International Business in the Global World

Bogusława Drelich-Skulska, Małgorzata Domiter, Anna H. Jankowiak

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ISBN/ISSN:

978-83-7695-701-2

DOI:

Wydawnictwo:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Rok wydania:

2018

Liczba stron:

363

XML:ISBN/ISSN:

ONIX MARC21

Bibliografia:

. International Business in the Global World. Red. Drelich-Skulska, Bogusława; Domiter, Małgorzata; Jankowiak, Anna H. . : Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, 2018, 363 s. ISBN 978-83-7695-701-2

Bibliografia refWorks:

RT Book, Whole

SR Electronic(1)

A2 Drelich-Skulska, B.

A2 Domiter, M.

A2 Jankowiak, A.H.

T1 International Business in the Global World

PB Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

YR 2018

SN 978-83-7695-701-2

Bibliografia BibTex:

@Book{ 219602, author = "", editor = "Drelich-Skulska, Bogusława and Domiter, Małgorzata and Jankowiak, Anna H.", title = "International Business in the Global World", publisher = "Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu", year = "2018", address = "", isbn = "978-83-7695-701-2" }

Bibliografia endNote:

TY - BOOK

AU -

ED - Drelich-Skulska, Bogusława

ED - Domiter, Małgorzata

ED - Jankowiak, Anna H.

TI - International Business in the Global World

PB - Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

CY -

PY - 2018

SN - 978-83-7695-701-2

ER -

Netografia (standard APA):

. Red. Drelich-Skulska, Bogusława; Domiter, Małgorzata; Jankowiak, Anna H.. International Business in the Global World [baza danych online] : Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, 2018 [dostęp: 02 05 2024]. Dostęp w Ibuk Libra: https://libra.ibuk.pl/reader/international-business-in-the-global-world-boguslawa-drelich-skulska-219602.

Business, globalisation, international business

In the 21st century, globalisation processes and the accompanying liberalisation of the flow of factors of production, information and ideas, driven by the development of technological innovations and information technologies, have become an inher...

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ISBN/ISSN:

978-83-7695-701-2

DOI:

Wydawnictwo:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Rok wydania:

2018

Liczba stron:

363

XML:ISBN/ISSN:

ONIX MARC21

Introduction12
Chapter 1 16
International Business and Related Fields of Study 16
1.1. Evolution of International Business as a field of study in the age of economic globalisation17
1.1.1. Introduction17
1.1.2. The nature and the definition of International Business18
1.1.3. Evolution and trends of research in the field of International Business24
1.1.4. New research problems in the field of International Business – challenges for the 21st century24
1.2. Globalisation processes and their impact on International Business31
1.2.1. The concept of globalisation – evolution, properties, main actors31
1.2.2. Liberalisation as a precondition for the development of globalisation33
1.2.3. Innovation as a prime mover in globalisation development36
1.2.4. Other factors that impact the development of globalisation40
1.2.5. The effects of globalisation – in general terms and in relation to IB42
1.3. Regionalisation and International Business46
1.3.1. Regionalisation and its rationale46
1.3.2. The effects of regionalisation49
1.3.3. The world’s regional integration groupings51
Chapter 2 54
Enterprise in International Business 54
2.1. The internationalisation process55
2.2. Transnational corporations and their role in the globalisation process56
2.2.1. The classification of international enterprises56
2.2.2. The history of TNCs60
2.2.3. The development of corporations61
2.2.4. The drivers of internationalisation62
2.2.5. The strategies of internationalisation64
2.2.6. Forms of foreign expansion66
2.2.7. Foreign Direct Investment69
2.2.8. Mergers and Acquisitions in International Business72
2.2.9. Forms of TNC cooperation on the global market76
2.3. Network connections between companies in the global economy79
2.3.1. Virtual enterprises79
2.3.2. Clusters as a form of cooperation between companies85
2.4. Small and medium-sized companies in International Business90
2.4.1. SME definition criteria91
2.4.2. Forms of internationalisation adopted in the SME sector94
2.4.3. Determinants and barriers to internationalisation in the SME sector96
2.4.4. Innovative potential of small and medium-sized companies99
Chapter 3 104
International Business Management 104
3.1. Theoretical fundaments of international management105
3.2. International management108
3.3. Supply chain113
3.4. International logistics114
3.5. Selected modern methods of management117
3.5.1. Business Process Reengineering (BPR)117
3.5.2. Benchmarking119
3.5.3. Lean Management120
3.5.4. Kaizen121
3.5.5. Time Based Management123
3.5.6. Just in Time123
3.5.7. Total Quality Management125
3.5.8. Knowledge Management127
3.6. The role of the manager in International Business128
Chapter 4 132
International Marketing 132
4.1. The role of international marketing133
4.1.1. The essence and scope of international marketing133
4.1.2. Concepts of international marketing134
4.2. International environment of the enterprise137
4.2.1. The role and importance of the international environment137
4.2.2. Elements of foreign external environment138
4.3. Evaluation of opportunities in the international market149
4.3.1. Problems of foreign market research149
4.3.2. Identification and analysis of market opportunities151
4.3.3. Segmentation of foreign markets153
4.4. The use of marketing instruments on the international market158
4.4.1. International product offering158
4.4.2. Pricing policies on international markets163
4.4.3. International channels of distribution168
4.4.4. Communication in international marketing174
Chapter 5 190
International Business Finance190
5.1. Concept of international corporate financing191
5.2. Exchange rate and its formation192
5.2.1. Concept and functions of the exchange rate192
5.2.2. Classification of exchange rates193
5.2.3. Exchange rate regimes – typology and problem of choice194
5.2.4. Equilibrium on the foreign exchange market200
5.2.5. Economic and non-economic factors influencing the exchange rate201
5.2.6. Consequences of changes in exchange rate for International Business205
5.3. Role of foreign exchange market in International Business207
5.3.1. Introduction to foreign exchange (forex) market207
5.3.2. Transactions in forex market209
5.3.3. Quotations in forex market209
5.4. Technical aspects of foreign exchange transactions211
5.5. Finance management in International Business211
5.5.1. International capital management211
5.5.2. Long-term financing of business in international financial markets212
5.5.3. Short-term financing of business in international financial markets213
5.5.4. Exchange risk management214
Chapter 6 218
Contract as a Tool of International Business 218
6.1. Introduction219
6.2. The transaction cycle in foreign trade222
6.3. The concept of contract224
6.4. Standard forms and general contractual conditions227
6.5. Contractual clause229
6.5.1. Formal and structuring clauses229
6.5.2. Principal (fundamental) clauses231
6.5.3. Supplementary clauses236
6.6. Breach of contractual obligations243
Chapter 7 248
International Settlements 248
7.1. Basic regulations of Polish foreign exchange law249
7.2. Documents determining payment and their characteristics251
7.2.1. Financial documents253
7.2.2. Commercial documents258
7.2.3. Transportation documents259
7.2.4. Insurance documents264
7.2.5. Supporting documents266
7.3. Methods of payment in international trade267
7.4. Rules for selecting the method of payment for the base price (Incoterms)272
7.5. Factoring and forfaiting in foreign trade278
Chapter 8 282
Phenomena in International Business 282
8.1. Migrations in International Business283
8.1.1. Concept, types and causes of migration283
8.1.2. Contemporary directions of migration285
8.1.3. Migration as a challenge for International Business287
8.1.4. Summary293
8.2. Multiculturalism in International Business294
8.2.1. The idea of multiculturalism294
8.2.2. Multiculturalism – an international perspective296
8.2.3. Multicultural corporations299
8.2.4. Criticism of multiculturalism302
8.2.5. Summary304
8.3. The changing consumption model305
8.3.1. Definition and factors shaping the consumption model305
8.3.2. The premise for changes in the consumption model307
8.3.3. Characteristics of the most important trends in world consumption310
8.3.4. Challenges for International Business316
8.4. Corruption as a challenge for International Business319
8.3.5. Summary319
8.4.1. Corruption – definitions, sources and types319
8.4.2. Corrupt behaviour in International Business323
8.4.3. Challenges for International Business in the field of corruption327
8.5. Diversification of environmental standards and activities of international companies330
Bibliography342
List of Figures362
List of Tables363

