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International Business and Trade

U1
Globalization
topic 1 to 3
3 topics
01
Globalization: Definition of globalization, its Nature and Scope
02
Emergence of global institutions and forces behind globalization
03
Impact of globalization on national and international business environment
U2
International trade theory
topic 4 to 8
5 topics
04
International trade theory: The pattern of international trade
05
Absolute and comparative advantage
06
Free trade and globalization
07
The product life cycle and new trade theory
08
National comparative advantage and Porter’s Diamond
U3
Difference in culture
topic 9 to 10
2 topics
09
Difference in culture: Cultural and social structure
10
Religious system and its impact on workplace settings
U4
National differences in political economy
topic 11 to 13
3 topics
11
National differences in political economy: Political systems
12
Economic systems
13
Legal systems
U5
The political economy of international trade
topic 14 to 17
4 topics
14
The political economy of international trade: Instruments of trade
15
Government intervention
16
Development of world trade system
17
Role of WTO
U6
Foreign direct investment (FDI)
topic 18 to 21
4 topics
18
Foreign direct investment (FDI): FDI in the world economy
19
FDI in China
20
Horizontal and vertical FDI
21
Cost of FDI to home and host country
U7
The international monetary system
topic 22 to 25
4 topics
22
The international monetary system: The gold standard
23
The Bretton Woods system
24
Fixed and floating exchange rates
25
Role of IMF
U8
The strategy of international business
topic 26 to 30
5 topics
26
The strategy of international business: Strategy and firm
27
Global expansion, profitability and growth
28
Location economics
29
Cost pressure and local responsiveness
30
Choosing a strategy
U9
Entry strategy in international business
topic 31 to 33
3 topics
31
Entry strategy in international business: Basic entry decisions
32
Entry modes
33
Strategic alliances
U10
Global production, outsourcing and logistics
topic 34 to 38
5 topics
34
Global production, outsourcing and logistics: Production and logistics strategies
35
Where to produce
36
Strategic role of foreign factories
37
Outsourcing production (Make or Buy decision)
38
Managing a global supply

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