International Business

Paper Code: 
EMI 422
Credits: 
4
Contact Hours: 
60.00
12.00
Unit I: 
Introduction to I.B. Domestic Business Vs Internation Business-

Meaning, Scope of International Business, Major Participants in International Business.
Why to Study I.B.?
Importance of I.B.
 

12.00
Unit II: 
Understanding The International Business Environment : Cultural Environment

A definition of Culture. Language. Religion, education family, values & additudes, work and leisure, Reference groups adapting to cultural Differences. An analysis of Oriental Cultural environment and western cultural environment.
 

12.00
Unit III: 
Economic & Political Environment :

Political Systems & Systems & Economics policies Globalization & economic reforems, Host contry Political Forces, HostGovernment Actions. Home Country Political Forces.
Macro Economic Environment
Micro economic Environment
Regional economic coorperation like NAFTA, Eu SAARC etc.
 

12.00
Unit IV: 
Legal Environment :

Legal System, Laws Relative to Bribery & Corrupt Practices, Competition, Product liability, Bankruptcy, Intellectual Property rights., Regulatory Trends affecting I.B. World Trade organisation (a detailed study)
 

12.00
Unit V: 
Financial Environment

International Monetary Systems in perspective foreign Exchange
Market-Working & Practical Problems. Transfer Pricing.
 

References: 
  1. Ramu, Shive (1994), International Business, New Delhi : Wheeler Publishing
  2. Thakur & Mishra (1989), International Business.
  3. Fayerweather, International Business Management
  4. Devan, J.M.& Sudershan, K.N. (1996), International Business Management, New Delhi, Discovery Publishing
  5. Robinson,R.D., International Business Management-A Guide to Decision Making, Hindsale, Illinois, The Dryden.