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International Business


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Table of Contents

Part One- Introduction and OverviewChapter 1: Globalization Opening case: Medical Tourism and the Globalization of Health Care Closing case: Building the Boeing 787Part Two- National DifferencesChapter 2: National Differences in Political Economy, and legal systemsOpening case: Corruption in BrazilClosing case: Putin's RussiaChapter 3: National Differences in Economic DevelopmentOpening case: Democracy and Economic Development in Sub-Saharan AfricaClosing case: Political and Economic Reform in MyanmarChapter 4: Differences in cultureOpening case: busy Buy and eBay in ChinaClosing case: World Expo 2020 in Dubai, UAEChapter 5: Ethics, Corporate Social Responsibility, and SustainabilityOpening case: Making toys globallyClosing case: Bitcoin as an Ethical DilemmaPart Three- The Global Trade and Investment EnvironmentChapter 6: International Trade TheoryOpening case: China and Australia Enter into a Free Trade AgreementClosing case: Creating the World's Biggest Free Trade ZoneChapter 7: Government Policy and International TradeOpening case: U.S Tariffs on Chinese Solar Panels Benefit MalaysiaClosing case: Sugar Subsidies Drive Candy Makers AbroadChapter 8: Foreign Direct InvestmentOpening case: Volkswagen in RussiaClosing case: Foreign Direct Investment in NigeriaChapter 9: Regional Trade Pacts Give the Mexican Auto Industry an EdgeClosing case: Tomato WarsPart Four- The Global Monetary SystemChapter 10: The Foreign Exchange MarketOpening case: Subaru's Sales Boom Thanks to the Weaker YenClosing case: Embraer and the Wild Ride of the Brazilian RealChapter 11: The International Monetary SystemOpening case: The IMF and Ukraine's Economic CrisisClosing case: The IMF and Iceland's Economic RecoveryChapter 12: The Global Capital MarketOpening case: Alibaba's Record-Setting IPOClosing case: Declining Cross-Border Capital Flows-Retreat or Reset? Part Five- The Strategy and Structure of International BusinessChapter 13: The Strategy of International BusinessOpening case: IKEA's Global StrategyClosing case: Global Strategy LeversChapter 14: The Organization of International BusinessOpening case: P&G-Strength in ArchitectureClosing case: Koninklijke Philips NVChapter 15: Entry Strategy and Strategic AlliancesOpening Case: Starbucks' Foreign Entry StrategyClosing case: General Motors CorporationPart Six- International Business FunctionsChapter 16: Exporting, Importing, and CountertradeOpening case: Exporting DessertsClosing case: Two Men and a TruckChapter 17: Global Production and Supply Chain Management Opening case: Apple: The Best Supply Chains in the World? Closing case: Two Men and a TruckChapter 18: Global Marketing and R&DOpening case: Global Branding of Avengers and Iron ManClosing case: Domino's WorldwideChapter 19: Global Human Resource ManagementOpening case: A Global Team at Mary Kay Inc. Closing case: IBM and Its Human ResourcesChapter 20: Accounting and Finance in the International BusinessOpening case: Skype Now a Division of MicrosoftClosing case: Google and Its Tax StrategyPart Seven- Integrative CasesMaking the Apple iPhoneRevolution in EgyptGhana: An African Dynamo? Walmart Can't Conquer All CountriesEthics of Exporting Used BatteriesThe Rise of India's Drug IndustryI Want My Greek TV!The Rise and Fall of the Japanese YenCurrency Trouble in MalawiThe IPO of the Industrial and Commercial Bank of ChinaMaking Ford Globally Competitive Organizing Siemens for Global CompetitivenessJCB Pins Hopes on the Indian MarketMD International and Latin AmericaAmazon Kindle EvolutionBurberry's Global BrandMMC China Joint VentureBrazil's Gol Airlines

