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Fundamentals of International Business With Infotrac,9780324259643
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Fundamentals of International Business With Infotrac

by
Edition:
1st
ISBN13:

9780324259643

ISBN10:
0324259646
Format:
Paperback
Pub. Date:
4/7/2003
Publisher(s):
South-Western College Pub
List Price: $234.95
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Summary

Fundamentals of International Business is a concise introduction to international business with special emphasis on the environmental and cultural issues facing global organizations. The distinguished author team's academic and practitioner experience both in business and government ensures a balance of research and practical insight. The text includes the latest trade data presented in easy to understand tables and graphs. Contemporary business situations and critical events are featured and discussed in each chapter-with special attention to the impact technology. Throughout the text every effort has been made to present complex ideas in an easy-to-understand language and format. The brief length, balance, and reader-friendly features make this an affordable and manageable choice.

Table of Contents

Preface vii
PART 1 GLOBALIZATION
1(22)
Globalization
2(21)
International Business: Opportunity and Conflict
2(1)
Welcome to the World of Global Business
3(2)
What Is Global Business?
4(1)
Global Links Today
5(4)
U.S. International Trade Position
9(6)
Global Business Imperative
10(5)
International Business in a New Era of Risk and Uncertainty
15(1)
The International Reaction
15(1)
Structure of the Book
16(3)
Summary
19(4)
PART 2 GLOBALIZATION DRIVERS
23(112)
Cultural Environment
24(27)
Russian Rap, Mando-pop, and Telenovelas: TV's Cross-cultural Reach
24(1)
What Is Culture?
25(3)
Elements of Culture
28(14)
Language
28(3)
Nonverbal Language
31(1)
Infrastructure
32(1)
Education
33(1)
Social Institutions
34(2)
Religion
36(3)
Values and Attitudes
39(1)
Manners and Customs
40(1)
Aesthetics
41(1)
Understanding Cultural Differences
42(2)
Gaining Cultural Knowledge
44(4)
Developing Cultural Competence
44(1)
Formal Training Programs
45(1)
Culture Shock
46(2)
Summary
48(3)
Global Trade Environment
51(28)
Bioengineering or Bioprofiteering?
51(1)
What Are Trade and Investment Policies?
52(2)
Influence of Domestic Policy
52(1)
Influence of Foreign Policy
53(1)
Conflicting Policies
53(1)
Post-War Global Trade Regulation
54(2)
The World Trade Organization
55(1)
Changes in the Global Policy Environment
56(4)
Reduction of Domestic Policy Influences
56(4)
Weakening International Institutions
60(1)
Conflict between Industrialized and Developing Nations
61(2)
Policy Responses to Changing Conditions
63(1)
Import Restrictions
63(6)
Tariffs and Quotas
66(1)
Nontariff Barriers
66(1)
Effects of Import Restrictions
67(1)
Export Restrictions
68(1)
Export Promotion
68(1)
Import Promotion
69(1)
Investment Policies
69(4)
Host-Country Perspective on Investment Policies
70(1)
Positive Effects
70(1)
Negative Effects
71(2)
Home-Country Perspective on Investment Policy
73(2)
Restrictions on Investment
74(1)
Investment Promotion
74(1)
Summary
75(4)
Politics and Laws
79(25)
Guns, Corruption, and Terrorism
79(1)
Home-Country Perspective
80(7)
Embargoes and Sanctions
82(1)
Export Controls
83(2)
Regulating International Business Behavior
85(2)
Host-Country Perspective
87(11)
Political Action and Risk
87(5)
Economic Risk
92(2)
Managing Risk
94(1)
Legal Differences and Restraints
95(3)
Influencing Politics and Laws
98(1)
International Relations and Laws
98(2)
International Politics
99(1)
International Law
99(1)
Summary
100(4)
Economic Integration
104(31)
Building Blocks toward Worldwide Free Trade
104(1)
Levels of Economic Integration
105(3)
The Free Trade Area
106(1)
The Customs Union
107(1)
The Common Market
107(1)
The Economic Union
107(1)
Costs and Benefits of Economic Integration
108(2)
Trade Creation and Trade Diversion
108(1)
Reduced Import Prices
109(1)
Increased Competition and Economies of Scale
109(1)
Higher Factor Productivity
109(1)
Regionalism versus Nationalism
110(1)
European Integration
110(7)
Development of the European Union
110(3)
Evolution of European Economic Union into European Community
113(2)
Implications of the Integrated European Market
115(2)
North American Economic Integration
117(3)
U.S.--Canada Free Trade Agreement
117(1)
North American Free Trade Agreement
117(1)
Gains and Losses
118(2)
Other Economic Alliances
120(3)
Integration in Latin America
120(1)
South American Trading Bloc---Mercosur
