Unit
1
International Business: An Overview –
Evolution of International Business, Drivers of Globalization, Influences of
International Business, Stages of Internationalization, Differences between
Domestic and International Business, International Business Approaches,
Advantages of International Business.
Unit 2
Theories of International Trade – Mercantilism, Theory of
absolute cost advantage, Comparative cost advantage theory, Relative factor
endowment theory, Country similarity theory, Product life cycle theory.
Unit 3
International Business Environment – Social and Cultural
Environment, Technological Environment, Economic Environment, Political
Environment.
Unit 4
Modes of Entering International Business – Modes of Entry,
Exporting, licensing, franchising, contract manufacturing, management
contracts, turnkey projects, foreign direct investment, alliances like mergers
and acquisitions, joint ventures, Comparison of Different Modes of Entry.
Unit 5
Foreign
Direct Investment – Factors Influencing FDI, Reasons for FDI, Costs and
Benefits of FDI, Trends in FDI, Foreign Direct Investment in India.
Unit 6
World
Trade Organization – General Agreement on Tariffs and Trade (GATT),
Establishment of World Trade Organization, The Uruguay Round Package:
Organization Structure of the WTO, WTO – The Third Pillar in the Global
Business.
Unit 7
International
Financial Institutions and Liquidity – IMF, World Bank, International
Development Association, International Liquidity and SDR International Finance
Cooperation.
Unit 8
Basics of International Marketing, Basics of Global HRM, Basics
of International Financial Management, Basics of International Accounting.
Unit 9
International Production and Logistics Management – Generic
Strategies of the International Business, Acquisition of Resources, Location
Decisions, International Logistics Management.
Unit 10
Global Strategic Management and Business Ethics – Peculiarities
of Global Strategic Management, Value Creation, Global Strategic Management
Process, Collaborative Strategies, Ethics and Global Business.
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