TABLE OF CONTENTS

COURSE DETAILS x
Module 1 INTRODUCTION 1

Lesson 1.1 International Business and Globalization 2

Module 2 NATIONAL ENVIRONMENTAL DIFFERENCES 16

Lesson 2.1 Culture 17

Lesson 2.2 Governmental and Legal Systems 38
Lesson 2.3 Economic Systems and Market Methods 52

Module 3 Connecting Countries through Trade and Factor Movements 61

Lesson 3.1 Trade and Factor Mobility Theory 62

Lesson 3.2 Trade Protectionism 72
Lesson 3.3 Economic Integration and Cooperation 80

Module 4 The Global Monetary Environment 98

Lesson 4.1 Markets for Foreign Exchange 99

Lesson 4.2 Factors that Influence Exchange Rates 107
Lesson 4.3 Global Debt and Equity Markets 117

Module 5 Corporate Policy and Strategy 127

Lesson 5.1 Ethics and Social Responsibility 128

Lesson 5.2 Strategies for International Business 133
Lesson 5.3 Evaluation of Countries for Operations 137
Lesson 5.4 Modes of Trading Internationally 142
Lesson 5.5 Forms and Ownership of Foreign Production 149
Lesson 5.6 The Organization and Governance of Foreign Operations 159

Module 6 Functional Management and Operations 170

Lesson 6.1 Global Marketing 172

Lesson 6.2 Global Production and Supply Chains 184
Lesson 6.3 Global Accounting and Financial Management 192
Lesson 6.4 Global Management of Human Resources 201