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International Business, 8th Edition

Book Description

The most up-to-date text in the market, International Business arms business professionals with a complete exploration of global business issues and practice. It addresses all the recent and on going worldwide issues regarding the economic and financial crisis as well as the government's role in business and the international business environment. Three new chapters focus on trade and investment policies, politics, and law. New examples from around the world are also presented throughout the text. The eighth edition examines the role and impact of culture and also includes numerous current world maps, helping business professionals develop and refine a global perspective.

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Dedication
  5. Brief Contents
  6. Contents
  7. PREFACE
    1. CHANGES IN THE EIGHTH EDITION
    2. INNOVATIVE LEARNING TOOLS
    3. DISTINGUISHING PEDAGOGICAL FEATURES
    4. ACKNOWLEDGMENTS
  8. ABOUT THE AUTHORS
  9. Map Contents
  10. PART 1: IMPACT
    1. CHAPTER 1: The International Business Imperative
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. New Challenges for International Business Managers
      3. THE NEED FOR INTERNATIONAL BUSINESS
      4. A DEFINITION OF INTERNATIONAL BUSINESS
      5. A BRIEF HISTORY
      6. GLOBAL LINKS TODAY
      7. THE CURRENT U.S. INTERNATIONAL TRADE POSITION
      8. THE STRUCTURE OF THE BOOK
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISES
      13. TAKE A STAND
      14. APPENDIX CASE 1 Geographic Perspectives on International Business
  11. PART 2: FOUNDATIONS
    1. CHAPTER 2: Trade and Investment Policies
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. The Global Economic Crisis and Lessons from the Depression
      3. RATIONALE AND GOALS OF TRADE AND INVESTMENT POLICIES
      4. GLOBAL TRADE REGULATION SINCE 1945
      5. CHANGES IN THE GLOBAL POLICY ENVIRONMENT
      6. POLICY RESPONSES TO CHANGING CONDITIONS
      7. A STRATEGIC OUTLOOK FOR TRADE AND INVESTMENT POLICIES
      8. SUMMARY
      9. KEY TERMS
      10. QUESTIONS FOR DISCUSSION
      11. INTERNET EXERCISES
      12. TAKE A STAND
    2. CHAPTER 3: The Theory of Trade and Investment
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. China, Trade, and the Global Recession
      3. THE AGE OF MERCANTILISM
      4. CLASSICAL TRADE THEORY
      5. FACTOR PROPORTIONS TRADE THEORY
      6. INTERNATIONAL INVESTMENT AND PRODUCT CYCLE THEORY
      7. THE NEW TRADE THEORY: STRATEGIC TRADE
      8. THE THEORY OF INTERNATIONAL INVESTMENT
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISES
      13. TAKE A STAND
    3. CHAPTER 4: The Balance of Payments
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Why Do Balance of Payments Problems Occur?
