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Global Business Today is for the undergraduate or MBA level course of International Business where a concise paperback is desired. Global Business Today is known for being practical, which is an important point as many instructors who teach this course are often not researchers, but come from the business world.

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Cover -- Title Page -- Copyright Information -- Dedication -- About the Authors -- Brief Contents -- The Proven Choice for International Business -- Acknowledgments -- Connect -- Contents -- Part One: Introduction and Overview -- Chapter One: Globalization -- Opening Case: Going Global from Day One -- Introduction -- What Is Globalization? -- The Globalization of Markets -- The Globalization of Production -- Management Focus: Boeing''s Global Production System -- The Emergence of Global Institutions -- Drivers of Globalization -- Declining Trade and Investment Barriers -- The Role of Technological Change -- The Changing Demographics of the Global Economy -- The Changing World Output and World Trade Picture -- Country Focus: India’s Software Sector -- The Changing Foreign Direct Investment Picture -- The Changing Nature of the Multinational Enterprise -- Management Focus: The Dalian Wanda Group -- The Changing World Order -- The Global Economy of the Twenty-First Century -- The Globalization Debate -- Antiglobalization Protests -- Globalization, Jobs, and Income -- Country Focus: Protesting Globalization in France -- Globalization, Labor Policies, and the Environment -- Globalization and National Sovereignty -- Globalization and the World’s Poor -- Managing in the Global Marketplace -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Medical Tourism and the Globalization of Health Care -- Endnotes -- Part Two: National Differences -- Chapter Two: National Differences in Political, Economic, and Legal Systems -- Opening Case: Economic Transformation in Vietnam -- Introduction -- Political Systems -- Collectivism and Individualism -- Democracy and Totalitarianism -- Country Focus: Putin''s Russia -- Economic Systems -- Market Economy -- Command Economy -- Mixed Economy -- Legal Systems -- Different Legal Systems -- Differences in Contract Law -- Property Rights and Corruption -- Management Focus: Did Walmart Violate the Foreign Corrupt Practices Act? -- Country Focus: Corruption in Brazil -- The Protection of Intellectual Property -- Management Focus: Starbucks Wins Key Trademark Case in China -- Product Safety and Product Liability -- Focus on Managerial Implications: The Macro Environment Influences Market Attractiveness -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Venezuela under Hugo Chávez and Beyond -- Endnotes -- Chapter Three: National Differences in Economic Development -- Opening Case: The Political and Economic Evolution of Indonesia -- Introduction -- Differences in Economic Development -- Map 3.1 GNI per Capita, 2014 -- Map 3.2 GNI PPP per Capita, 2014 -- Map 3.3 Average Annual Growth Rate in GDP (%), 2005–2014 -- Broader Conceptions of Development: Amartya Sen -- Map 3.4 Human Development Index, 2014 -- Political Economy and Economic Progress -- Innovation and Entrepreneurship Are the Engines of Growth -- Innovation and Entrepreneurship R.
equire a Market Economy -- Innovation and Entrepreneurship Require Strong Property Rights -- Country Focus: Emerging Property Rights in China -- The Required Political System -- Economic Progress Begets Democracy -- Geography, Education, and Economic Development -- States in Transition -- The Spread of Democracy -- Map 3.5 Freedom in the World in 2016 -- The New World Order and Global Terrorism -- The Spread of Market-Based Systems -- Map 3.6 Distribution of Economic Freedom, 2016 -- The Nature of Economic Transformation -- Deregulation -- Country Focus: India’s Economic Transformation -- Privatization -- Legal Systems -- Implications of Changing Political Economy -- Focus on Managerial Implications: Benefits, Costs, Risks, and Overall Attractiveness of Doing Business Internationally -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Political and Economic Reform in Myanmar -- Endnotes -- Chapter Four: Differences in Culture -- Opening Case: World Expo 2020 in Dubai, UAE -- Introduction -- What Is Culture? -- Values and Norms -- Culture, Society, and the Nation-State -- The Determinants of Culture -- Social Structure -- Individuals and Groups -- Social Stratification -- Country Focus: India Still Has a Caste System -- Religious