
International Business - Theory And Practice
Theory & Practice
By: M. Reza Vaghefi, William Tomlinson, Steven Paulson
Paperback | 1 January 1991 | Edition Number 1
At a Glance
384 Pages
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Preface | |
Foreword | |
Theory: The Contemporary Environment | |
Overview of International Business | p. 3 |
Introduction | p. 4 |
Current State of International Business | p. 9 |
Multinational Firms in International Business | p. 10 |
World Markets of the 1990s | p. 12 |
Nation-States and World Business | p. 12 |
Globalization of Business | p. 12 |
Summary | p. 13 |
The Institutional Framework | p. 16 |
Introduction | p. 17 |
Institutional Framework of the Post-War 1940s | p. 17 |
Institutional Expansion of the 1950s and 1960s | p. 20 |
Institutional Redirection of the 1970s and 1980s | p. 21 |
World Events Shaping World Economies | p. 21 |
Other International Institutions | p. 23 |
International Business and the Trade Position of the United States | p. 25 |
Summary | p. 28 |
The Geo-Political Environment of International Business | p. 30 |
Introduction | p. 31 |
Domestic Policies and Global Performance | p. 32 |
Political Frameworks and International Business | p. 33 |
Infrastructure and International Business | p. 36 |
The Japanese Infrastructure | p. 37 |
Results of Domestic Policies | p. 37 |
The European Economic Community as a Political Institution | p. 40 |
Summary | p. 41 |
Cultural Environment of International Business | p. 43 |
Introduction | p. 44 |
Current Problems Facing American Firms Abroad | p. 44 |
Influence and Adjustment by Parent Company | p. 45 |
Differing Values of Time | p. 47 |
Nonverbal Communication | p. 47 |
Spatial Customs | p. 48 |
Money and Materialism | p. 49 |
Distribution in Different Cultures | p. 50 |
Expatriates and Local Cultures | p. 51 |
Summary | p. 51 |
Theory: The Economic Environment | |
International Trade Theory | p. 57 |
Introduction | p. 58 |
Absolute and Comparative Advantage | p. 58 |
Wages, Prices, and Comparative Advantage | p. 62 |
Modern Theories of International Trade | p. 63 |
The Leontief Paradox | p. 65 |
Other Modern Theories of International Trade | p. 67 |
Summary | p. 69 |
Foreign Direct Investment | p. 72 |
Introduction | p. 73 |
Definition and Theory | p. 73 |
Nature of Foreign Direct Investment | p. 76 |
Formulating Multinational Investment Policy | p. 80 |
Implementing Multinational Investment Policy | p. 83 |
Summary | p. 85 |
Foreign Exchange | p. 88 |
Introduction | p. 89 |
Exchange Rate | p. 89 |
Spot Rate | p. 91 |
Cross Rate | p. 93 |
The Forward Market | p. 93 |
Changes in the Exchange Rate | p. 94 |
Other Determinants of Foreign Exchange | p. 95 |
International Fisher Effect | p. 97 |
Foreign Exchange Instruments | p. 98 |
Foreign Exchange Restrictions | p. 99 |
Summary | p. 99 |
International Banking | p. 102 |
Introduction | p. 103 |
Definition | p. 103 |
Watching the Local Economy | p. 103 |
International Banking | p. 105 |
Protection of the Assets | p. 107 |
Eurodollar Market and International Banking | p. 111 |
The World Bank | p. 114 |
Summary | p. 116 |
Balance of Payments | p. 118 |
Introduction | p. 119 |
Definition and Relevance | p. 119 |
Balance of Payments Components | p. 119 |
BOP Disequilibrium | p. 127 |
BOP Adjustment Methods | p. 130 |
Bretton Woods | p. 130 |
Summary | p. 133 |
Practice: The Functional Environment | |
Structures and Forms of International Business | p. 137 |
Introduction | p. 138 |
Strategy and Patterns of Structural Growth | p. 139 |
