- Cover
- Title Page
- Brief Contents
- Contents
- About the Author
- Dedication
- Preface
- The Development of this Book
- Unit I: Foundations
- 1. Globalization and International Business
- Introduction
- Elements of Globalization
- Drivers of Globalization
- Industry Focus Social Networking
- Region Focus Civets
- International Orientations
- International Business in Action Multi-Latinas
- International versus Domestic Business
- Motives for Internationalization
- Two Decades of Shifting Wealth
- The Globalization Debate
- Managerial Implications: Managing a Global Enterprise
- Closing Case The Japanese Road to Success
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 2. Globalization of Business Structures: The Transnational Corporation
- Introduction
- Non-Equity Modes of International Production
- Transnationality of Firms
- Changing Face of TNCs
- Evolution of TNCs
- Industry Focus Accelerated Internationalization of the White Goods Sector
- International Business in Action Changing Face of the Family Business in the Middle East
- Theories of Firm Internationalization
- Closing Case Globalization of the Brazilian Enterprise
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 1. Globalization and International Business
- Unit II: Global Business Environment
- 3. Economic Environment
- Introduction
- Economic Systems
- Asian Capitalism
- Economic Indicators
- International Business in Action Daimler Expands in India
- Region Focus The Making of a Global Giant
- Industry Focus Internationalization of Argentina's Manufacturing Sector
- Closing Case Index of Economic Freedom
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 4. Political and Legal Environment
- Introduction
- Political Environment
- International Business in Action Google in China
- Legal Environment
- Region Focus Industrial Carnage in Bhopal
- Ethics in International Business
- Industry Focus Articulating Corporate Values
- Closing Case Ethical Survival of TNCs
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 5. Cultural Environment
- Introduction
- Elements of Culture
- International Business in Action Islamic Banking
- Industry Focus Emergence of the Creative Industry
- Cultural Dimensions in International Business
- Region Focus Hispanic Culture and Business
- Managerial Implications for International Business
- Closing Case Indianization of the World
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 3. Economic Environment
- Unit III: Framework of International Business
- 6. Strategizing Foreign Entry
- Introduction
- Entry-Mode Selection
- International Business in Action China Exports Power Equipment to India
- Region Focus Donut King in China
- Foreign Entry: An Evolutionary Process
- Managerial Implications
- Closing Case Challenges Faced by Chinese Companies Going Global
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 7. International Trade Theories and Applications
- 8. Political Economy of International Trade
- Introduction
- Government Intervention in Trade
- Instruments of Trade Control
- International Business in Action Banana Wars
- Region Focus Brazilian Beef Exports
- Industry Focus Setting up Legal Shop in India
- International Trade Regulation
- WTO Agreements
- WTO: An Evaluation
- United Nations Conference on Trade and Development
- Foreign Trade in India
- Analysis of India's Foreign Trade
- Closing Case Liberalization or Protectionism? The BRIICS Story
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 9. Foreign Direct Investment: Theory and Application
- Introduction
- FDI: A Classification
- Industry Focus Kobe Steel's Multi-Pronged Strategy for the Indian Market
- Modes of FDI Entry
- International Business in Action Suzlon Energy: Post-Merger Blues
- Traditional Theories of FDI
- FDI Theories for Emerging-Market Firms
- Effects of FDI
- Region Focus Indian FDI in Africa
- Global FDI Patterns
- Foreign Investment in India
- Closing Case Chinese Investment in Africa
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 10. Regional Economic Integration
- Introduction
- Levels of Economic Integration
- Effects of Integration
- Regional Trading Agreements
- International Business in Action EU Restriction on the Use of Pesticides
- Region Focus US–South Korea Trade Pact
- Commodity Arrangements
- Closing Case The Future of OPEC
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 6. Strategizing Foreign Entry
- Unit IV: Global Monetary Environment
- 11. International Monetary and Financial System
- Introduction
- Basics of Foreign Exchange
- Monetary Systems till the Present
- Contemporary Exchange Rate Systems
- Exchange Rate Arrangements in Practice
- Currency Convertibility
- Industry Focus Currency Controls in Practice
- Region Focus Lessons from the Asian Financial Crisis
- Currency Crisis
- International Financial Systems
- International Business in Action Venezuela's Exchange Rate Policy
- International Financial Institutions
- Closing Case The Indian Experience with Convertibility
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 12. Financing of Global Operations
- Introduction
- Multinational Financial Management
- International Trade Payment and Finance
- International Trade Credit
- Region Focus US EXIM Bank
- Foreign Exchange Risk and Exposure
