Business is defined as a set of activities relating to industry and commerce. Business is an economic activity, which is related with continuous and regular production and distribution of goods and services for satisfying human wants. When these activities are performed on an international level, these can be termed as international business. This course is providing the idea about the International Business i.e. what are the things which are taken care at international level? What are Globalization and its affect in the businesses? What are the roles of WTO? What are all legal consideration are taken care while performing at international level? What all ethical practices are required? While doing business within one’s own country, one is familiar with the prevailing environment and is readily able to adjust to it. But problem with doing business in foreign countries is that environments in foreign countries are different and also familiar to a business firm. So it needs extra care to identify the environment forces operating at home country, host country and global levels. The major foreign environment to be analyzed include geographic, economic, financial, socio-cultural, political, legal and ecological. It is also necessary to have understanding about trade theories. It explains the pattern of trade between two countries, the pattern of specialization and the mutual benefit of the trade. It simplifies the trade practices of business. So following are the key points which are discussed in context to international business
- International Business Environment
- Theories of International Trade
- Balance of Payments
- Instruments of Trade policy
- Globalization
- International Investment
- Technology Transfer
- World Trade
- International Monetary Trade
- Legal Framework of Foreign trade
- Settlement of International trade Disputes
- International Trade & Environment
- International Trade in Services
- International Business Ethics
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