International Business Notes | B.B.A. LL.B. (Five Years) Semester 4 | KSLU | munotes

Contents

Unit I

1. International Business: What This Paper Covers, and How to Read This Book 1
2. What International Business Is: Meaning, Features, Scope and Evolution 4
3. Domestic and International Business Compared, and the Kinds of International Business 7
4. International Marketing 9
5. Trends in International Trade 11
6. Why Firms Go International, and the Barriers They Meet 13
7. Global Sourcing and Production Sharing 17
8. International Orientations: Ethnocentric, Polycentric, Regiocentric and Geocentric 19
9. The Stages of Internationalisation 21
10. The Growing Economic Power of Developing Countries 23
11. International Business Decisions and the Modes of Entry 25
12. Case Studies: Taking a Business Abroad 28

Unit II

1. The International Business Environment 30
2. International Commodity Agreements 32
3. Cartels, and OPEC as the Leading Example 34
4. State Trading, and the State Trading Corporation of India 36
5. Trading Blocs, Their Kinds, and Growing Intra-Regional Trade 38
6. Regional Organisations and Groupings 40
7. Other Regional Groupings: the EU, ASEAN, USMCA, BRICS and BIMSTEC 44
8. SAARC 46
9. GATT: The General Agreement on Tariffs and Trade, 1947 to 1994 50
10. The Uruguay Round 52
11. The World Trade Organization 54
12. The WTO and Trade Liberalisation: An Evaluation 59
13. UNCTAD 62

Unit III

1. Multinational Corporations: Definition, Features and Kinds 64
2. The Multinational Company and Its Home and Host States 66
3. The Organisational Structures of MNCs 72
4. The Dominance and Importance of MNCs 74
5. MNCs: Benefits and Costs to Host and Home Countries, and the Problems MNCs Face 76
6. Recent Trends: Mergers and Acquisitions, Transfer of Technology and Southern MNCs 78
7. Codes of Conduct for Multinational Corporations 80
8. Multinationals in India and Indian Multinationals 82
9. Case Studies: MNCs at Work 84

Unit IV

1. Globalisation: Meaning, Features, Stages and Factors 86
2. India as an Emerging Market 88
3. India in Global Trade 90
4. Structural Changes Since 1991: What India Buys and Sells 92
5. Structural Changes Since 1991: Volume, Direction and Services 100
6. The New Industrial Policy 1991 109
7. What the 1991 Policy Achieved, and What It Did Not 117
8. Liberalisation and Privatisation: How India Joined the World Economy 123
9. Globalisation in India: Benefits, Problems and Obstacles 127
10. Globalisation Strategies 129
11. Case Studies: Indian Firms Going Global 131

Unit V

1. Commercial Trade Policy 133
2. Trade Strategies: Import Substitution, Export Promotion and India's Strategy 146
3. India's Trade Policy: The Institutions and the Current Policy 148
4. The Export-Import Policy from 1992 to 2023, and an Evaluation 160
5. The Regulation of Foreign Trade in India: The Law, the IEC, the Procedure and the Documents 162
6. The Promotion of Foreign Trade: Institutions and Export Incentives 165
7. Product Assistance and Marketing Assistance for Exporters 168
8. The Export-Import Bank of India 170
9. Import Facilities for Exporters 172
10. Export Units, Export Processing Zones and Special Economic Zones 174
11. Export Houses, Trading Houses and Status Holders 176
12. Case Studies: Exporting from India 178