This paper will acquaint students with the latest developments in the international business relationships and agencies funding for country’s development.
At the end of the course, students should be able to:
Unit I (3 weeks)
Review of Economic Theory on International Trade: Basis for international trade; gains from trade; distributional issues, policy instruments and their impact, political economy. Importance, nature and scope of international relation, modes of entry into international business, internationalization process and managerial implications; Domestic, foreign and global environments and their impact on international business decision; Growing concern for green trades.
References:
Lee H. Radebaugh, Daniel P. Sullivan, Prashant Salwan John D. Daniels International Business Environments and Operations (15th ed), Pearson Chapter – 1
Unit II (3 weeks)
International economic & trading environment: Regional integration and trade blocks, regionalism v/s. multilateralism, European Union, integration of developing countries – BRICS, ASEAN, SAARC, SAFTA, NAFTA, G-20; World trade in goods and services – Major trends and developments; World trade and protectionism – Tariff and non-tariff barriers; Counter trade, UNCTAD, WTO, GATT, GATS, TRIM, TRIPS; India’s role in facilitating trade relations under BRICS, SAARC, SAFTA, ASEAN and to WTO.
References:
Lee H. Radebaugh, Daniel P. Sullivan, Prashant Salwan John D. Daniels International Business Environments and Operations (15th ed), Pearson Chapter – 2, 3 & 4
Unit III (2 weeks)
International investment: Types and significance of foreign investments, factors affecting international investment, growth and dispersion of FDI, Cross border mergers and acquisition, foreign investment in India-Impact of reforms on competitiveness of the Indian Firms, EURO/ADR issues, ECBs; current economic crises in US/Europe/Asia and its impact on economic growth in India.
References:
Lee H. Radebaugh, Daniel P. Sullivan, Prashant Salwan John D. Daniels International Business Environments and Operations (15th ed), Pearson Chapter – 5,6 7, 12, 13, 14 & 15
Unit IV (3 weeks)
Economic institutions – International Monetary Funds (IMF), World Bank (IBRD, IDA, IFC), Asian Development Bank, BRICS Development Bank, European Bank for Reconstruction and Development, Bilateral funding arrangements with special reference to Japan International Cooperation Agencies (JICA), agencies of USA; Case studies on Bilateral financing arrangements of Indian projects like Delhi Metro, Dedicated Freight corridor, Nuclear Power Plant etc.
References:
These MLAs will be studied directly from their respective websites like:
https://www.imf.org/en/About ; https://www.worldbank.org/ ; https://www.adb.org/ ; https://www.jica.go.jp
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