International Business
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International Business : Theory and Practice

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Description

The new and updated edition of this widely used text is equally useful for undergraduate and graduate students of international business. Its student-friendly format, detailed coverage of classic and timely topics, and extensive use of case studies make it widely adaptable for different level courses, as well as for educators who prefer either a case study or lecture approach. This edition features new coverage of the Asian financial crisis and the European Union. Its treatment of such topics as foreign exchange, international trade policy, and economic development introduces students to techniques for analysing national economies that are not covered in many competing texts. Ethical and environmental issues are also covered in detail, and all case studies, tables, and figures have been thoroughly revised and updated.

Each chapter includes a short case study, while longer, more complex case studies conclude the text. Each chapter also features learning objectives, discussion questions, and references. An online instructor's guide that includes PowerPoints with end-of-chapter answers and maps is available to instructors who adopt the text.
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Product details

  • Paperback | 464 pages
  • 189 x 246 x 25.4mm | 794g
  • ROUTLEDGE
  • London, United Kingdom
  • English
  • New edition
  • 3rd New edition
  • Illustrations, maps
  • 0765631342
  • 9780765631343
  • 2,360,145

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Table of contents

1. An Introduction to International Business and Multinational Corporations


Recent Trends in World Trade


Discussion Questions


Bibliography


Mini-Case: Transworld Minerals, Inc.





2. The Nature of International Business


Domestic Versus International Business


Methods of Going International


Recent Trend Patterns and Changes in Global Trade


Government Involvement in Trade Restrictions and Incentives


Regional Trade Groups and Cartels


Non-tariff Barriers to Merchandise Trade


Summary


Discussion Questions


Bibliography


Mini-Case: Electronics International, Ltd.





3. Theories of Trade and Economic Development


Introduction to International Trade Theories


More Recent Theories


Modern Theories


Theories of Economic Development


The Global Continuum: Where Nations Fall Today


Patterns of World Development


Summary


Discussion Questions


Bibliography


Mini-Case: Euromanage, Inc.





4. International Monetary System and Balance of Payments


International Monetary Terminology


A Brief History of the International Monetary System


The International Monetary Fund (IMF)


Forms of IMF Assistance


IMF Conditionality


Special Drawing Rights


Difficulties in the Bretton Woods System


The Floating Rate Era: 1973 to the Present


European Monetary System


Difficulties in the Floating Rate Era


Issues for Reform


Summary


Discussion Questions


Bibliography


Appendix: Balance of Payments


Appendix Discussion Questions


Appendix Bibliography


Mini-Case: Global Bank Corporation


Mini-Case: Scrinton Technologies





5. Foreign Exchange Markets


Background


The Structure of the Foreign Exchange (FX) Markets


Location of Foreign Exchange Markets


Market Volumes


Uses of the Foreign Exchange Market


Types of Exposure in Foreign Exchange Markets


Types of Foreign Exchange Markets


Foreign Exchange Rates


Triangular Arbitrage


Covered Interest Arbitrage


Currency Futures Markets


Foreign Currency Options


Forecasting Foreign Exchange Rates


Special Accounting Problems


Special Issues and Problems in International Taxation


Summary


Discussion Questions


Bibliography


Mini-Case: Skytrack Instrumentation


Mini-Case: Chemtech, Inc.





6. Supranational Organizations and International Business


Background


General Agreement on Tariffs and Trade (GATT)


Financial Organizations


Summary


Discussion Questions


Bibliography


Mini-Case: Structural Adjustments in Masawa





7. Analyzing National Economies


The Purpose and Methodology of Country Analysis


Preliminary Economic Indicators


Market Demand Forecasting


Areas of Research


Methods of Estimating Market Size and Share


Designing Initial Market Strategy


Summary


Discussion Questions


Bibliography


Appendix: A Step By Step Approach to Market Research


Mini-Case: The Republic of Mazuwa





8. International Law and Global Orientations


Public and Private Law


Different Legal Systems


International Treaties Framework


Legal Concepts Relating To International Business


Areas of Concern to Multinational Corporations


Intellectual and Industrial Property Rights


Operational Concerns of Multinational Corporations


Resolving Business Conflicts


Summary


Discussion Questions


Bibliography


Mini-Case: Compu-Soft Systems, Inc.





9. Sociocultural Factors


Sociocultural Factors and International Business


Society, Culture, and Sociocultural Forces


Elements of Culture


Other Theories of Culture


Management of Cultural Change


Summary


Discussion Questions


Bibliography


Mini-Case: Delis Foods Corporation


Mini-Case: Air America





10. Foreign Investment: Researching Risk


Why Invest Abroad?


Assessing Political Risk


Types of Host National Control


Assessing the Risk


Managing Risk


Summary


Discussion Questions


Bibliography


Mini-Case: Amalgamated Polymers, Inc.





11. Ethical Questions: Multinationals and Sustainability


Emerging Environmental Concerns


Social Responsibility of Business


Major Environmental Issues


MNC Responses


MNC Opportunities


Ethical Issues are Now Center Stage


Summary


Discussion Questions


Bibliography


Mini-Case: Milford Processes, Inc.


Mini-Case: Alapco Chemicals, Ltd.





12. Future Issues in International Business


Letters of Credit in International Trade


Why Study the Future?


Future Trends Affecting International Business


Impact of Trends on MNCs


Summary


Discussion Questions


Bibliography


Mini-Case: Remagen Brothers, Ltd.
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About Riad A. Ajami

Riad A. Ajami, Wright State University, USAG. Jason Goddard, Vice President, Wells Fargo,Wake Forest University, USA and University of North Carolina at Greensboro, USA
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