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| Preface and Acknowledgments | |
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| Introduction and Overview | |
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| Learning Objectives | |
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| Reasons for Growth in International Business | |
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| Types of International Operations | |
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| International Business Research and Need for Information | |
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| Ethical Considerations in International Business | |
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| Stakeholder Theory and Corporate Social Responsibility | |
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| Corruption | |
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| Chapter Summary | |
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| International Business Environment: Culture | |
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| Learning Objectives | |
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| Cultural Environment | |
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| Framework of Cultural Classification | |
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| Cultural Generalization | |
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| Cultural Convergence | |
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| Culture Shock | |
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| Cultural Orientation | |
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| Chapter Summary | |
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| Additional Readings | |
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| Application Case: Business Negotiations and Cultural Pitfalls--Mexico | |
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| Economic and Other Related Environmental Variables | |
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| Learning Objectives | |
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| The Economy | |
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| Economic Development and International Business | |
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| Economic Factors and International Business Strategy | |
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| Economic Factors and Country Risk Analysis | |
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| Chapter Summary | |
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| Application Case: China's Economy and FDI Flows | |
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| The Political and Legal Environment | |
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| Learning Objectives | |
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| The Political Environment | |
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| The Legal Environment | |
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| Chapter Summary | |
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| Application Case: Adapting Finance to Islam | |
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| International Trade and Foreign Direct Investments | |
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| International Trade | |
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| Mercantilism | |
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| Theory of Absolute Advantage | |
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| Theory of Comparative Advantage | |
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| Heckscher-Ohlin Factor Proportions Explanation for International Trade | |
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| The Product Life Cycle Theory | |
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| Global Patterns of Trade: Statistics | |
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| World Trade Organization | |
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| International Trade in the Future | |
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| Foreign Direct Investment | |
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| Chapter Summary | |
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| Application Case: Siemens in Argentine | |
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| Entry Strategies | |
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| Learning Objectives | |
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| Export/Import Strategy | |
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| Direct Investments | |
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| Comparison of Various Modes of Entry Strategies | |
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| Chapter Summary | |
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| Key Concepts | |
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| Discussion Questions | |
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| Application Case: General Electric | |
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| Functional Integration | |
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| Learning Objectives | |
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| Production and Operations Management | |
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| Finance | |
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| Marketing | |
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| Human Resources | |
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| Accounting | |
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| Management Information Systems | |
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| Research and Development | |
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| Chapter Summary | |
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| Application Case: BMW in India | |
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| International Production & Operations Management and Supply-Chain Management | |
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| Learning Objectives | |
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| Operations Management in Manufacturing vs. Services | |
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| Internationalization of Production & Operations Management | |
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| Decisions in Production & Operation Management | |
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| Operations Management Strategies and Supply-Chain Management | |
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| Chapter Summary | |
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| Application Case: Toyota and Lean Manufacturing | |
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| Global Outsourcing or Offshoring | |
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| Learning Objectives | |
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| Outsourcing, Offshoring, Inshoring, and Near-shoring | |
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| Offshoring of Services: Internet Technology vs. Business Process Offshoring | |
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| Future of Offshoring Services | |
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| Toward a Global Offshoring Strategy | |
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| Chapter Summary | |
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| Application Case: Evalueserve and Knowledge Process Outsourcing | |
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| The Foreign Exchange Market | |
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| Learning Objectives | |
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| Definition of Foreign Exchange | |
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| Appreciation and Depreciation of Currencies | |
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| Major Currencies of the World | |
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| The Euro | |
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| History of Foreign Exchange | |
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| Size of the Foreign Exchange Market | |
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| Determination of Foreign Exchange Rates | |
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| Participants in the Foreign Exchange Markets | |
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| Exchange Rate Regimes | |
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| Multinationals and Foreign Exchange | |
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| Chapter Summary | |
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| Application Case: Dollarization and the Case of Ecuador and EL Salvador | |
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| International Marketing | |
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| Learning Objectives | |
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| Final and Industrial Consumers | |
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| Goods vs. Services | |
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| Marketing Activities | |
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| Basics Steps in International Marketing | |
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| Developing an International Marketing Strategy | |
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| Chapter Summary | |
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| Application Case: Natura--A Brazilian Success Story | |
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| International Human Resource Management and Organizational Structures | |
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| Learning Objectives | |
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| Managing the Human Resources Function | |
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| Organizational Structures | |
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| Chapter Summary | |
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| Application Case: Chiba International | |
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| International Financial Management | |
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| Learning Objectives | |
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| International Expansion | |
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| International Banks | |
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| International Transactions | |
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| International Shipping | |
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| International Insurance | |
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| Stock Exchanges and Markets | |
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| Regulatory Agencies | |
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| The Foreign Corrupt Trade Practices Act of 1977 | |
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| Chapter Summary | |
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| Application Case: Iceland 2008--Concern for Exporters and Importers | |
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| International Accounting | |
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| Learning Objectives | |
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| Basics of International Accounting | |
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| History of Accounting | |
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| Toward a Global Accounting System | |
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| International Accounting and Taxes | |
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| Chapter Summary | |
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| Application Case: The Fannie Mae Accounting Scandal | |
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| Global Corporate and Indirect Taxes, 2007 | |
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| Summary of Some Similarities and Differences between IFRS and U.S. GAAP | |
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| Regional Economic Integrations | |
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| Benefits of Integration | |
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| Activities and Operations of NAFTA and the European Union | |
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| Worldwide Organizations and International Agencies | |
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| The International Monetary Fund | |
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| The Organization for Economic Cooperation and Development | |
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| The United Nations | |
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| The World Bank | |
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| The Internet in International Business | |
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| The Internet and Business | |
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| The Internet and International Business | |
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| Appendix 3 Summary | |
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| Notes | |
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| Glossary | |
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| Name index | |
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| Subject index | |
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| About the Authors | |