International business : concept, environment and strategy

International business concept, environment and strategy

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...

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Bibliographic Details
Other Authors: Sharan, Vyuptakesh, author (author)
Format: eBook
Language:Inglés
Published: Delhi, India ; Chennai, India ; Chandigarh, India : Pearson 2010.
Edition:Third edition
Subjects:
International business enterprises.
India > Economic conditions > 21st century.
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629069306719
Table of Contents:
  • Cover
  • Contents
  • Preface to the Third Edition
  • Preface
  • About the Author
  • Part I: Concept of International Business
  • Chapter 1: Overview of International Business
  • 1.1 The Concept and Process of Globalisation
  • 1.1.1 Meaning
  • 1.1.2 Evidence
  • 1.1.3 The Impact
  • 1.2 Meaning and Importance of International Business
  • 1.3 Domestic Business Versus International Business
  • 1.4 Multinational Corporation
  • 1.5 Evolution and Development of International Business
  • 1.5.1 Process of Evolution
  • 1.5.2 Early Developments
  • 1.5.3 Post-War Developments
  • 1.5.4 Recent Trends
  • 1.6 Factors Leading to Growth in International Business in Recent Decades
  • 1.7 Structure of Book
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • References
  • Select Further Readings
  • Chapter 2: Modes of International Business
  • 2.1 Determinants of Entry Mode
  • 2.2 Trade Mode
  • 2.2.1 Direct and Indirect Export
  • 2.2.2 Counter-Trade
  • 2.3 Contractual Entry Modes
  • 2.3.1 Licensing
  • 2.3.2 Franchising
  • 2.3.3 Management Contracts
  • 2.3.4 Turnkey Projects
  • 2.4 Foreign Investment
  • 2.4.1 Foreign Portfolio Investment and Foreign Direct Investment
  • 2.4.2 Mergers and Acquisitions (M&As)
  • 2.5 Strategic Alliance
  • 2.6 Fdi Compared with Trade
  • 2.7 Fdi Compared with Contractualentry Mode
  • 2.8 Greenfield Investment (GI) Versus M&as
  • 2.8.1 Substitutability between GI and M&as
  • 2.8.2 Differing Impact of GI and M&as
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • References
  • Select Further Readings
  • Chapter 3: Theories of International Trade
  • 3.1 Mercantilists' Version
  • 3.2 Absolute and Comparative Advantage
  • 3.2.1 Theory of Absolute Advantage
  • 3.2.2 Ricardian View of Comparative Advantage
  • 3.2.3 Comparative Advantage Based on Opportunity Cost.
  • 3.2.4 Production Possibilities Schedule
  • 3.2.5 Static and Dynamic Gains from Tradere-Examined
  • 3.3 Factor Proportions Theory
  • 3.3.1 Heckscher-Ohlin Theorem
  • 3.3.2 Factor Price Equalisation
  • 3.3.3 Leontief Paradox
  • 3.3.4 Distribution of Income
  • 3.4 Neo-Factor Proportions Theories
  • 3.5 Country Similarity Theory
  • 3.6 Intra-Industry Trade
  • 3.6.1 Nature of Intra-Industry Trade
  • 3.6.2 Measures of Intra-Industry Trade
  • 3.6.3 Gains from Intra-Industry Trade
  • 3.7 Trade in Intermediate Products and Services: Outsourcing
  • 3.7.1 Outsourcing and Off-Shoring
  • 3.7.2 Bases of Outsourcing
  • 3.7.3 Gains from Outsourcing
  • 3.7.4 Outsourcing of Services
  • 3.8 the National Competitive Advantage
  • 3.9 Terms of Trade
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • Study Topic
  • References
  • Chapter 4: Theoretical Framework of Foreign Direct Investment
  • 4.1 Theories of FDI
  • 4.1.1 Macdougall-Kemp Hypothesis
  • 4.1.2 Industrial Organisation Theory
  • 4.1.3 Location-Specific Theory
  • 4.1.4 Product Cycle Theory
  • 4.1.5 Internalisation Approach
  • 4.1.6 Eclectic Paradigm
  • 4.1.7 Currency Based Approaches
  • 4.1.8 Politico-Economic Theories
  • 4.1.9 Modified Theories for Third World Firms
  • 4.2 Benefits and Costs of FDI
  • 4.2.1 Benefits to the Host Country
  • 4.2.2 Benefits for Home Country
  • 4.2.3 Cost to the Host Country
  • 4.2.4 Cost to Home Country
  • 4.3 M&as and the Value of the Firm
  • 4.4 Control of MNCs
  • 4.4.1 Conflicts with Home Country and Measures of Control
  • 4.4.2 Conflict with the Host Government and the Measures of Control
  • 4.4.3 Code for Control At the International Level
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study 1
  • Case Study 2
  • References
  • Select Further Readings
  • Chapter 5: Balance of Payments
  • 5.1 Structure of Balance of Payments.
