International Business Course Outline

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International Business

Course outline

Course Synopsis
The forces of globalization have increased the permeability of traditional boundaries around countries,
economies and industries. These forces include the expansion of international trade and investment, the
growth of multinational corporations (MNCs), the ability of information and communications technology
to span time and distance, and the shift of the world’s economic center of gravity from the West to Asia.
Because of globalization, the environment of business is now more complex, more dynamic, more
uncertain and more competitive than ever before. In the era of Globalization when world is becoming
global village, business trends and procedures are changing very rapidly. Terms like international and
multinational are changing into Global enterprises or businesses. In this course you will learn some
classical theories of international business and how these theories go into transition phase and get
mature by the passage of time. Also, you will be able to get some information about different
organizations working for international businesses including GATT, WTO etc. and regional economic
blocks like EU, SAFTA, NAFTA, SAARC etc. These organizations are responsible for making different
policies, laws, practices and even courts to settle down the conflicts.

Course Learning Outcomes


At the end of the course, you should be able to:

 Describe and explain the importance of International Business


 Identify the role and impact of political, economic, social and cultural variables in international
business.
 Explain different factors which should be kept in mind before going for international Business
 Apply concepts and theories of International Business
 Explain different classical and modern theories
 Develop different ideas and modes in current scenarios about international business and trade
 Discuss different modes of entry into the international business.
 Analyze the challenges that businesses face when entering foreign markets and competing
against local firms and other international companies
 Analyze international business from a multi-centric perspective, avoiding ethnocentrism

Course contents
 Introduction To the Field of International Business
 Modes of International Business
 An Overview of International Business
 Globalization
 Cross-Cultural Business
 National Differences in Political Economy and ethics
 Differences In Culture
 International Trade Theory
 Economic Development of Nations
 Foreign Direct Investment
 The Political Economy of International Trade
 GATT & WTO
 Foreign Direct Investment and The Political Economy
 Regional Economic Integration and Foreign Exchange Market
 International Marketing
 International Marketing Export & Import
 Developing and Marketing Products
 Analyzing International Opportunities
 Export, Import, FDI, International Business & Pakistan
 Selecting and Managing Entry Modes
 Managing International Operations
 International Monetary System

Recommended texts
 International Business: The Challenges of Globalization, Global Edition 9th Edition
by John J. Wild (Author), Kenneth L. Wild (Author)
 International Business: The New Realities 4th Edition
by S. Cavusgil (Author), Gary Knight (Author), John Riesenberger (Author)

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