FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS
INTERNATIONAL BUSINESS
UNIT - I
Introduction and Overview
Introduction and Overview : Introduction - The Globalization of the World Economy - The
Changing Nature of International Business - Differences in International Business.
UNIT - II
Country Factors
National Differences in Political Economy : Introduction - Political Systems - Economic Systems
- Legal Systems - The Determinants of Economic Development - States in Transition.
Differences in Culture : Introduction - Social Structure - Religion - Language - Education -
Culture and the Workplace - Cultural Change - Cross-Cultural Literacy - Culture and
competitive Advantage.
UNIT - III
The Global Trade and Investment Environment
International trade Theory : Introduction - An Overview of Trade Theory - Mercantilism -
Absolute Advantage - Comparative Advantage - Heckscher-Ohlin Theory - The New Trade
Theory - National Competitive Advantage - Porter's Diamond.
The Revised Case for Free Trade - Development of the World - Trading System - WTO &
development of World trade - Regional grouping of countries and its impact.
UNIT - IV
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 Functions of the Foreign Exchange Market.
