MARIAN INTERNATIONAL INSTITUTE OF MANAGEMENT

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INTERNATIONAL BUSINESS ENVIRONMENT

By: CHERUNILAM, FRANCIS
Material type: TextTextPublisher: HIMALAYA PUBLISHING HOUSE Edition: 4ISBN: 978-818318749Subject(s): INTERNATIONAL BUSINESS AND ITS ENVIRONMENT Significance, Nature and Scope of International Business Growing relevance of international business; nature and dimensions of international business; types of international business; importance of international business. An Overview of Business Environment Levels of environment; internal environment; external environment. Environment of International Business Business Environment and Strategic Decisions in International Business Economic Environment Nature of the economy; international economic gap; structure of the economy; economic policies; economic conditions; economic environment and business. Political and Regulatory Environment Economic roles of government; economic systems; new tribalism; international legal environment; international regulations. Demographic Environment Population size; falling bith rate and changing age structure; migration and ethnic aspects. Social/Cultural Environment Meaning of culture; organisation of culture; cultural adaptation; cultural shock; cultural conformity; cultural lag; cultural traits; cultural stereotypes; religion; language; culture and organisational behaviour; some other social/cultural factors. Geographic Environment • Regional Economic Integration (Trade Blocs) Types of integration; theory of customs union; European union; Indo-EU trade; the Euro; other regional groupings; economic integration of developing countries. South-South Cooperation SAARC; SAPTA; Indo-Lanka Free Trade agreement. International Commodity Agreements Quota agreements; buffer stock agreements; bilateral/multilateral contacts; cartels; GSP and GSTP. International Monetary Fund Primary purposes; organiston and management; resources; financing facilities and policies: technical assistance; Special Drawing Rights (SDRs); IMF and international liquidity. World Bank Purposes; guiding principles; lending programmes; International Development Association; World Bank assistance to India; an evaluation ,_of/IMF-World Bank; International Finance Corporation. Asian Development Bank. International Trade Centre World Trade Organisation GATT The Uruguay Round; World Trade Organisation; the WTO agreements—a bird's eye view; Salient features of UR agreement; GATS; TRIMs; TRIPs; IRPS and developing countries; Patents; dispute settlement; anti-dumping measures; an evaluation of UR agreement; evaluation of WTO; WTO and developing countries; UR agreement and India. INTERNATIONAL TRADE AND INVESTMENT THEORIES Trade Theories Mercantilism; Absolute Cost theory; Comparative Cost theory; Opportunity Cost theory; Factor Endowment Theory; complementary trade theories — Stolper-Samuelson theorem; intra-industry trade; economies of scale; different tastes; technological gaps and product life cycles; availability and non-availability; trade in intermediate goods; non-traded goods; Dutch disease; transportation cost and international trade. Investment Theories Theory of Capital Movements; Market Imperfections Theory; Internalisation Theory; Appropriability Theory; Location Specific Advantage Theory; Eclectic Theory; other theories Summary INTERNATIONAL TRADE AND PAYMENTS Government Influence on Trade Protectionism; tariff barriers; non-tariff barriers (NTBs); state trading. Foreign Trade Policy Regulation of foreign trade; export promotion; incentives; production assistance/facilities; marketing assistance; EPZs, EOUs,-TPs&SEZs; special economic zones (SEZs); export houses and trading houses; evaluation of export promotion measures. Global Trade in Merchandise Growth of international trade; distribution of global trade; composition of global trade; global trade and developing countries. Countertrade Forms of countertrade; growth of countertrade; drawbacks. Trade in Services Growing importance of services; major service traders; restrictions; LDCs vs MDCs; Global Sourcing Offshoring of'services. Global Trade and Developing Countries Degree of Dependence Independence; interdependence; dependence Balance of Payments Meaning; balance of trade and balance of payments; nature of balance of payments accounting; components of balance of payments; balance of payments disequilibrium; correction of balance of payments disequilibrium; financing of BOP deficit. Trade and BoP of India Trade performance of India; major exports; major imports; direction of trade; balance of payments major problems of India's export. .INTERNATIONAL INVESTMENT Types of Foreign Investment Significance of Foreign Investment FDI and production linkages; trade and investment. Factors Affecting International Investment Host country economic determinants. Growth and Dispersion of FDI Cross-border M&As Foreign Investment in India The new policy; FII investments; Euro/ADR issues, mergers and acquisitions. Foreign Investment by Indian companies Summary . MULTINATIONAL CORPORATIONS Definition and Meaning