Objective: To familiarize the students with the intricacies of international business in
terms of investment, monetary systems and strategies .
The Globalisation of the world Economy -The Changing Nature of International
Business. Differences in International Business
World business environment –- Political Environment -Economic Environment - Legal
Environment -The Determinants of Economic Development - States in Transition.
Difference in Culture: Introduction - Social Structure - Religion - Language - Education -
Culture and the Workplace - Cultural Change -Cross-Cultural Literacy - Culture and
competitive Advantage. Risks in international business.
The Global Trade and Investment Environment -International trade theory: Introduction -
An Overview of Trade Theory - Absolute Advantage - Comparative Advantage -
Heckscher - Ohlin Theory - The New Trade Theory - National Competitive Advantages -
The Revised Case for Free Trade - Development of the Multilateral Trading System-
WTO & development of World trade - Regional grouping of countries and its impact.
Foreign Direct Investment: Introduction - Foreign Direct Investment in the World
Economy - Horizontal Foreign Direct Investment - Vertical Foreign Direct Investment.
Benefits and advantages to host and home countries.
The Global Monetary System -The Foreign Exchange Market: Introduction - The
Function of the Foreign Exchange Market.
Strategies of International Business - - Strategy and the Firm - Profiting from Global
Expansion - Pressure for Cost Reductions and Local Responsiveness - Strategic Choice.
Mode of Entry and Strategic Alliances: Introduction - Entry Modes - Selecting and Entry
Mode - Strategic Alliances - Making Alliances Work – International Marketing
Exporting, importing and counter trade- introduction - Export and Import Finance-
MBA Common Subjects