Questions

1. What is mercentilism? 2. Explain in brief the cold war era between USA and USSR 1946-1991 in reference to international business. 3. Illustrate British empire as an undisputed world economic power after industrial revolution. 4. Disucuss in brief the history of international business in refernce with - British empire, Power of USA and fall of communism, China from third Country to super power, Merging of europe in to one economy. 5.What does LPG and SPG stands for? 6.August Coup has a significance role in the globalization. Explain

Things I have discussed in the Class1. Spaniards and the portugese won Trade Routes from the Medditerranean Powers in 14-16th Century. Silk Route connecting China, pakistan, Turkey, Iran,Syria) 2.Numerous wars in Europe and else where over International trading rights,trade routes and maintainence of trading Colonies. 3. 18th Cemtury Industrial revolution-Technical progress and innovation in textiles,coal, iron and steel make britian world undisputed economic power and had many colonies around the world. 4.Second world war- USSR and USA fought against Japan, Italy and Germany. 5. Cold war between USA ( Consumerism and indivudual liberty) and USSR( Stateless and equal society) 1946- 1991 - Korean war, Vietnam war and August Coup- fall of soviet union). 6. China - Tianmen Square 1989..Macdonald, pizza hut, KFC enter China after 1995, Stock market was introduced in SZ and shanghai in late 90's 7.Introduction of LPG in India 8. Arab Uprising for transition to democracy

Introduction to International Business

A product is seldom completely produced in one country nor consumed in the same country. Its design fabrication, asembling and stamping are done in different countries and then marked all over the world. Production and consumption are globally spread for most products. Economics, trade and finance know no national boarders.They are truly international, multinational,global and transnational. Todays's economy has not become economy of this nation or that nation but of global economy. Business activities has to be conceived, designed and executed with a global perspective. What is IB? - Business transactions & trade across the geographical boundary of a country is IB. IB field is concerned with the issues facing international companies and governments in dealing with all types of crossborder transactions. IB involves all business transactions that involve two or more countries. IB consists of transactions that are devised and carried out across borders to satisfy the objectives of individuals and organizations. IB consists of those activities private and public enterprises that involve the movement across national boundaries of goods and services, resources, knowledge or skills. -Two determinants factor- @ Technological Development which make Global communication and transportation relatively quick and convinient. -The disappearance of substantial part of communist world, opening many of world's economies to private business. (Changing Political Situations) Features of IB 1.Large scale operations: 2. Integration of economics: (Combination of diff. economy) 3.Dominated by developed Countries: 4.Benefits to participating Countries: 5.Keen Competition: 6. Special role of science and technology: 7.International restrictions: 8. Sensitive nature: