Chapter 1

Globalization and International Business

Concepts of domestic, international, global business; opportunities, challenges; drivers of globalization.

Chapter 2

Global Economy and Regional Economy

Global economic structures, MNCs, strategies, problems, global business demographics, economic integration.

Chapter 3

National Differences in Socio-cultural Environment

Socio-cultural factors, determinants of culture, communication, values, norms, handling cultural differences.

Chapter 4

National Differences in Political Environment

Political systems, democracy vs totalitarianism, political risk types, impact on international business.

Chapter 5

National Differences in Economic Environment

Economic systems, inflation, GDP, HDI, levels of development, economic indicators.

Chapter 6

International Financial Environment

Foreign exchange markets, spot and forward markets, rate quotations, cross rates, long/short positions.

Chapter 7

Strategies for International Business

International strategy management, market entry modes, export, import, strategic alliances.

Chapter 8

Functional Management and Operation of IB

Polycentric, ethnocentric, regiocentric, geocentric approaches; global marketing, product and pricing strategy.