1.2.GlobalisationprocessesandtheirimpactonInternationalBusiness

andinterests.Forvariousreasons,thelate1970sbroughtadeclineofdeposits,

followedbyasteepriseofrealinterestrates.Atthesametime,pricesforgoods

exportedbydevelopingcountriesdroppedbyahugemargin,makingithardfor

thoseeconomiestokeepupwiththeirrepaymentobligations.BoththeIMFand

theWBofferedamplesupportundercreditduress,butinexchangefordrastic

structuralreforms,openingupfinancialmarketsandtheadoptionofthetrade

liberalisationmeasuresrequiredundertheGATTagreement.

Inthelate1980s,asaresultofthebreak-upoftheSovietUnion,

macroeconomicreformsandsystemicinternationalisationwerealsointroduced

throughouttheformer[people’sdemocracies’,includingPoland.Theirsystemic

transformationinvolvedsuchprocessesasprivatisation,deregulation,therules

ofthefreemarketandthelimitationofbarrierstogoodsandcapitalflows.

ThebankingsectorsofthosecountriesweredominatedbyWesternfinancial

institutions,whichhadapositiveeffectontheiroperationbutatthecostoftheir

increaseddependenceonexternallyformulatedpriorities.

Thegroupofcountriesthatchosetoembarkonthejourneytotrade/

investmentliberalisationandfullintegrationwiththeglobaleconomicsystemin

the1980sand90sincludessuchlargeeconomiesasChina,India,Brazil,Russia,

SouthAfrica(theso-calledBRICScountries),alongwithMexicoandArgentina.

TheseandsomeofthesmalleronessuchasChile,Columbia,Turkey,Malaysia,

Slovenia,theUnitedArabEmiratesandthecountriesofCentralEurope,were

soonclassifiedasemergingmarkets.Thetermitselfreferstothecountrieswhich

aresuccessfulintheirtransformationintofreemarketeconomiessupportedby

globalintegration,andwiththebesteffect–asmeasuredbytheleveloftheir

economicdevelopmentinrelationtothatofmorematureeconomies.Obviously,

therateandtheextentoftheglobalisationprocessesvariesbetweenthose

countries,asdoestheirmeasurableshareintheglobaleconomicflow.

1.2.3.Innovationasaprimemoveringlobalisationdevelopment

Technologicalrevolution

Whilethefirststageofglobalisationwaspredominantlystimulatedbysuch

forcesasliberalisation,deregulationandtheopeningoffinancialmarkets,the

secondphase–particularlyinthe1990s–wasshapedbythetechnological

andscientificprogressandtheassociatedfinancialinnovations.Atthattime

themostnotableimpactcamefromtheuseofmoderninformationand

communicationtechnologiesstronglyrootedinmicro-electronicinnovationssuch

asmicroprocessorsandintegratedcircuits(microchips),asthebuildingblocks

inthedevelopmentofnewtechniquesandtechnologiesindataprocessing,

broadcastingandmediaproduction,informationandcommunications,andother

areas[Rymarczyk(ed.)2010,p.215ff.].Theensuingintegrationofsound,

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