and Ethical Systems -- Map 4.1 World Religions -- Christianity -- Islam -- Country Focus: Turkey and Islam -- Hinduism -- Buddhism -- Confucianism -- Management Focus: Advertising in China -- Language -- Spoken Language -- Unspoken Language -- Education -- Culture and Business -- Cultural Change -- Focus on Managerial Implications: Cross-Cultural Literacy and Competitive Advantage -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Best Buy and eBay in China -- Endnotes -- Chapter Five: Ethics, Corporate Social Responsibility, and Sustainability -- Opening Case: UNCTAD Sustainable Development Goals -- Introduction -- Ethical and International Business -- Employment Practices -- Management Focus: Apple''s Manufacturing—Always Ethical? -- Human Rights -- Environmental Pollution -- Management Focus: Unocal and Total Collaboration -- Corruption -- Management Focus: Daimler, Chrysler, and Bribes -- Ethical Dilemmas -- The Roots of Unethical Behavior -- Personal Ethics -- Decision-Making Processes -- Organizational Culture -- Unrealistic Performance Goals -- Leadership -- Societal Culture -- Philosophical Approaches to Ethics -- Straw Men -- Utilitarian and Kantian Ethics -- Rights Theories -- Justice Theories -- Focus on Managerial Implications: Making Ethical Decisions Internationally -- Management Focus: Corporate Social Responsibility at Stora Enso -- Management Focus: Sustainability at Umicore -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Making Toys Globally -- Endnotes -- Part Three: The Global Trade and Investment Environment -- Chapter Six: International Trade Theory -- Openi.
ng Case: The Trans Pacific Partnership -- Introduction -- An Overview of Trade Theory -- The Benefits of Trade -- The Pattern of International Trade -- Trade Theory and Government Policy -- Mercantilism -- Absolute Advantage -- Country Focus: Is China a Neo-mercantilist Nation? -- Comparative Advantage -- The Gains from Trade -- Qualifications and Assumptions -- Extensions of the Ricardian Model -- Country Focus: Moving U.S. White-Collar Jobs Offshore -- Heckscher-Ohlin Theory -- The Leontief Paradox -- The Product Life-Cycle Theory -- Product Life-Cycle Theory in the Twenty-First Century -- New Trade Theory -- Increasing Product Variety and Reducing Costs -- Economies of Scale, First-Mover Advantages, and the Pattern of Trade -- Implications of New Trade Theory -- National Competitive Advantage: Porter’s Diamond -- Factor Endowments -- Demand Conditions -- Related and Supporting Industries -- Firm Strategy, Structure, and Rivalry -- Evaluating Porter’s Theory -- Focus on Managerial Implications: Location, First-Mover Advantages, and Government Policy -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Creating the World''s Biggest Free Trade Zone -- Appendix -- International Trade and the Balance of Payments -- Endnotes -- Chapter Seven: Government Policy and International Trade -- Opening Case: Is China Dumping Its Excess Steel Production? -- Introduction -- Instruments of Trade Policy -- Tariffs -- Subsidies -- Country Focus: Are the Chinese Illegally Subsidizing Auto Exports? -- Import Quotas and Voluntary Export Restraints -- Export Tariffs and Bans -- Local Content Requirements -- Administrative Policies -- Antidumping Policies -- The Case for Government Intervention -- Management Focus: Protecting U.S. Magnesium -- Political Arguments for Intervention -- Country Focus: Trade in Hormone-Treated Beef -- Economic Arguments for Intervention -- The Revised Case for Free Trade -- Retaliation and Trade War -- Domestic Politics -- Development of the World Trading System -- From Smith to the Great Depression -- 1947–1979: GATT, Trade Liberalization, and Economic Growth -- 1980–1993: Protectionist Trends -- The Uruguay Round and the World Trade Organization -- WTO: Experience to Date -- The Future of the WTO: Unresolved Issues and the Doha Round -- Country Focus: Estimating the Gains from Trade for America -- Multilateral and Bilateral Trade Agreements -- Focus on Managerial Implications: Trade Barriers, Firm Strategy, and Policy Implications -- Chapter Summary -- Critical Thinking and Discussion Questions -- Research Task -- Closing Case: Sugar Subsidies Drive Candy Makers Abroad -- Endnotes -- Chapter Eight: Foreign Direct Investment -- Opening Case: Burberry Shifts Its Strategy in Japan -- Introduction -- Foreign Direct Investment in the World Economy -- Trends in FDI -- The Direction of FDI -- The Source of FDI -- Country Focus: Foreign Direct Investment in China -- The Form of FDI: Acquisitions Vers.