
      9. 3.9 Terms of Trade
      10. Summary
      11. Review Questions
      12. Objective Type Questions
      13. Case Study
      14. Study Topic
      15. References
    4. 4. Theoretical Framework of Foreign Direct Investment
      1. 4.1 Theories of FDI
      2. 4.2 Benefits and Costs of FDI
      3. 4.3 M&As and the Value of the Firm
      4. 4.4 Control of MNCs
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Case Study 1
      9. Case Study 2
      10. References
      11. Select Further Readings
    5. 5. Balance of Payments
      1. 5.1 Structure of Balance of Payments
      2. 5.2 Equilibrium, Disequilibrium and Adjustment
      3. 5.3 Different Approaches to Adjustment
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. Study Topic
      8. References
      9. Select Further Readings
  9. Part II INTERNATIONAL BUSINESS ENVIRONMENT
    1. 6. National Regulation of International Business
      1. 6.1 Free Trade versus Protection
      2. 6.2 Forms of Trade Regulation at the National Level
      3. 6.3 Instruments of Trade Regulation
      4. 6.4 Regulation of FDI
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Case Study
      9. Study Topic
      10. References
      11. Select Further Readings
    2. 7. Multilateral Regulation of Trade and Investment
      1. 7.1 Basic Principles of Multilateral Trade
      2. 7.2 GATT and Its Early Rounds
      3. 7.3 Uruguay Round
      4. 7.4 World Trade Organisation
      5. 7.5 WTO and India
      6. 7.6 United Nations Conference on Trade
      7. Summary
      8. Review Questions
      9. Objective Type Questions
      10. Case Study
      11. Study Topic
      12. References
      13. Select Further Readings
    3. 8. Regional Economic Integration
      1. 8.1 Levels of Economic Integration
      2. 8.2 Benefits and Cost of Economic Integration
      3. 8.3 Some Economic Integration Schemes
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. Case Study
      8. References
      9. Select Further Readings
    4. 9. Political and Legal Environment
      1. 9.1 Concept of Political Environment
      2. 9.2 Home Country Perspective
      3. 9.3 Host Country Perspective
      4. 9.4 Legal Environment
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Study Topic
      9. References
      10. Select Further Readings
    5. 10. Economic Environment
      1. 10.1 Forms of Economic System
      2. 10.2 Preliminary Economic Indicators
      3. 10.3 Process of Analysing Economic Environment
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. Study Topic
      8. References
      9. Select Further Readings
    6. 11. Socio-Cultural and Ethical Environment
      1. 11.1 Concept of Culture
      2. 11.2 Cultural Diversity
      3. 11.3 Management of Cultural Diversity
      4. 11.4 Ethics and Social Responsibility
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Case Study
      9. References
      10. Select Further Readings
    7. 12. International Financial Environment: Exchange Rate
      1. 12.1 International Monetary System
      2. 12.2 Exchange Rate Quotation
      3. 12.3 Determination of Exchange Rate in Spot Market
      4. 12.4 Exchange Rate Determination in Forward Market
      5. 12.5 Theories of Exchange Rate Behaviour
      6. 12.6 Exchange Rate Forecasting
      7. Summary
      8. Review Questions
      9. Objective Type Questions
      10. Case Study
      11. References
      12. Select Further Readings
    8. 13. International Financial Markets
      1. 13.1 Foreign Exchange Market
      2. 13.2 Market for Derivatives
      3. 13.3 International Financial Market
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. Case Study
      8. References
      9. Select Further Readings
  10. Part III STRATEGY OF INTERNATIONAL BUSINESS
    1. 14. Strategy, Planning, Organisation and Control
      1. 14.1 Strategies
      2. 14.2 Planning
      3. 14.3 Organisational Structure
      4. 14.4 Process of Control
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Case Study
      9. References
      10. Select Further Readings
    2. 15. Global Technology Management
      1. 15.1 Technology and International Business
      2. 15.2 Technological Strategy
      3. 15.3 Information Technology in International Business
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. Case Study
      8. References
      9. Select Further Readings
    3. 16. Management of International Operations
      1. 16.1 Location for Production
      2. 16.2 Management of Inventory
      3. 16.3 Sourcing of Inputs
      4. 16.4 International Logistics
      5. 16.5 International Services
      6. Summary
      7. Review Questions
      8. Objective Type Questions
      9. Case Study
      10. Study Topic
      11. References
      12. Select Further Readings
    4. 17. International Market Strategy
      1. 17.1 Market Identification and Demand Estimation
      2. 17.2 Product Strategy
      3. 17.3 Pricing Strategy
      4. 17.4 Selecting Channel of Distribution
      5. 17.5 Sales Promotion
      6. 17.6 Foreign Trade Documentation
      7. Summary
      8. Review Questions
      9. Objective Type Questions
      10. Case Study
      11. References
      12. Select Further Readings
    5. 18. Global Human Resource Management
      1. 18.1 Complexities of International Firms
      2. 18.2 Staffing Policy
      3. 18.3 The Process of Recruitment and Training
      4. 18.4 Management of Industrial Relations
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Case Study
      9. References
      10. Select Further Readings
    6. 19. International Investment and Financing Strategy
      1. 19.1 International Capital Budgeting
      2. 19.2 Selection of the Sources and Forms of Funds
      3. 19.3 Financial Swap
      4. 19.4 International Cash Management
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Study Topic
      9. References
      10. Select Further Readings
    7. 20. Management of Exchange Rate and Interest Rate Risk
      1. 20.1 Nature and Measurement of Exchange Rate Exposure
      2. 20.2 Management of Exchange Rate Exposure
      3. 20.3 Nature of Interest Rate Risk
      4. 20.4 Techniques of Managing Interest Rate Exposure
      5. Summary
      6. Review Questions
      7. Objective Type Questions
      8. Study Topic
      9. References
      10. Select Further Readings
    8. 21. International Taxation and Accounting
      1. 21.1 International Taxation
      2. 21.2 Indian Tax Scenario
      3. 21.3 International Accounting
      4. Summary
      5. Review Questions
      6. Objective Type Questions
      7. References
      8. Select Further Readings
    9. 22. Host Country Heterogeneity and International Business Strategy
      1. 22.1 Developed Market Economies
      2. 22.2 Business with a Less Developed Country
      3. 22.3 Less Developed Countries: A Functional Classification
      4. 22.4 The five Emerging Market Economies
      5. 22.5 Transition Economies
      6. Summary
      7. Review Questions
      8. Objective Type Questions
      9. Study Topic
      10. References
      11. Select Further Readings
  11. Glossary
  12. Copyright