EBook For International Business Competing in the Global Marketplace 14th Edition By Charles W. L. Hill

Table Of Content

part one Introduction and Overview
Chapter 1 Globalization
Opening Case TruckLabs
Introduction
What Is Globalization?
The Globalization of Markets
The Globalization of Production
Management Focus Boeing’s Global Production System
The Emergence of Global Institutions
Drivers of Globalization
Declining Trade and Investment Barriers
Role of Technological Change
The Changing Demographics of the Global Economy
The Changing World Output and World Trade Picture
Country Focus India’s Software Sector
The Changing Foreign Direct Investment Picture
The Changing Nature of the Multinational Enterprise
Management Focus The Dalian Wanda Group
The Changing World Order
Global Economy of the Twenty-First Century
The Globalization Debate
Antiglobalization Protests
Country Focus Donald Trump’s America First Policies
Globalization, Jobs, and Income
Globalization, Labor Policies, and the Environment
Globalization and National Sovereignty
Globalization and the World’s Poor
Managing in the Global Marketplace
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Detroit Bikes
Endnotes
part two National Differences
Chapter 2 National Differences in Political, Economic, and Legal Systems
Opening Case Ireland’s Economic Transformation
Introduction
Political Systems
Collectivism and Individualism
Democracy and Totalitarianism
Country Focus Putin’s Russia
Economic Systems
Market Economy
Command Economy
Mixed Economy
Legal Systems
Different Legal Systems
Differences in Contract Law
Property Rights and Corruption
Country Focus Corruption in Brazil
Management Focus Did Walmart Violate the Foreign Corrupt Practices Act?
The Protection of Intellectual Property
Product Safety and Product Liability
360° View: Managerial Implications
The Macro Environment Influences Market Attractiveness
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case China’s Mixed Economy
Endnotes
Chapter 3 National Differences in Economic Development
Opening Case Economic Development in South Africa
Introduction
Differences in Economic Development
Map 3.1 GDP per capita, 2020.
Map 3.2 GDP PPP per Capita, 2020.
Map 3.3 Average annual growth rate in GDP (%), 2010–2019.
Broader Conceptions of Development: Amartya Sen
Map 3.4 Human Development Index, 2020.
Political Economy and Economic Progress
Innovation and Entrepreneurship are the Engines of Growth
Innovation and Entrepreneurship Require a Market Economy
Innovation and Entrepreneurship Require Strong Property Rights
The Required Political System
Country Focus Property Rights in China 74
Economic Progress Begets Democracy
Geography, Education, Demographics, and Economic Development
States in Transition
The Spread of Democracy
Map 3.5 Freedom in the world, 2021.
The New World Order and Global Terrorism
The Spread of Market-Based Systems
Map 3.6 Index of economic freedom, 2021.
The Nature of Economic Transformation
Deregulation
Privatization
Country Focus India’s Economic Transformation 83
Legal Systems
Implications of Changing Political Economy
360° View: Managerial Implications
Benefits, Costs, Risks, and Overall Attractiveness of Doing Business Internationally
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case What Ails Argentina?
Endnotes
Chapter 4 Differences in Culture
Opening Case Doing Business in Brazil
Introduction
What Is Culture?
Values and Norms
Culture, Society, and The Nation-State
Determinants of Culture
Social Structure
Individuals and Groups
Social Stratification
Country Focus Determining Your Social Class by Birth
Religious and Ethical Systems
Map 4.1 World religions.
Christianity
Islam
Country Focus Turkey: Its Religion and Politics
Hinduism
Buddhism
Confucianism
Management Focus China and Its Guanxi
Language
Spoken Language
Unspoken Language
Education
Culture and Business
Cultural Change
360° View: Managerial Implications
Cultural Literacy and Competitive Advantage
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Russian Culture
Endnotes
Chapter 5 Ethics, Corporate Social Responsibility, and Sustainability
Opening Case Gucci’s Code of Ethics
Introduction
Ethics and International Business
Employment Practices
Human Rights
Management Focus “Emissionsgate” at Volkswagen
Environmental Pollution
Corruption
Ethical Dilemmas
Roots of Unethical Behavior
Personal Ethics
Decision-Making Processes
Organizational Culture
Unrealistic Performance Goals
Leadership
Societal Culture
Philosophical Approaches to Ethics
Straw Men
Utilitarian and Kantian Ethics
Rights Theories
Justice Theories
360° View: Managerial Implications
Making Ethical Decisions Internationally
Management Focus Corporate Social Responsibility at Stora Enso
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Who Stitched Your Designer Jeans?
