Cover -- Preface to the Second Edition -- Preface to the First Edition -- Acknowledgement -- Contents -- Chapter 1. International Business: An Overview -- Why Companies Engage in International Business -- Modes of International Business -- Merchandise Exports and Imports -- Service Exports and Imports -- Investments -- Evolution of Strategy in the International Process -- Patterns of Expansion -- Countervailing Forces -- Globally Standardized Versus Nationally Responsive Practices -- Country Versus Company Competitiveness -- Sovereign Versus Cross-National Relationships -- Instruments of International Trade Control -- Tariffs -- Nontariff Barriers: Direct Price Influences -- Nontariff Barriers: Quantity Controls -- Major Differences Between International and Domestic Business -- What can you do with a Major in International -- Challenges of International Trading System -- Impact of Globalization on International Business -- Advantages of International Business -- Disadvantages of International Business -- Barriers to International Business -- Risks in International Business -- Reasons why Government interviene in International Business -- Role of Commercial Banks in International Business -- Laws Affecting International Business Transaction -- Reasons for Doing Cultural Analysis before Starting an International Business -- Countertrade -- Barter -- Offset Trade -- Developing a Corporate Countertrade Strategy -- Impact of Globalization on Indian Economy an Overview -- Liberalisation and Globalisation: Meaning and Processes -- India's Development Strategy prior to 1991 an Evaluation -- Ethical Issues in International Business -- Ethical Problems in International Business -- Ethical Climate and Ethical Problems -- Examples of Unethical Behaviors, Activities, Policies, etc. -- Ethical Decision Making -- Some Principles of Ethical Decision Making.

Summary -- Chapter 2. International Environments -- Cultural Environments -- Cultural Awareness -- Behavioral Practices Affecting Business -- Relationship Preferences -- Introduction -- The Political Environment -- Basic Political Ideologies -- A Political Spectrum -- Democracy -- Totalitarianism -- Political Risk -- Formulating and Implementing Political Strategies -- Legal Issues in International Business -- Introduction -- Countries Classified by Income -- Countries Classified by Region -- Countries Classified by Economic System -- Transition to a Market Economy -- Summary -- Chapter 3. Regional Economic Integration (Trade Blocks) -- Introduction -- The Effects of Integration -- European Union -- EU Expansion -- Where Next for the EU? -- North American Free Trade Agreement (NAFTA) -- India-Asean -- SAARC Summit Held Since 1985 -- Indo-Lanka free Trade Agreement -- Main Activities of UNCTAD -- Purpose -- Data Dissemination Systems -- Cartels -- Summary -- Chapter 4. Trade and Investment Theories -- Introduction -- Mercantilism -- Non-Mercantilism -- Absolute Cost Theory -- Comparative Cost Theory -- Theory of Country Size -- Variety of Resources -- Transport Costs -- Size of Economy and Production Scales -- Land-Labor Relationship -- Labor-Capital Relationship -- Technological Complexities -- Stage 1: Introduction -- Stage 2: Growth -- Stage 3: Maturity -- Stage 4: Decline -- Limitations of PLC Theory -- Market Imperfections Theory -- Internalization Theory -- Eclectic Theory -- Summary -- Chapter 5. International Investment Decisions -- Introduction -- Five Different ways Companies Made Foreign Investment -- Types of Political Risk -- Political Risk and Instability -- Political Risk and Foreign Investment -- Political Risk Assessment -- Managers Perception on Political Risk -- Political Risk Mitigation -- Definition -- Types of Exchange Rate Risk.

International Monetary System -- Summary -- Chapter 6. Globalization -- Introduction -- Globalization of Business -- Obstacles to Globalization -- Factors Favoring Globalization -- Globalization of Markets -- Challenges in Global Pricing -- Summary -- Chapter 7. International Strategic Planning -- Strategic Predispositions -- Strategy Implementation -- Summary -- Chapter 8. Country Evaluation and Selection -- Introduction -- Scan for Alternative Locations -- Choose and Weight Variables -- Opportunities -- Risks -- Collect and Analyze Data -- External Sources of Information -- Allocating Among Locations -- Making Final Country Selections -- Summary -- Chapter 9. WTO and Trade Liberalization -- Introduction -- History -- WTO Ministerial Conferences -- Functions of WTO -- Principles of the Trading System -- Key Areas Uruguay Round Focus -- Agreement on Agriculture -- Copyright -- Trademarks -- Illustrative List of Prohibited Trims -- EU Priorities for Doha -- Doha Development Agenda (Current Issues) -- Important Events in DDA -- History -- Major Issues -- Current Tariff Structure of NAMA -- Duration of Dispute Settlement Mechanism -- Cases Raised Before DSB -- Completed Cases -- Settled Cases -- Summary -- Chapter 10. International Control Strategies -- Introduction -- Planning -- Organizational Structure -- Location of Decision-Making -- Control Mechanisms -- Special Situations -- Types of Control -- Summary -- Chapter 11. International Negotiations -- Introduction -- Governmental Versus Company Strength in Negotiations -- Negotiations in International Business -- Behavioral Characteristics Affecting Negotiations -- Managing International Negotiations -- Summary -- Chapter 12. Export and Import Strategy -- Export Strategy -- Third-Party Intermediaries -- Direct Selling -- Indirect Selling -- Export Financing -- Summary.

Chapter 13. Global Manufacturing and Supply Chain Management -- Introduction -- Global Spread of Production -- Quality -- Supplier Networks -- Make or Buy Decisions -- Inventory Management -- Foreign Trade Zones -- Transportation Networks -- Summary -- Chapter 14. International Conflicts -- Introduction -- Managing Conflict -- Steps for Managing Conflict -- Summary -- Chapter 15. Human Resource Development Across Cultures -- Training in International Management -- Summary -- Chapter 16. Multinational Finance Function -- Introduction -- The Finance and Treasury Functions in the Internationalization Process -- Global Debt Markets -- Eurocurrencies -- International Bonds: Foreign, Euro and Global -- Equity securities and the Euroequity Market -- Offshore Financial Centers -- Internal Sources of Funds -- The Capital Budgeting Decision in an International Context -- Summary -- Chapter 17. Multinational Corporations -- The Concept -- Role of Multinational Corporations -- Multinational Corporate Structure -- Classification of Multinational Corporations Depending on Origin -- Models of Multinational Corporations -- Reasons and Growth of Multinational Corporations -- Criticisms of Multinational Corporation -- Advantages of MNC -- Disadvantages of MNC -- India's Contribution to Multinational Corporations -- Role of Information Technology in International Business -- Role of Expatriates in Global Environment -- Expatriate Success -- Use of Locals (VS) Expatriates -- Expatriate Selection -- Expatriate Training and Development -- The Return of Expatriates -- Expatriate Compensation -- Summary -- Review Questions -- Multiple Choice Questions -- Annexures: Case Studies -- Case Study: Spain -- Case Study: Expansion Plans -- Case Study: Peru -- Case Study: France -- Case Study: Poland -- Case Study: Go East, Young People, Go East -- Case Study: Going to Gdansk.

Case Study: Saudi Arabia -- Case Study: Vietnam -- Case Study: A Chinese Venture -- Case Study: Australia -- Index.