About the Author

Charles W. L. Hill is the Hughes M. and Katherine Blake Professor of Strategy and International Business at the Foster School of Business, University of Washington. The Foster School has a Center for International Business Education and Research (CIBER), one of only 17 funded by the U.S. Department of Education, and is consistently ranked as a Top-25 business school. Learn more about Professor Hill at A native of the United Kingdom, Professor Hill received his PhD from the University of Manchester, UK. In addition to the University of Washington, he has served on the faculties of the University of Manchester, Texas A&M University, and Michigan State University. Professor Hill has published over 50 articles in top academic journals, including the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, and Organization Science. Professor Hill has also published several textbooks including International Business (McGraw-Hill) and Global Business Today (McGraw-Hill). His work is among the most widely cited in the world in international business and strategic management. Beginning in 2014, Dr. Hill partnered with Dr. Tomas Hult in a formidable co-authorship of the IB franchise of textbooks (International Business, Global Business Today). This brought together two of the most cited international business scholars in history. Professor Hill has taught in the MBA, Executive MBA, Technology Management MBA, Management, and PhD programs at the University of Washington. During his time at the University of Washington he has received over 25 awards for teaching excellence, including the Charles E. Summer Outstanding Teaching Award. Professor Hill works on a private basis with a number of organizations. His clients have included Microsoft, where he has been teaching in-house executive education courses for two decades. He has also consulted for a variety of other large companies (e.g., AT&T Wireless, Boeing, BF Goodrich, Group Health, Hexcel, Microsoft, Philips Healthcare, Philips Medical Systems, Seattle City Light, Swedish Health Services, Tacoma City Light, Thompson Financial Services, WRQ, and Wizards of the Coast). Professor Hill has also served on the advisory board of several start-up companies. For recreation, Professor Hill enjoys skiing, and competitive sailing! G. Tomas M. Hult is the John W. Byington Endowed Chair, professor of marketing and international business, and director of the International Business Center in the Eli Broad College of Business at Michigan State University. The Broad College has a Center for International Business Education and Research (CIBER), one of only 17 funded by the U.S. Department of Education, and is consistently ranked as a Top-25 business school. Learn more about Professor Hult at A native of Sweden, Professor Hult received a mechanical engineer degree in Sweden before obtaining a PhD at The University of Memphis. In addition to Michigan State University, he has served on the faculties of Florida State University and the University of Arkansas at Little Rock. Dr. Hult holds visiting professorships in the International Business group of his native Uppsala University, Sweden (since 2013) and the International Business division of Leeds University, UK (since 2010). Michigan State, Uppsala, and Leeds are all ranked in the top 10 in the world in international business research. Several studies have ranked Professor Hult as one of the most cited scholars in the world in business and management. He served as editor of Journal of the Academy of Marketing Science, a Financial Times Top-50 business journal, and has published more than 70 articles in premier business journals, including Journal of International Business Studies, Academy of Management Journal, Strategic Management Journal, Journal of Management, Journal of Marketing, Journal of the Academy of Marketing Science, Journal of Retailing, Journal of Operations Management, Decision Sciences, and IEEE. He has also published several textbooks including International Business (McGraw-Hill) and Global Business Today (McGraw-Hill). Dr. Hult's other books include Second Shift: The Inside Story of the Keep GM Movement, Global Supply Chain Management, Total Global Strategy, and Extending the Supply Chain. He is a regular contributor of op-ed and articles in the popular press (e.g., Time, Fortune, World Economic Forum, The Conversation). Professor Hult is a well-known keynote speaker on international business, international marketing, global supply chain management, global strategy, and marketing strategy. He teaches in doctoral, master's, and undergraduate programs at Michigan State University. He also teaches frequently in executive development programs and has developed a large clientele of the world's top multinational corporations (e.g., ABB, Albertsons, Avon, BG, Bechtel, Bosch, BP, Defense Logistics Agency, Domino's, FedEx, Ford, FreshDirect, General Motors, GroceryGateway, HSBC, IBM, Michigan Economic Development Corporation, Masco, NASA, Raytheon, Shell, Siemens, State Farm, Steelcase, Tech Data, and Xerox). Tomas Hult is an elected Fellow of the Academy of International Business (AIB), one of only about 90 scholars worldwide receiving this honor, and serves as the executive director and foundation president of AIB. He also serves on the U.S. District Export Council and holds board member positions on the International Trade Center of Mid-Michigan and the Sheth Foundation. Tomas enjoys tennis, golf, and traveling as his favorite recreational activities.

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