Endnotes
part three The Global Trade and Investment Environment
Chapter 6 International Trade Theory
Opening Case Global Trade in Semiconductors
Introduction
An Overview of Trade Theory
The Gains From Trade
The Pattern of International Trade
Trade Theory and Government Policy
Mercantilism
Country Focus Is China Manipulating Its Currency in Pursuit of a Neo-Mercantilist Policy?
Absolute Advantage
Comparative Advantage
The Gains From Trade
Qualifications and Assumptions
Extensions of the Ricardian Model
Country Focus “Trade Wars Are Good and Easy to Win”
Heckscher–Ohlin Theory
The Leontief Paradox
The Product Life-Cycle Theory
Product Life-Cycle Theory in the Twenty-First Century
New Trade Theory
Increasing Product Variety and Reducing Costs
Economies of Scale, First-Mover Advantages, and the Pattern of Trade
Implications of New Trade Theory
National Competitive Advantage: Porter’s Diamond
Factor Endowments
Demand Conditions
Related and Supporting Industries
Firm Strategy, Structure, and Rivalry
Evaluating Porter’s Theory
360° View: Managerial Implications
Location, First-Mover Advantages, Government Policy, Investments, and Strategy
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Trade in Services
Endnotes
Chapter 7 Government Policy and International Trade
Opening Case The Jones Act
Introduction
Instruments of Trade Policy
Import Tariffs
Export Tariffs and Bans
Management Focus Huawei Export Ban Hits U.S. Firms
Subsidies
Import Quotas and Voluntary Export Restraints
Country Focus Were the Chinese Illegally Subsidizing Auto Exports?
Local Content Requirements
Administrative Policies
Antidumping Policies
The Case for Government Intervention
Political Arguments for Intervention
Economic Arguments for Intervention
The Revised Case for Free Trade
Retaliation and Trade War
Domestic Policies
Development of the World Trading System
From Smith to the Great Depression
1947–1979: Gatt, Trade Liberalization, and Economic Growth
1980–1993: Protectionist Trends
The Uruguay Round and the World Trade Organization
WTO: Experience to Date
WTO: Unresolved Issues and the Doha Round
Country Focus Estimating the Gains from Trade for the United States
Multilateral and Bilateral Trade Agreements
The World Trading System Under Threat
360° View: Managerial Implications
Trade Barriers, Firm Strategy, and Policy Implications
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case America and Kenya Negotiate a Trade Deal
Endnotes
Chapter 8 Foreign Direct Investment
Opening Case Tesla’s Investment in China
Introduction
Foreign Direct Investment in the World Economy
Trends in FDI
The Direction of FDI
The Source of FDI
Country Focus Foreign Direct Investment in China
The Form of FDI: Acquisitions versus Greenfield Investments
Theories of Foreign Direct Investment
Why Foreign Direct Investment?
Management Focus Burberry Shifts Its Entry Strategy in Japan
The Pattern of Foreign Direct Investment
The Eclectic Paradigm
Political Ideology and Foreign Direct Investment
The Radical View
The Free Market View
Pragmatic Nationalism
Shifting Ideology
Benefits and Costs of FDI
Host-Country Benefits
Host-Country Costs
Home-Country Benefits
Home-Country Costs
International Trade Theory and FDI
Government Policy Instruments and FDI
Home-Country Policies
Host-Country Policies
International Institutions and the Liberalization of FDI
360° View: Managerial Implications
FDI and Government Policy
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case JCB in India
Endnotes
Chapter 9 Regional Economic Integration
Opening Case Britain Post-Brexit—Searching for Trade Deals
Introduction
Levels of Economic Integration
The Case for Regional Integration
The Economic Case for Integration
The Political Case for Integration
Impediments to Integration
The Case against Regional Integration
Regional Economic Integration in Europe
Evolution of the European Union
Map 9.1 Member states of the European Union in 2020.