  • 5.1.1 Current Account Transactions
  • 5.1.2 Capital Account Transactions
  • 5.1.3 Official Reserves Account
  • 5.2 Equilibrium, Disequilibriumand Adjustment
  • 5.2.1 Accounting Equilibrium
  • 5.2.2 Disequilibrium and the Focus of Adjustment
  • 5.3 Different Approaches to Adjustment
  • 5.3.1 the Classical View
  • 5.3.2 Elasticity Approach
  • 5.3.3 Keynesian Approach
  • 5.3.4 Monetary Approach
  • Summary
  • Review Questions
  • Objective Type Questions
  • Study Topic
  • References
  • Select Further Readings
  • Part II : International Business Environment
  • Chapter 6: National Regulation of International Business
  • 6.1 Free Trade Versus Protection
  • 6.1.1 Case for Free Trade
  • 6.1.2 Arguments for Protection
  • 6.1.3 Move from Inward-Looking to Outward-Looking Trade Policy Regimes
  • 6.2 Forms of Trade Regulation at the National Level
  • 6.3 Instruments of Trade Regulation
  • 6.3.1 Tariff
  • 6.3.2 Quota
  • 6.3.3 Subsidies
  • 6.3.4 Dumping
  • 6.3.5 Some Other Forms of Non-Tariff Barriers
  • 6.4 Regulation of FDI
  • 6.4.1 Rationale Behind Regulation
  • 6.4.2 Modalities of Regulation in Host Country
  • 6.4.3 Modalities of Regulation in Home Country
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • Study Topic
  • References
  • Select Further Readings
  • Chapter 7: Multilateral Regulation of Trade and Investment
  • 7.1 Basic Principles of Multilateral Trade Negotiations
  • 7.2 Gatt and Its Early Rounds
  • 7.3 Uruguay Round
  • 7.3.1 Main Features
  • 7.3.2 Agreements At the Uruguay Round
  • 7.4 World Trade Organisation
  • 7.4.1 Basic Difference between GATT and WTO
  • 7.4.2 Organisational Structure
  • 7.4.3 Functions of the WTO
  • 7.4.4 Settlement of Disputes
  • 7.4.5 Challenges Before WTO
  • 7.5 WTO and India
  • 7.6 United Nations Conference on Tradeand Development (UNCTAD)
  • 7.6.1 Origin of Unctad.
