External Marks: 60Internal Marks: 40Time: 3hrs

BUSINESS ENVIRONMENT – II

OBJECTIVE: The course aims at acquiring students with the modes of entering into international business, environment of international business and management of international business operations.

UNIT-I

Major global trends in international trade and investment: Streams of international business, components and determinants of IBE, factors producing changes in IBE, international economic growth and BE, latest world trade trends.

UNIT-II

Political, legal and cultural Environment: Impact of economic systems and economic reforms, Country risk-political risk and insurance – role of OPIC and MIGA, trade theories, international economic Institutions, cultural factors in international market environment.

UNIT-III

International Trading Environment: Tariff and non-tariff barriers to trade, forex market mechanism, exchange rate determination, euro currency market, role of NBFC’s and stock exchange, trading blocks and intra-regional trade.

UNIT-IV

Global Competitiveness and competition, social responsibility of the Organization and Govt. in international trade, factors and trends of world economic growth and physical environment, central bank functions, Implications of trade policy.

Suggested Readings:

1. ANANT K SUNDARAM and J.S. BLACK, The International Business Environment, PHI, New Delhi

2. G.M. MEIER, The International Environment of Business, Oxford University Press, NY3. A. BUCKLEY, Multinational Finance, PHI, New Delhi4. GOPALSWAMY, GATT, WTO: TRIPS, TRIMS and Trade in Services, Wheeler

Publishing, New Delhi5. Bedi Suresh, Business Environment, Excel Books, New Delhi6. World Bank, World Development Report (Latest Issue)7. Bhattacharya, B. Going International: Response strategies of the Indian Sector, Wheeler

Publishing, New Delhi8. Daniels, John D. and Radebaugh, Lee H. International Business: Environment and

Operations, 8th Edition, Addison Wesley