Political Structure of the European Union
Management Focus The European Commission and Google
The Single European Act
The Establishment of the Euro
Country Focus The Greek Sovereign Debt Crisis
Enlargement of the European Union
British Exit from the European Union (BREXIT)
Regional Economic Integration in the Americas
Map 9.2 Economic integration in the Americas.
The North American Free Trade Agreement
The United States–Mexico–Canada Agreement (USMCA)
The Andean Community
Mercosur
Central American Common Market, CAFTA, and CARICOM
Regional Economic Integration Elsewhere
Association of Southeast Asian Nations
Map 9.3 ASEAN countries.
Regional Trade Blocs in Africa
Other Trade Agreements
360° View: Managerial Implications
Regional Economic Integration Threats
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case RCEP: The World’s Largest Trade Deal
Endnotes
part four The Global Monetary System
Chapter 10 The Foreign Exchange Market
Opening Case Hedging the Thai Baht
Introduction
The Functions of the Foreign Exchange Market
Currency Conversion
Insuring against Foreign Exchange Risk
Management Focus Embraer and the Gyrations of the Brazilian Real
The Nature of the Foreign Exchange Market
Economic Theories of Exchange Rate Determination
Prices and Exchange Rates
Country Focus Quantitative Easing, Inflation, and the Value of the U.S. Dollar
Interest Rates and Exchange Rates
Investor Psychology and Bandwagon Effects
Summary of Exchange Rate Theories
Exchange Rate Forecasting
The Efficient Market School
The Inefficient Market School
Approaches to Forecasting
Currency Convertibility
360° View: Managerial Implications
Foreign Exchange Rate Risk
Reducing Translation and Transaction Exposure
Reducing Economic Exposure
Other Steps for Managing Foreign Exchange Risk
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Exchange Rates and the Profitability of Korean Airlines
Endnotes
Chapter 11 The International Monetary System
Opening Case The Future of the U.S. Dollar as the World’s Reserve Currency
Introduction
The Gold Standard
Mechanics of the Gold Standard
Strength of the Gold Standard
The Period between the Wars: 1918–1939
The Bretton Woods System
The Role of the IMF
The Role of the World Bank
The Collapse of the Fixed Exchange Rate System
The Floating Exchange Rate Regime
The Jamaica Agreement
Exchange Rates since 1973
Fixed versus Floating Exchange Rates
The Case for Floating Exchange Rates
The Case for Fixed Exchange Rates
Who Is Right?
Exchange Rate Regimes in Practice
Pegged Exchange Rates
Country Focus China’s Exchange Rate Regime
Currency Boards
Crisis Management by the IMF
Financial Crises in the Post–Bretton Woods Era
Country Focus The IMF and Iceland’s Economic Recovery
Evaluating the IMF’s Policy Prescriptions
360° View: Managerial Implications
Currency Management, Business Strategy, and Government Relations
Management Focus Airbus and the Euro
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Did the IMF Help Egypt?
Endnotes
Chapter 12 The Global Capital Market
Opening Case Why Do So Many Israeli Companies List on American Stock Exchanges?
Introduction
Benefits of the Global Capital Market
The Functions of a Generic Capital Market
Attractions of the Global Capital Market
Management Focus The Industrial and Commercial Bank of China Taps the Global Capital Market
Growth of the Global Capital Market
Global Capital Market Risks
Country Focus Did the Global Capital Markets Fail Mexico?
