Grade "A+" Accredited by NAAC with a CGPA of 3.46
The purpose of this course is to give an overview of the process of globalization and it’s impact on business environment. The emphasis is on understanding the changes in organizations and their strategies in the global environment.
At the end of the course, students should be able to:
Unit I (3 weeks)
Globalization Process: Globalization vs internationalization; role of foreign direct investment; transnational or multinational corporations; transnational corporations as drivers of global economy; trends in globalization process; global and local markets; transnationality of firm.
References:
Janet Morrison (2002) The International Business Environment: Diversity and the Global Economy.2nd ed Palgrave Macmillan (Chapter 2)
Sonia Gupta (2015) International Business. Mc Graw Hill Education (India) Pvt. Limited. (Chapter 7)
Unit II (4 weeks)
World trade and International Competitive Environment: International trade theories (theory of comparative advantage, newer trade theories, porter’s theory of competitive advantage, product life cycle theory); Trade policy and national priorities; tools of Government trade policy; International regulation of trade (GATT principles, WTO); Regionalism (EU, NAFTA, Regionalism in Asia); Regionalism vs Multilateralism; developing countries and world trade; globalization and world trading system.
References:
Janet Morrison (2002) The International Business Environment: Diversity and the Global Economy.2nd ed Palgrave Macmillan (Chapter 9)
Sonia Gupta (2015) International Business. Mc Graw Hill Education (India) Pvt. Limited. (Chapter 10 and Chapter 11)
Unit III (2 weeks)
International Financial Environment: Foreign direct investments (pattern, structure and effects); movements in foreign exchange and interest rates and their impact on trade and investment flows.
References:
Sonia Gupta (2015) International Business. Mc Graw Hill Education (India) Pvt. Limited. (Chapter 14 and Chapter 15)
Unit IV (3 weeks)
International Financial Institutions and Agreements: IMF, World Bank, UNCTAD, agreement on textile and clothing (ATC), GSP, GSTP and other international agreements; International commodity trading and agreements, International liquidity.
Reading: Janet Morrison (2002) The International Business Environment: Diversity and the Global Economy.2nd ed Palgrave Macmillan (Chapter 11)
References:
Sonia Gupta (2015) International Business. Mc Graw Hill Education (India) Pvt. Limited. (Chapter 16)
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