Introduction of International Business

Syllabus

Introduction to International Business

Unit I

Introduction and Concepts of the International Business, Domestic and International Business Comparison, Advantages and Disadvantages of Domestic Business and International Business Respectively, Reasons for Entering into International Business, Modes of Entry, Concept of MNC, TNC.

Unit II

WTO - Structure, Functions and Roles in the Current International Business Scenario, an Overview of WTO Agreements, Concept of Trade Creation, Trade Diversion, Concept and Various Levels of International Economic Integration, PTA, FTA, Custom Union, Common Market, Economic Union, Political Union.

Unit III

Major Regional Trade Agreements, Features of European Union, SAARC, NAFTA, ASEAN, SAFTA, Limitations of Regional Economic Integration, BRICS.

Unit IV

International Financial Institutions – Structure, Roles, Functions of World Bank/ IMF, ADB. Financial Support Available in India –EPZs, SEZs, Future Trends in International Business, Concepts of FDI and Portfolio Investments.