      3. FUNDAMENTALS OF BALANCE OF PAYMENTS ACCOUNTING
      4. THE ACCOUNTS OF THE BALANCE OF PAYMENTS
      5. THE BALANCE OF PAYMENTS IN TOTAL
      6. THE BALANCE OF PAYMENTS AND ECONOMIC CRISES
      7. CAPITAL MOBILITY
      8. SUMMARY
      9. KEY TERMS
      10. QUESTIONS FOR DISCUSSION
      11. INTERNET EXERCISES
      12. TAKE A STAND
    4. PART 2 CASE 1: ICELAND 2006—A SMALL COUNTRY IN A GLOBAL CAPITAL MARKET
    5. PART 2 CASE 2: THE VENEZUELAN BOLIVAR BLACK MARKET
    6. PART 2 CASE 3: WILL TIRE TARIFFS LAUNCH A TRADE DISPUTE?
    7. PART 2 CASE 4: THE CATFISH DISPUTE
  12. PART 3: ENVIRONMENT
    1. CHAPTER 5: Culture
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Crossing Cultures: Balancing the Global with the Local
      3. CULTURE DEFINED
      4. THE ELEMENTS OF CULTURE
      5. SOURCES OF CULTURAL KNOWLEDGE
      6. CULTURAL ANALYSIS
      7. THE TRAINING CHALLENGE
      8. MAKING CULTURE WORK FOR BUSINESS SUCCESS
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISES
      13. TAKE A STAND
    2. CHAPTER 6: Politics and Law
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. International Trade and Elephants
      3. THE HOME-COUNTRY PERSPECTIVE
      4. HOST-COUNTRY POLITICAL AND LEGAL ENVIRONMENT
      5. INTERNATIONAL RELATIONS AND LAWS
      6. SUMMARY
      7. KEY TERMS
      8. QUESTIONS FOR DISCUSSION
      9. INTERNET EXERCISES
      10. TAKE A STAND
    3. CHAPTER 7: Global Financial Markets
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Global Capital Markets: Entering a New Era
      3. THE GLOBAL FINANCIAL MARKETPLACE
      4. THE MARKET FOR CURRENCIES
      5. EVOLUTION OF THE GLOBAL MONETARY SYSTEM
      6. THE PURPOSE OF EXCHANGE RATES
      7. GLOBAL CAPITAL MARKETS
      8. THE FINANCIAL CRISIS OF 2007–2009
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISES
      13. TAKE A STAND
    4. CHAPTER 8: Economic Integration and Emerging Markets
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Building Blocs toward Worldwide Free Trade
      3. LEVELS OF ECONOMIC INTEGRATION
      4. ARGUMENTS SURROUNDING ECONOMIC INTEGRATION
      5. REGIONAL GROUPINGS
      6. CARTELS AND COMMODITY PRICE AGREEMENTS
      7. EMERGING MARKETS
      8. BARRIERS TO BUSINESS
      9. TRANSITION ECONOMIES
      10. THE DEVELOPING MARKETS
      11. ECONOMIC INTEGRATION AND THE INTERNATIONAL MANAGER
      12. SUMMARY
      13. KEY TERMS
      14. QUESTIONS FOR DISCUSSION
      15. INTERNET EXERCISES
      16. TAKE A STAND
    5. PART 3 CASE 1: THE BANANA WARS
    6. PART 3 CASE 2: H-1B VISAS: A HIGH-TECH DILEMMA
    7. PART 3 CASE 3: CLOSING THE MG ROVER PLANTS: THE AFTEREFFECTS
    8. PART 3 CASE 4: THE GM–AVTOVAZ JOINT VENTURE *
    9. PART 3 CASE 5: MATTEL'S CHINESE SOURCING CRISIS OF 2007 *
    10. PART 3 CASE 6: NINE DRAGONS PAPER *
  13. PART 4: STRATEGY
    1. CHAPTER 9: Strategic Planning
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. The Changing Landscape of Global Markets
      3. GLOBALIZATION
      4. THE STRATEGIC PLANNING PROCESS
      5. SUMMARY
      6. KEY TERMS
      7. QUESTIONS FOR DISCUSSION
      8. INTERNET EXERCISES
      9. TAKE A STAND
    2. CHAPTER 10: The Corporation: Ownership, Governance, and Sustainability
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. corporation The most common form of business organization, which has all of the rights and responsibilities of an individual, while possessing limited liability to its owners.
      3. OWNERSHIP
      4. THE CORPORATE OBJECTIVE
      5. CORPORATE GOVERNANCE
      6. CORPORATE RESPONSIBILITY AND SUSTAINABILITY
      7. SUMMARY
      8. KEY TERMS
      9. QUESTIONS FOR DISCUSSION
      10. TAKE A STAND
    3. CHAPTER 11: Organization, Implementation, and Control
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Organizing to Think Globally and Act Locally
      3. ORGANIZATIONAL STRUCTURE
      4. IMPLEMENTATION
      5. CONTROLS
      6. SUMMARY
      7. KEY TERMS
      8. QUESTIONS FOR DISCUSSION
      9. INTERNET EXERCISES
      10. TAKE A STAND
    4. CHAPTER 12: Building the Knowledge Base
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Cool Merchandising
      3. INTERNATIONAL AND DOMESTIC RESEARCH
      4. RECOGNIZING THE NEED FOR INTERNATIONAL RESEARCH
      5. DETERMINING RESEARCH OBJECTIVES
      6. CONDUCTING SECONDARY RESEARCH
      7. CONDUCTING PRIMARY RESEARCH
      8. THE INTERNATIONAL INFORMATION SYSTEM
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISE
      13. TAKE A STAND
      14. SUGGESTED READINGS
      15. APPENDIX 12A Monitors of International Issues
      16. APPENDIX 12B The Structure of a Country Commercial Guide
    5. CHAPTER 13: Entry and Expansion
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. An Accidental Exporter
      3. THE ROLE OF MANAGEMENT
      4. MOTIVATIONS TO GO ABROAD
      5. STRATEGIC EFFECTS OF GOING INTERNATIONAL
      6. ENTRY AND DEVELOPMENT STRATEGIES
      7. INTERNATIONAL INTERMEDIARIES
      8. LOCAL PRESENCE
      9. A COMPREHENSIVE VIEW OF INTERNATIONAL EXPANSION
      10. SUMMARY
      11. KEY TERMS
      12. QUESTIONS FOR DISCUSSION
      13. INTERNET EXERCISES
      14. TAKE A STAND
      15. SUGGESTED READINGS
    6. PART 4 CASE 1: HONEYLAND MANUKA HONEY FROM NEW ZEALAND AN INTERNATIONAL NEW VENTURE
    7. PART 4 CASE 2: IKEA: FURNISHING THE WORLD
    8. PART 4 CASE 3: KOCH INDUSTRIES ACQUIRES GEORGIA-PACIFIC
    9. PART 4 CASE 4: PETROLEUM DEVELOPMENT AND THE CURSE OF OIL
    10. PART 4 CASE 5: TAO KAE NOI SEAWEED SNACK
  14. PART 5: OPERATIONS
    1. CHAPTER 14: Marketing
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Being a Good Sports Sponsorship
      3. TARGET MARKET SELECTION
      4. MARKETING MANAGEMENT
      5. SUMMARY
      6. KEY TERMS
      7. QUESTIONS FOR DISCUSSION
      8. INTERNET EXERCISES
      9. TAKE A STAND
    2. CHAPTER 15: Services
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Global Labor Mobility Outsourcing and the Worker of the Future
      3. DIFFERENCES BETWEEN SERVICES AND GOODS
      4. THE ROLE OF SERVICES IN THE U.S. ECONOMY
      5. THE ROLE OF GLOBAL SERVICES IN THE WORLD ECONOMY
      6. GLOBAL TRANSFORMATIONS IN THE SERVICES SECTOR
      7. PROBLEMS IN SERVICE TRADE
      8. CORPORATIONS AND SERVICES TRADE
      9. SUMMARY
      10. KEY TERMS
      11. QUESTIONS FOR DISCUSSION
      12. INTERNET EXERCISES
      13. TAKE A STAND
      14. SUGGESTED READINGS
    3. CHAPTER 16: Logistics and Supply-Chain Management
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Supply-Chain Management Logistics in China
      3. INTERNATIONAL LOGISTICS DEFINED
      4. SUPPLY-CHAIN MANAGEMENT
      5. THE NEW DIMENSIONS OF INTERNATIONAL LOGISTICS
      6. INTERNATIONAL INVENTORY ISSUES
      7. INTERNATIONAL PACKAGING ISSUES
      8. INTERNATIONAL STORAGE ISSUES
      9. MANAGEMENT OF INTERNATIONAL LOGISTICS
      10. THE SUPPLY CHAIN AND THE INTERNET
      11. LOGISTICS AND SECURITY
      12. LOGISTICS AND THE ENVIRONMENT
      13. SUMMARY
      14. KEY TERMS
      15. QUESTIONS FOR DISCUSSION
      16. INTERNET EXERCISES
      17. TAKE A STAND
      18. SUGGESTED READINGS
    4. CHAPTER 17: Financial Management
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. When International Financial Management Dictates Strategy
      3. WHAT IS THE GOAL OF MANAGEMENT?
      4. IMPORT-EXPORT TRADE FINANCING
      5. MULTINATIONAL INVESTING
      6. INTERNATIONAL CASH FLOW MANAGEMENT
      7. FOREIGN EXCHANGE EXPOSURE
      8. COUNTERTRADE
      9. INTERNATIONAL TAXATION
      10. SUMMARY
      11. KEY TERMS
      12. QUESTIONS FOR DISCUSSION
      13. INTERNET EXERCISES
      14. TAKE A STAND
    5. CHAPTER 18: Human Resource Management *
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. The New Global Executive
      3. MANAGING MANAGERS
      4. SOURCES FOR MANAGEMENT RECRUITMENT
      5. MANAGING LABOR PERSONNEL
      6. SUMMARY
      7. KEY TERMS
      8. QUESTIONS FOR DISCUSSION
      9. INTERNET EXERCISES
      10. TAKE A STAND
    6. CHAPTER 19: New Horizons
      1. CHAPTER CONTENTS & LEARNING OBJECTIVES
      2. Bankers See Scrooge Alive in London
      3. THE INTERNATIONAL BUSINESS ENVIRONMENT
      4. GLOBALIZATION AND FRICTION
      5. THE FUTURE OF INTERNATIONAL BUSINESS MANAGEMENT
      6. CAREERS IN INTERNATIONAL BUSINESS
      7. SUMMARY
      8. KEY TERMS
      9. QUESTIONS FOR DISCUSSION
      10. INTERNET EXERCISES
      11. TAKE A STAND
    7. PART 5 CASE 1: NOVA INTERNATIONAL (MACEDONIA)
    8. PART 5 CASE 2: PORSCHE CHANGES TRACK
    9. PART 5 CASE 3: THE MARKET ENTRY STRATEGY SOCIAL APPROACH
    10. PART 5 CASE 4: WHEN DIAMONDS WEEP
  15. NOTES
    1. Chapter 1
    2. Chapter 2
    3. Chapter 3
    4. Chapter 4
    5. Chapter 5
    6. Chapter 6
    7. Chapter 7
    8. Chapter 8
    9. Chapter 9
    10. Chapter 10
    11. Chapter 11
    12. Chapter 12
    13. Chapter 13
    14. Chapter 14
    15. Chapter 15
    16. Chapter 16
    17. Chapter 17
    18. Chapter 18
    19. Chapter 19
  16. GLOSSARY
    1. A
    2. B
    3. C
    4. D
    5. E
    6. F
    7. G
    8. H
    9. I
    10. J
    11. K
    12. L
    13. M
    14. N
    15. O
    16. P
    17. Q
    18. R
    19. S
    20. T
    21. U
    22. V
    23. W
  17. NAME INDEX
  18. SUBJECT INDEX