- Industry Focus Hedging in the Shipping Industry
- International Business in Action Forex Losses for HCL
- Working Capital Management
- Closing Case The Brave New World of Sovereign Wealth Funds
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 13. International Balance of Payments
- Introduction
- Fundamentals of Balance of Payments Accounting
- Types of Balance of Payments Accounts
- International Business in Action Capital Controls in Chile
- Region Focus The Vulnerability of Foreign Credit
- The Balance of Payments in Totality
- Different Approaches to Adjustment
- Closing Case Managing Capital Flows in Emerging Market Economies (EMEs)
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 11. International Monetary and Financial System
- Unit V: Global Business Strategy
- 14. Alliances and Acquisitions
- Introduction
- Strategic Alliances
- International Business in Action R&D in Canadian Aerospace
- Industry Focus Cisco and Tata Consultancy Services Announce Strategic Alliance
- Rationale for Strategic Alliances
- Building Strategic Alliances
- Alliances: An Evaluation
- Acquisitions
- Region Focus India's Cross-Border M&As
- Closing Case Forging Links in Israel
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 15. Technology and Innovation
- Introduction
- Technology
- Region Focus Globalization of the Indian IT Industry
- Technological Innovation
- The National Innovation System
- Patents and Innovation
- Technology Transfer
- Information and Communications Technology (ICT)
- The Internet
- Industry Focus Computers and Cakes Give Cash and Confidence to Peruvian Housewives
- E-Commerce: An Overview
- Drivers of E-Commerce
- International Business in Action E-Commerce in Community-Based Tourism
- Biotechnology
- Virtual Worlds and the Transformation of Business
- Mangerial Implications
- Closing Case The GM Controversy
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 16. International Organizational Structures and Design
- Introduction
- Early Organizational Structures
- International Division Structure
- Global Organizational Structures
- Industry Focus Organizational Rethink at Kimberly-Clark
- International Business in Action Kraft Foods Adopts a Global Structure
- Organizational Strategy and Structure
- Closing Case A Century of Change
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 14. Alliances and Acquisitions
- Unit VI: Building Functional Excellence
- 17. International Marketing
- 18. International Human Resource Management
- Introduction
- Recruitment and Selection
- Region Focus Talent Management at the Tatas
- Training and Development
- Industry Focus Developing a Global Mindset
- Compensation
- International Business in Action Gearing up to Meet China's Talent Shortage
- International Labour Relations
- International Labour Standards
- Closing Case The Expat Experience of Working in China
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 19. International Operations
- Introduction
- Supply-Chain Management
- Industry Focus The Fashion Supply Chain
- International Logistics
- Global Supply Chain Decisions
- Region Focus E-Sourcing
- International Business in Action The Bullwhip Effect in American Manufacturing
- Closing Case Walmart's Strategy
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 20. Accounting for International Business
- Unit VII: Emerging Issues in International Business
- 21. Environmental Issues for International Business
- Introduction
- Climate Change
- Trans-Boundary Pollution
- International Business in Action Oil Pollution in Ecuadorian Rainforests
- International Legal Frameworks
- Kyoto Protocol
- Region Focus Biodiesel from Pongamia Pinnata429
- Environmental Protection and Business Strategy
- Industry Focus Initiatives at Hewlett-Packard
- Wind-Power Industry
- Environmental Management
- Closing Case French Energy Subsidies Fuel Solar Power
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 22. Global Outsourcing
- Introduction
- Forms of Outsourcing
- Drivers of Outsourcing
- Factors behind a Decision to Outsource
- Industry Focus Legal Outsourcing
- Software Industry in India
- International Business in Action Product Development in China
- Public Policies and the Development of India's Software Exports
- Developments in the IT–BPO Sector
- Growth Drivers of India's ITES–BPO Sector
- Problems and Pitfalls of the ITES–BPO Industry
- IT Value Chain
- Region Focus Moving beyond the Back Office
- Managerial Perspective
- Closing Case Indian Software Industry: The Move up the Value Chain
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 23. International Entrepreneurship
- Introduction
- New International Ventures
- Motives of Accelerated Internationalization
- Perspectives on International Entrepreneurship
- International Business in Action Avapreneurship and Born Virtuals
- Characteristics of Accelerated Internationalization
- Industry Focus The Growth of Alibaba.com
- Entrepreneurial Orientation
- Managerial Perspective
- Closing Case Born Global Acquirers from India
- Summary
- Key Terms
- Discussion Questions
- Mini Projects
- 21. Environmental Issues for International Business
- Notes
- Acknowledgements
- Copyright
Unit VI: Building Functional Excellence
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