120(1)
Andean Common Market---ANCOM
121(1)
Central American Common Market---CACM
122(1)
Caribbean Common Market---CARICOM
122(1)
Free Trade Area of the Americas---FTAA
122(1)
Integration in Asia
123(7)
Association of Southeast Asian Nations (ASEAN)
123(1)
Integration of Indian Subcontinent
123(3)
Integration in Africa
126(1)
Integration in the Middle East
127(1)
Other Cooperative Trace Relationships
127(1)
Cartels
128(1)
Commodity Price Agreements
129(1)
Economic Integration and the International Manager
130(2)
Effects of Change
130(1)
Long-Term Strategic Planning
130(1)
Reorganization
131(1)
Lobbying
131(1)
Summary
132(3)
PART 3 GLOBAL TRADE AND INVESTMENT
135(55)
Trade and Investment Theory
136(31)
Made in China
136(2)
The Age of Mercantilism
138(1)
Why Countries Trade
138(1)
Absolute Advantage and the Division of Labor
139(8)
Comparative Advantage
141(1)
A Numerical Example of Classical Trade
141(1)
National Production Possibilities
142(2)
The Gains from International Trade
144(2)
Applying Classical Trade Theory
146(1)
Factor Proportions Trade Theory
147(4)
Factor Intensity in Production
147(2)
Factor Endowments, Factor Prices, and Comparative Advantage
149(1)
The Leontief Paradox
150(1)
Linder's Overlapping Product Ranges Theory
150(1)
International Investment and Product Cycle Theory
151(4)
Stages of the Product Cycle
152(1)
Trade Implications of the Product Cycle
152(2)
Contributions of Product Cycle Theory
154(1)
The New Trade Theory
155(3)
Economies of Scale and Imperfect Competition
155(1)
The Competitive Advantage of Nations
156(2)
Theory of International Investment
158(5)
The Theory of Foreign Direct Investment
159(1)
Firms As Seekers
159(1)
Firms As Exploiters of Imperfections
160(1)
Firms As Internalizers
161(1)
Strategic Implications of Foreign Direct Investment
162(1)
Summary
163(4)
The International Economic Activity of the Nation
167(23)
China Joins the Club
167(1)
International Transactions and the Balance of Payments
168(3)
Basics of BOP Accounting
169(1)
Identifying International Economic Transactions
169(1)
BOP As a Flow Statement
169(1)
BOP Accounting: Double-Entry Bookkeeping
170(1)
BOP Current Account
171(2)
Goods Trade
171(2)
BOP Capital and Financial Account
173(8)
Direct Investment
175(3)
Portfolio Investment
178(1)
Current and Financial Account Balance Relationships
178(2)
Net Errors and Omissions
180(1)
Official Reserves Account
180(1)
The Balance of Payments in Total
181(2)
The Balance of Payments and Economic Crises
183(4)
The Asian Crisis
184(3)
Summary
187(3)
PART 4 GLOBAL FINANCE
190(52)
Foreign Exchange and Global Financial Markets
191(26)
Advent of the Euro
191(1)
The Purpose of Exchange Rates
192(3)
What Is a Currency Worth?
192(1)
The Law of One Price
193(2)
The Market for Currencies
195(5)
Exchange-Rate Quotations and Terminology
196(1)
Direct and Indirect Quotations
196(2)
Cross Rates
198(1)
Foreign Currency Market Structure
199(1)
Evolution of the Global Monetary System
200(6)
The Gold Standard
200(1)
Interwar Years, 1919--1939
201(1)
The Bretton Woods Agreement, 1944--1971
201(2)
Times of Crisis, 1971--1973
203(1)
Floating Exchange Rates, 1973--Present
204(2)
International Money Markets
206(2)
Eurocurrency Markets
206(1)
Eurocurrency Interest Rates
206(1)
Linking Eurocurrency Interest Rates and Exchange Rates
207(1)
International Capital Markets
208(3)
Defining International Financing
210(1)
International Banking and Bank Lending
211(1)
Structure of International Banking
211(1)
International Security Markets
212(1)
The International Bond Market
212(1)
International Equity Markets
213(1)
Gaining Access to Global Financial Markets
214(1)
Summary
214(3)
Global Financial Management
217(25)
Offshore Centers Under Fire
217(1)
Global Financial Goals
218(1)
International Capital Budgeting
218(3)
Capital Budget Components and Decision Criteria
219(1)
A Proposed Project Evaluation
219(2)
Risks in International Investments
221(1)
Capital Structure: International Dimensions
221(4)
The Capital Structure of Foreign Subsidiaries
223(1)
International Working Capital and Cash Flow Management
223(1)
Operating Cash Flows and Financing Cash Flows
223(1)
Cash Flow Management
224(1)
Foreign Exchange Exposure
225(3)
Managing Transaction Exposure
225(1)
Managing Economic Exposure
226(2)
Managing Translation Exposure
228(1)
International Accounting
228(6)
Worldwide Accounting Standards
229(2)
Principal Accounting Differences across Countries
231(3)
International Taxation
234(1)
Tax Jurisdictions
234(1)
Tax Types
234(1)
Financing Import/Export Operations
235(4)
Trade Financing Using a Letter of Credit
