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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 | |