Organisational Models Multinational corporation; international organisation model; global organisation model; transnational. Importance and Dominance of MNCs MNCs and international production; MNCs and international production; benefits of MNCs; problems; perspective. Code of Conduct Multinationals in India Transfer of Technology Levels of / channels of technology flow; methods of technology transfer; issues in transfer of technology; promotion and regulation. Summary . GLOBAL COMPETITIVENESS Determinants / Indicators of Competitiveness Competitive Advantage of Nations Factor conditions, demand conditions; related and supporting industries; role of government and chance. Technology and Global Competitiveness IT revolution and business environment; role of innovation; technological leadership and followership; technology and competitive advantage; sources of technological dynamics; time lags in technology introduction/ absorption; appropriate technology and technology adaptation; impact of technology on globalization . INTERNATIONAL.OPERATIONS MANAGEMENT Global Supply Chain Management Make or buy?; global sourcing; partnering/relationship marketing; international logistics. Partnering/Relationship Marketing International logistics. Global manufacturing strategies Location strategy. Country Evaluation and Selection Market selection process; determinants of market selection. International Hunan Resource Management Factors affecting international HRM; staffing policy. International Negotiation Stages of negotiation; prerequisites for effective negotiation; cultural problems in international negotiations; government versus company strengths in negotiations. International Asset Protection Coercion and pressure; bilateral and multilateral agreements; insurance cover; protection of IPRs. Summary INTERNATIONAL MONETARY SYSTEM AND FOREIGN EXCHANGE MARKE International Monetary System The pre-Bretton Woods period; a breakdown of the Bretton Woods system and emergence of managed floating; EMS, EU, and Euro. Foreign Exchange Market Functions of foreign exchange market; dealings on the foreign exchange market; spot and forward exchanges; futures; options; swap operations; arbitrage; determination of exchange rates; purchasing power parity theory; balance of payments theory; exchange control; exchange rate systems; exchange rate classifications; convertibility of the rupee; devaluation; international banking; offshore financial centres; Eurocurrency market. Exchange Rate of Indian Rupee : Policies and Trends Pegged exchange rate system (1971 to 1992); flexible exchange rate system (since March 1993); recent trends in currency values; impact of rupee appreciation. Capital Account Convertibility-India's Forex Reserves Devaluation International Banking Offshore financial centres. Eurocurrency Market Meaning and scope; important features of the market; origin and growth; factors that contributed to the growth; an evaluation of the Euro dollar market. Currency Exchange Risks and their Management Types of foreign exchange risks; strategies for managing foreign exchange rate risks. Internationalization of Stock Markets Foreign Exchange Management Act (FEMA) Summary . Globalization Globalisation of World Economy Globalisation of Business Meaning and dimensions Features of Current Globalisation New markets; new actors; new rules and norms; new (faster and cheaper) tools of communication. Stages of Globalisation Essential Conditions for Globalisation Foreign Market Entry Strategies Exporting; licensing and franchising; contract manufacturing; management contracting; wholly-owned manufacturing facilities; assembly operations; joint ventures; third-country location; mergers and acquisitions; strategic alliance; countertrade. Pros and Cons of Globalisation Globalisation of Indian Business Obstacles to globalization; factors favoring globalization. Some Social Issues in International Business Business ethics; social responsibility of business; environmental issues; labour issues. Summary CASES McKinsey's agenda for India's economic reforms . Natural thrust . The swap . Different for gamble . Whose basmati is it? . Mahindra and Mahindra The sensex The environmental services business 1. The moving lobbying The Dabhol negotiation game LIST OF BOXES Diminishing power of nation-states The collapsing birthrate and national suicide The surging Indian market And a global culture The participation gap The most unkindest cut Export country-product matrix 12 commandments of foreign direct investment The prowess of MNCs India and China in global competitiveness report Shrinking time, shrinking space, disappearing borders- but for whom? Fluctuating fortunes Drivers of globalisation LIST OF FIGURES Foreign market entry and operating forms Impact of exports on average unit cost International business and PLC Factors influencing business decisions The business environment Environment of international business
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Text book Text book MIIMLIBRARY
RACK NO-18 658.049 (Browse shelf) Checked out 15.08.2025 428

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