235(4)
Summary
239(3)
PART 5 GLOBAL OPERATIONS
242(121)
Exporting and Global Expansion
243(35)
Epiphany Helps Find the CRM of the Crop
243(1)
Globalization Drivers
244(3)
Why Go Global?
246(1)
Strategic Planning for Global Expansion
247(3)
Management Commitment
247(1)
Internal Organizational Factors
248(1)
Market and Competition Analysis
249(1)
Competitive Strategy Formulation
249(1)
International Business Research
250(2)
Why Conduct Research?
250(1)
Pre-Entry Research
250(1)
Market Expansion Research
251(1)
Conducting Secondary Research
252(2)
Governments Resources
252(1)
International Organizations
252(1)
Electronic Information Services
253(1)
Interpreting Secondary Data
254(1)
Conducting Primary Research
254(7)
Determining Research Techniques
254(1)
Interviews
255(1)
Focus Groups
255(1)
Observation
255(1)
Survey Research
256(1)
Experimentation
257(1)
Ongoing Research
257(2)
Target Country Selection
259(1)
Target Market Segmentation
259(1)
Global Program Development
260(1)
Global Market Entry Strategies
261(6)
Exporting and Importing
261(4)
International Licensing
265(2)
International Franchising
267(1)
Global Market Development Strategies
267(6)
Strategic Alliances
267(1)
Informal Alliances
268(1)
Contractual Agreements
269(1)
Management Contracts
270(1)
Equity Participation
270(1)
Joint Ventures
270(1)
Consortia
271(1)
Elements of Successful Alliances
272(1)
Full Ownership
272(1)
A Comprehensive View of International Expansion
273(1)
Summary
274(4)
Global Marketing
278(28)
A Global Product Launch
278(1)
Standardization for Global Markets
279(1)
Product Policy
280(7)
Regional, Country, or Local Characteristics
280(2)
Product Characteristics
282(2)
Company Considerations
284(1)
Product Line Management
285(1)
Product Counterfeiting
285(2)
Pricing Policy
287(3)
Export Pricing
287(1)
Quoting Export Prices
288(1)
Foreign Market Pricing
288(1)
Transfer Pricing
289(1)
Distribution Policy
290(5)
Channel Design
290(5)
Promotional Policy
295(8)
Advertising
297(2)
Personal Selling
299(3)
Sales Promotion
302(1)
Public Relations
302(1)
Summary
303(3)
Global Supply Chain
306(27)
Speeding the Supply Chain
306(1)
Global Logistics
307(3)
Supply-Chain Management
308(1)
New Dimensions of Global Logistics
309(1)
Global Transportation Issues
310(11)
Transportation Infrastructure
310(1)
Availability of Modes
311(1)
Ocean Shipping
311(1)
Air Shipping
312(1)
Selecting a Mode of Transport
313(4)
Export Documentation
317(2)
Terms of Shipment and Sale
319(2)
Global Inventory Issues
321(5)
Order Cycle Time
321(3)
Desired Customer Service Levels
324(1)
Inventory As a Strategic Tool
325(1)
Global Packaging Issues
326(1)
Global Storage Issues
327(3)
Storage Facilities
327(2)
Special Trade Zones
329(1)
Summary
330(3)
Managing Globally
333(30)
Procter & Gamble: Organization 2005
333(2)
Organizational Structure
335(7)
Stage 1 and 2---Little or No Formal Organization
335(1)
Stage 3---The International Division
336(1)
Stage 4---The Global Organization
337(5)
Organizational Structure and Decision Making
342(5)
Locus of Decision Making
342(1)
Factors Affecting Structure and Decision Making
343(1)
Global Networks
344(1)
Promoting Internal Cooperation
345(1)
Role of Country Organizations in Decision Making
346(1)
Controls
347(2)
Types of Controls
347(1)
Bureaucratic/Formalized Control
348(1)
Cultural Control
348(1)
Managing a Global Workforce
349(6)
Early Stages of Globalization
349(1)
Advanced Stages of Globalization
349(1)
Interfirm Cooperative Ventures
350(1)
Selecting Managers for Overseas Assignments
351(1)
Compensating Global Managers
352(2)
Nonsalary-Related Allowances
354(1)
Managing a Global Workforce
355(5)
Labor Participation in Management
357(1)
Labor Participation in Decision Making
357(1)
The Role of Labor Unions
358(1)
Human Resource Policies
358(2)
Summary
360(3)
PART 6 THE FUTURE
363
The Future
364
Key Concerns of CEOs
364
The Global Business Environment
365
The Political Environment
365
Planned versus Market Economies
366
The North-South Relationship
366
Emerging Markets
368
The Effects of Population Shifts
369
Financial Environment
369
Technological Environment
371
Global Trade Relations and Government Policy
372
Government Policy
374
Crisis and Change
375
The Future of Global Business Management
378
Global Strategy Development
378
Global Product Policy
379
Global Pricing
380
Distribution Strategies
380
Global Communications
382
Careers in Global Business
382
Further Training
382
Employment Experience
382
Self-Employment
385
Summary
385
Glossary
Name Index
Subject Index


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