The Eurocurrency Market
Genesis and Growth of the Market
Attractions of the Eurocurrency Market
Drawbacks of the Eurocurrency Market
The Global Bond Market
Attractions of the Eurobond Market
The Global Equity Market
Foreign Exchange Risk and the Cost of Capital
360° View: Focus on Managerial Implications
Growth of the Global Capital Market
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Chinese IPOs in the United States
Endnotes
part five The Strategy and Structure of International Business
Chapter 13 The Strategy of International Business
Opening Case Emirates Global Strategy
Introduction
Strategy and the Firm
Value Creation
Strategic Positioning
Operations: The Firm as a Value Chain
Management Focus AB InBev, Beer Globally, and Creating Value
Global Expansion, Profitability, and Profit Growth
Expanding the Market
Location Economies
Experience Effects
Leveraging Subsidiary Skills
Profitability and Profit Growth Summary
Cost Pressures and Pressures for Local Responsiveness
Pressures for Cost Reductions
Pressures for Local Responsiveness
Management Focus IKEA’s Global Strategy
Choosing a Strategy
Global Standardization Strategy
Localization Strategy
Management Focus Unilever’s Responsiveness to Its Dutch–British Roots
Transnational Strategy
International Strategy
The Evolution of Strategy
360° View: Impact of the Macro Environment
Cross-Border Trade, Investment, and Strategy
Exogenous Shocks and Strategy
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Geely Holdings: China’s First Global Car Company
Endnotes
Chapter 14 The Organization of International Business
Opening Case Reorganizing Siemens to Compete Globally
Introduction
Organizational Architecture
Organizational Structure
Vertical Differentiation
Horizontal Differentiation
Integrating Mechanisms
Management Focus IBM Moves Toward a Matrix Structure
Control Systems and Incentives
Types of Control Systems
Incentive Systems
Control Systems and Incentives
Processes
Organizational Culture
Creating and Maintaining Organizational Culture
Organizational Culture and Performance
Management Focus Lincoln Electric and Culture
Synthesis: Strategy and Architecture
Localization Strategy
International Strategy
Global Standardization Strategy
Transnational Strategy
Environment, Strategy, Architecture, and Performance
Organizational Change
Organizational Inertia
Implementing Organizational Change
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Philips: 120 Years of Organization Change
Endnotes
Chapter 15 Entering Developed and Emerging Markets
Opening Case Uber’s Foreign Market Entry Strategy
Introduction
Basic Entry Decisions
Which Foreign Markets?
Management Focus Tesco’s International Growth Strategy
Timing of Entry
Scale of Entry and Strategic Commitments
Market Entry Summary
Entry Modes
Exporting
Turnkey Projects
Licensing
Franchising
Joint Ventures
Wholly Owned Subsidiaries
Selecting an Entry Mode
Core Competencies and Entry Mode
Pressures for Cost Reductions and Entry Mode
Greenfield Venture or Acquisition?
Pros and Cons of Acquisitions
Pros and Cons of Greenfield Ventures
Which Choice?
Strategic Alliances
Advantages of Strategic Alliances
Management Focus Gazprom and Global Strategic Alliances
Disadvantages of Strategic Alliances
Making Alliances Work
360° View: Impact of the Macro Environment
Political Economy and Entry Choices
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Vanguard in China
Endnotes
part six International Business Functions
Chapter 16 Exporting, Importing, and Countertrade
Opening Case Exporting to Egypt
Introduction
The Promise and Pitfalls of Exporting
Management Focus Embraer and Brazilian Importing
Improving Export Performance
International Comparisons
Information Sources
Management Focus Exporting Desserts by a Hispanic Entrepreneur
Service Providers
Export Strategy
Management Focus Two Men and a Truck
The Globaledge™ Exporting Tool
Export and Import Financing
Lack of Trust
Letter of Credit
Draft
Bill of Lading
A Typical International Trade Transaction
Export Assistance
The Export-Import Bank
Export Credit Insurance
Countertrade
The Popularity of Countertrade
Types of Countertrade
Pros and Cons of Countertrade
360° View: Impact of the Macro Environment
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Maine Coast Company
Endnotes
Chapter 17 Global Production and Supply Chain Management
Opening Case The Global Chip Shortage in the Auto Industry: Supply Chain Disruptions in the Age of COVID-19
Introduction
Strategy, Production, and Supply Chain Management
Where to Produce
Country Factors
Management Focus IKEA Production in China
Technological Factors
Production Factors
The Hidden Costs of Foreign Locations
Management Focus Amazon’s Global Supply Chains
Make-or-Buy Decisions
Global Supply Chain Functions
Global Logistics
Global Purchasing
Managing a Global Supply Chain
Role of Just-in-Time Inventory
Role of Information Technology
Coordination in Global Supply Chains
Interorganizational Relationships
