Global Business Environment

Paper Code: 
FTM 201
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Objective:

The objective of the course is to impart knowledge with regards to the elementary concepts of international business, which forms the foundation of the course.

Learning outcomes: On completion of this paper student should be able to-

  • Understand the various types of international business environment.
  • Acquaint themselves with the concept and various types of Regional Economic Integration.
  • Gain understanding about various economic institutions such as IMF, World Bank etc.
  • Acquaint themselves with various concepts and dimensions of globalization of Indian Business.
  • Understand the various concepts related to Multinational Corporations including the organizational difference between Multinational, Global and Transnational companies.

 

 

Unit I: 

International Business Environment:
 

Economic Environment, Political & Legal Environment, Socio-cultural Environment, Demographic Environment

Regional Economic Integration:
 

Concept, Types of Integration, SAARC, OPEC, ASEAN, European Union, NAFTA

Economic Institutions:
 

IMF , World Bank, IFC  IDA, ADB

Globalization:
 

Concept, Essential Conditions for Globalisation, Drivers of Globalization, Obstacles to Globalisation of Indian Business, Factors favoring Globalisation of Indian Business

Multinational Corporations:
 

Concept of Multinational corporation, Benefits of MNCs to the Host and Home countries, Organizational difference between Multinational, Global, International and Transnational companies.

Essential Readings: 
  1. India’s Foreign Trade: IGNOU Module , IBO – 03.
  2. Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi.

 

ACADEMIC YEAR: 
2021-2022
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