With the incisive and comprehensive exploration of international business in the modern world, in this edition of International Business, an accomplished team of educators and business practitioners delivers a revitalized approach to the discipline that brings international business to life. This edition of the book includes one-of-a-kind chapters on sustainability, poverty, and innovation, as well as explorations of the COVID-19 pandemic and its effects on commerce, the business implications of social and civic justice, race, and inequality debates, and new case studies including one on equity, diversity, and inclusion at Microsoft. The book efficiently prepares students for the global economy and transforms the authors’ impressive international experience at multinational corporations into an indispensable pedagogical resource.
This international adaptation further strengthens the bond between the readers and the contemporary world of international business through the introduction of new case studies, caselets, illustrations, and exhibits related to India-Australia bilateral trade association, solar mamas of Sudan, evolution of Islamic banking in Tanzania, McDonald's kosher menu in Israel, and so on. It takes us through the emerging factors affecting the international business such as digital transformation and global supply-chain strategies post COVID-19. Critical thinking questions added at the end of each chapter will encourage the students to think analytically and delve deeper into the topic.
Table of Contents
ABOUT THE AUTHORS v
PREFACE vi
ACKNOWLEDGMENTS x
1 Globalization 1
2 International Business Analytic Tools 23
3 Political Systems 42
4 The Legal Environment 69
5 Economic Systems 92
6 Currency and Foreign Exchange 117
7 Trade Theories 140
8 Culture 167
9 Sustainability 188
10 Poverty 209
11 Technological Change and Infrastructure 231
12 Global Innovation and Intellectual Property 262
13 Country Selection and Entry Modes 287
14 International Strategy 311
15 International Organizational Structures 333
16 Global Leadership 357
17 Global Marketing 376
18 Global Operations and Supply-Chain Management 397
19 Global Human Resource Management 421
20 Global Finance and Accounting 443
GLOSSARY 464
INDEX 473
