Basics of International Business

Paper Code: 
IBG 116
Credits: 
3
Contact Hours: 
45.00
Objective: 

To acquaint students with the role of international institutions and monetary system.

9.00
Unit I: 
International Business

Meaning, Evolution of International Business, International Business Vs Domestic Business, International business orientations, International Business Decisions, Advantages and problems of International Business

9.00
Unit II: 
International Business Environment

Meaning
Economic Environment-meaning, economic systems-market, command , mixed system
Cultural Environment-meaning, language, religion, values and attitudes, customs and manners
Political and Legal Environment –meaning, political system, international political relations ,political stability ,legal systems, legal jurisdictions.

9.00
Unit III: 
Organization of International Business

Types of Organization structure, Centralization, Factors affecting choice of structure , Decentralization

9.00
Unit IV: 
International Monetary System

Pre-Bretton Woods Period, Bretton Wood System, European Monetary System (EMU), European Currency Unit (ECU) and EURO.

9.00
Unit V: 
International Financial Institutions

IMF, World Bank, IFC, IDA and ADB -Objective, Functions, Achievements, Recent Developments.

Essential Readings: 

• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
• P Subba Rao : International Business(Text and Cases) , Edition 4, Himalya Publication House, Mumbai

Academic Year: 
2019-2020
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