Unit 1
International business: Meaning – Evolution of international business – Distinction between domestic business and international business -Reasons for growth in international business – Complexities or problems of international business – Modes of entry into international business- Exporting, licensing, and franchising, contract manufacturing, management contracting, turnkey contracts, fully owned manufacturing facilities, assembly operations, joint ventures, third-country location, mergers and acquisitions, strategic alliance, counter trade – MNCS and TNCS – meaning and importance.
Unit 2
Business Environment – meaning – definitions – importance – microenvironment – macro environment –International business environment – political environment – risks – indicators of political instability – political perspectives of a nation – Legal environment and its multiplicity – economic environment – socio-cultural environment – characteristics – components.
Unit 3
WTO – history, goals, structure – UNCTAD –IMF – Nature, objectives, functions – IBRD – IFC – IDA – ICSID – MIGA – Foreign trade policy of India – Trade barriers – Tariff and Non-tariff – OPEC – Commodity agreements – quota agreement- buffer stock agreement, bilateral agreements – multilateral agreements – Balance of payment – meaning- definition – characteristics – components.
Unit 4
Meaning – advantages – disadvantages – Trading blocs –European union – NAFTA – ASEAN – SAARC – SAPTA – SAFTA – Globalization – concept –advantages – disadvantages – Export documentation – proforma invoice – commercial invoice – packing list – certificate of origin – Shipping bill – bill of lading – airway bill – health certificate – insurance certificate – letter of credit – dangerous goods forms – bank draft.
Unit 5
Foreign Exchange Market – meaning – features – functions – advantages – types – dealings or transactions in foreign exchange market: – spot, forward, futures, options, swap, arbitrage – Exchange control – features – objectives – types of exchange rate systems – FEMA act – FDI – concept – types – advantages – foreign private investment – factors affecting international investment – limitations and dangers of foreign capital – portfolio investment.