  • 7.6.2 Major Areas of Negotiations
  • 7.6.3 Some Recent Developments
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • Study Topic
  • References
  • Select Further Readings
  • Chapter 8: Regional Economic Integration
  • 8.1 Levels of Economic Integration
  • 8.2 Benefits and Cost of Economic Integration
  • 8.2.1 Trade Creation and Trade Diversion
  • 8.2.2 Inter-Commodity Substitution and Consumption Gains
  • 8.2.3 Trade Deflection in a Free Trade Area
  • 8.2.4 Dynamic Effects
  • 8.2.5 Collective Self-reliance
  • 8.2.6 Increased Foreign Direct Investment
  • 8.2.7 Polarisation of Benefits
  • 8.3 Some Economic Integration Schemes
  • 8.3.1 The European Case
  • 8.3.2 The American and Caribbean Schemes
  • 8.3.3 Integration Schemes in Africa and the Middle-East
  • 8.3.4 Economic Co-Operation Schemes in Asia and Pacific
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • References
  • Select Further Readings
  • Chapter 9: Political and Legal Environment
  • 9.1 Concept of Political Environment
  • 9.1.1 Political Diversity and Political Similarity
  • 9.1.2 Democracy Versus Totalitarianism
  • 9.2 Home Country Perspective
  • 9.3 Host Country Perspective
  • 9.3.1 Meaning and Forms of Political Risk
  • 9.3.2 Evaluation of Political Risk
  • 9.3.3 Management of Political Risk
  • 9.4 Legal Environment
  • 9.4.1 Legal System
  • 9.4.2 Principles of International Business Law
  • 9.4.3 Wide Variance in National Business Laws and the Issue of Legal Standardisation
  • Summary
  • Review Questions
  • Objective Type Questions
  • Study Topic
  • References
  • Select Further Readings
  • Chapter 10: Economic Environment
  • 10.1 Forms of Economic System
  • 10.2 Preliminary Economic Indicators
  • 10.2.1 Level of Income and Its Distribution
  • 10.2.2 Inflation
  • 10.2.3 Consumption Behaviour.
  • 10.2.4 Availability of Human and Physical Resources
  • 10.2.5 Network of Infrastructure
  • 10.2.6 Fiscal, Monetary, and Industrial Policies
  • 10.2.7 Strength of External Sector
  • 10.3 Process of Analysing Economic Environment
  • Summary
  • Review Questions
  • Objective Type Questions
  • Study Topic
  • References
  • Select Further Readings
  • Chapter 11: Socio-Culturaland Ethical Environment
  • 11.1 Concept of Culture
  • 11.1.1 Meaning of Culture
  • 11.1.2 Elements of Culture
  • 11.2 Cultural Diversity
  • 11.2.1 Basis of Cultural Diversity
  • 11.2.2 Diverse Culture and Competitive Advantage
  • 11.3 Management of Cultural Diversity
  • 11.3.1 Two Schools of Thought
  • 11.3.2 Management Process
  • 11.4 Ethics and Social Responsibility
  • 11.4.1 Concept
  • 11.4.2 Normative and Relative Ethics
  • 11.4.3 Some Ethical Issues in International Business
  • Summary
  • Review Questions
  • Objective Type Questions
  • Case Study
  • References
  • Select Further Readings
  • Chapter 12: International Financial Environment: Exchange Rate
  • 12.1 International Monetary System
  • 12.1.1 Early System
  • 12.1.2 Bretton Woods System of Exchange Rates
  • 12.1.3 Exchange Rate Regime Since 1973
  • 12.2 Exchange Rate Quotation
  • 12.2.1 Direct and Indirect Quotes
  • 12.2.2 Buying and Selling Rates
  • 12.2.3 Forward Rates
  • 12.2.4 Cross Rates
  • 12.3 Determination of Exchange Ratein Spot Market
  • 12.3.1 Process of Determination
  • 12.3.2 Factors Infl Uencing Exchange Rate
  • 12.4 Exchange Rate Determination in Forward Market
  • 12.4.1 Interest Rate Parity Theory
  • 12.4.2 Covered Interest Arbitrage
  • 12.5 Theories of Exchange Rate Behaviour
  • 12.5.1 Balance of Payments Approach
  • 12.5.2 Monetary Approach of Flexible Price Version
  • 12.5.3 Monetary Approach of Sticky-Price Version
  • 12.5.4 Portfolio Balance Approach
  • 12.6 Exchange Rate Forecasting.
  • 12.6.1 Relevance of Exchange Rate Forecast.

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