International business, 7e

The Impact of International Business on the United States

• U.S. international business outflows are important on the macroeconomic level in terms of balancing the trade account.
• On the microeconomic level, participation in international business can help firms achieve economies of scale that cannot be achieved in domestic markets.

Average Plant Salary and Wages (per worker, dollars per hour)

Globalization

• Because of globalization, for the first time in history, the availability of international products and services can be accessed by individuals in many countries, from diverse economic backgrounds.

The Structure of this Book

• Part One introduces the importance of international business and its global linkages.
• Part Two presents the environment of international business, addressing culture, policies, politics, and law.
• Part Three provides coverage of the theory of international trade and investment and presents balance of payments issues.
• Part Four discusses markets, financial systems, economic integration, and emerging market concerns.

The Structure of this Book (cont.)

• Part Five presents the strategy considerations surrounding international business.
• Part Six targets the operational issues surrounding international business, using an implementation-oriented perspective.
• Part Seven concludes the book with a focus on the future of the field and the reader’s career.