360° View: Impact of the Macro Environment
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case China: The World’s Manufacturing Hub in the Wake of Trade Wars and COVID-19
Endnotes
Chapter 18 Global Marketing and Business Analytics
Opening Case AirBnB: Building a Global Brand by Emphasizing Local Experience
Introduction
Globalization of Markets and Brands
Market Segmentation
Management Focus Global Branding, Marvel Studios, and the Walt Disney Company
Business Analytics
International Marketing Research
Product Attributes
Cultural Differences
Economic Development
Product and Technical Standards
Distribution Strategy
Differences between Countries
Choosing a Distribution Strategy
Communication Strategy
Barriers to International Communication
Management Focus Burberry’s Social Media Marketing
Push versus Pull Strategies
Global Advertising
Pricing Strategy
Price Discrimination
Strategic Pricing
Regulatory Influences on Prices
Configuring the Marketing Mix
Product Development and R&D
The Location of R&D
Integrating R&D, Marketing, and Production
Cross-Functional Teams
Building Global R&D Capabilities
360° View: Impact of the Macro Environment
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Share a Coke
Endnotes
Chapter 19 Global Human Resource Management
Opening Case Developing a Diverse Global Workforce at Colgate-Palmolive
Introduction
Strategic Role of Global HRM: Managing a Global Workforce
Staffing Policy
Types of Staffing Policies
Expatriate Managers
Management Focus AstraZeneca and a Global Staffing Policy
Global Mindset
Training and Management Development
Training for Expatriate Managers
Cultural Training
Language Training
Practical Training
Repatriation of Expatriates
Management Focus Monsanto’s Repatriation Program
Management Development and Strategy
Performance Appraisal
Performance Appraisal Problems
Guidelines for Performance Appraisal
Compensation
National Differences in Compensation
Management Focus McDonald’s Global Compensation Practices
Expatriate Pay
Building a Diverse Global Workforce
Management Focus Sodexo: Building a Diverse Global Workforce
International Labor Relations
The Concerns of Organized Labor
The Strategy of Organized Labor
Approaches to Labor Relations
360° View: Impact of the Macro Environment
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case The Evolution of HR Strategy at IBM
Endnotes
Chapter 20 Accounting and Finance in International Business
Opening Case Google Ends Its “Double Irish-Dutch Sandwich” Tax Minimization Scheme
Introduction
National Differences in Accounting Standards
International Accounting Standards
Country Focus Chinese Accounting
Accounting Aspects of Control Systems
Exchange Rate Changes and Control Systems
Transfer Pricing and Control Systems
Separation of Subsidiary and Manager Performance
Financial Management: The Investment Decision
Capital Budgeting
Project and Parent Cash Flows
Management Focus Black Sea Oil and Gas Ltd.
Adjusting for Political and Economic Risk
Risk and Capital Budgeting
Financial Management: The Financing Decision
Financial Management: Global Money Management
Minimizing Cash Balances
Reducing Transaction Costs
Managing the Tax Burden
Moving Money Across Borders
360° View: Impact of the Macro Environment
Key Terms
Summary
Critical Thinking and Discussion Questions
Research Task
Closing Case Microsoft’s Acquisition of Skype
Endnotes
part seven Integrative Cases
How the iPhone Is Made: Apple’s Global Production System
Kenya: An African Lion
Poland: Eastern Europe’s Economic Miracle
Culture and Business in Saudi Arabia
Microsoft Goes Carbon Neutral
A Tale of Two Nations: Ghana and South Korea
American Steel Tariffs
Starbucks’ Foreign Direct Investment
The Cost of Brexit
Managing Foreign Currency Exposure at 3M
Pakistan Takes Another IMF Loan
Saudi Aramco
Red Bull
Dow Chemical’s Global Matrix Structure
Walmart International
IKEA Entering India, Finally!
Higher Education Exporting and International Competitiveness
Blockchain Technology and Global Supply Chains
Marketing Sneakers
Global Mobility at Shell
Glossary
Indexes

Market-defining since it was introduced, International Business: Competing in the Global Marketplace by Charles W.L. Hill (University of Washington) sets the standard and is the proven choice for International Business at the undergraduate and graduate level. The 14th edition provides a complete solution that is relevant (timely, comprehensive), practical (focus on applications of concepts), integrated (integrated progression of topics) and the most up-to-date on the market.

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EBook For International Business Competing in the Global Marketplace 14th Edition

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ISBN-10 ‏ : ‎ 1265038546
ISBN-13 ‏ : ‎ 978-1265038540

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EBook For International Business Competing in the Global Marketplace 14th Edition By Charles W. L. Hill