Forms of International Business | p. 145 |
Summary | p. 149 |
International Human Resource Management | p. 152 |
Introduction | p. 153 |
IHRM Management Practices | p. 153 |
Employment | p. 156 |
Training and Development | p. 157 |
Employee and External Relations | p. 159 |
Compensation and Benefits | p. 163 |
Summary | p. 165 |
International Marketing | p. 169 |
Introduction | p. 170 |
Definitions and Differences | p. 170 |
Single Versus International Markets | p. 171 |
Governmental Role | p. 171 |
Product Strategy | p. 171 |
Distribution System | p. 177 |
Summary | p. 178 |
International Law | p. 181 |
Introduction | p. 182 |
Jurisdiction Issue | p. 182 |
Export Administration Act | p. 183 |
The ICC in World Trade | p. 185 |
Contract Termination | p. 188 |
Other International Business Legal Issues | p. 189 |
Summary | p. 190 |
International Finance | p. 192 |
Introduction | p. 193 |
Foreign Exchange Risk | p. 193 |
Political Risk | p. 197 |
Parent-Subsidiary Financing | p. 198 |
Managing Blocked Funds | p. 200 |
International Capital Markets | p. 202 |
Summary | p. 203 |
International Accounting and Taxation | p. 205 |
Introduction | p. 206 |
Multinational Accounting Issues | p. 206 |
Development of International Accounting | p. 206 |
Application of the FASB Stipulation | p. 208 |
Accounting and Foreign Currency | p. 209 |
Transactions of a Multinational's Subsidiary | p. 209 |
International Taxation | p. 211 |
Summary | p. 217 |
Practice: The Emerging Environment | |
Conflicts to Resolve | p. 221 |
Introduction | p. 222 |
Conflicts Within Home Country | p. 223 |
Conflicts With Host Country | p. 226 |
Multilateral Institutions and the Role of GATT | p. 227 |
Summary | p. 233 |
Technology Transfer | p. 235 |
Introduction | p. 236 |
Technology Choice | p. 236 |
Simple and Complex Models | p. 238 |
Implication of Technology Transfer | p. 243 |
Summary | p. 246 |
Ethics and Global Trade | p. 248 |
Introduction | p. 249 |
Pesticides | p. 249 |
Drugs | p. 250 |
The Problem | p. 251 |
Baby Formula | p. 251 |
Ethics in the Marketplace | p. 252 |
International Power Base | p. 253 |
Whose Ethics? | p. 253 |
Cigarette Smoking is Dangerous to Your Health | p. 254 |
Summary | p. 255 |
Global Competitiveness | p. 257 |
Introduction | p. 258 |
U.S. Position After 1971 | p. 260 |
U.S. Competitiveness in the World Economy | p. 261 |
Protectionism and Subsidies | p. 261 |
Unions and the U.S. Economy | p. 264 |
Industrial Policy in a Decentralized Economy | p. 264 |
Sources of Strength in the U.S. Economy | p. 266 |
Rival Conditions | p. 267 |
Manufacturing Comeback | p. 267 |
Factor Cost Advantage | p. 268 |
Summary | p. 270 |
Epilogue | p. 272 |
Introduction | p. 273 |
Major Trends | p. 273 |
Technological and Organizational Changes | p. 275 |
Transnational Corporations and International Trade | p. 277 |
Transnational Corporations and Economic Development | p. 278 |
Employment, Environment, and Socio-Cultural Aspects | p. 280 |
Role of Transnational Corporations in Services | p. 283 |
National Policies on TNCs | p. 285 |
Summary | p. 286 |
Index | p. 289 |
About the Authors | p. 299 |
Table of Contents provided by Blackwell. All Rights Reserved. |
ISBN: 9780844816906
ISBN-10: 0844816906
Series: International Business and Trade Series
Published: 1st January 1991
Format: Paperback
Language: English
Number of Pages: 384
Audience: Professional and Scholarly
Publisher: CRC PR INC
Country of Publication: GB
Edition Number: 1
Dimensions (cm): 25.0 x 17.5 x 1.75
Weight (kg): 0.56
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