International Business: Environment & Operations

Daniels and Radebaugh have divided the text into seven multi-chapter parts: Background; Comparative Environmental Frameworks; Theories and Institutions -- Trade and Investment; World Financial Environment; International Business in International Conflicts; Corporate Policy and Strategy; and, Functional Management, Operations and Concerns. In addition to a comprehensive table of contents, including subheadings for each chapter, the authors have included both a name and a subject index to assist the reader in navigating through the text. A glossary defines terms that appear in boldface type in the text.

Within the text itself, Daniels and Radebaugh have taken care to use many typographical and editorial aids to help the reader gain the most from the text. Margin notes highlight key concepts, and good use is made of headings and subheadings, which are printe

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nt account balance, and the basic balance, which is the current account balance plus long-term capital flows. Financial markets are the main topic of discussion in Chapter 10. Daniels and Radebaugh suggest that local debt markets, which can vary considerably from country to country, provide an important source of funds for multinational companies. The authors define "Eurocurrency" as any currency which is banked outside of its country of origin. Since the dollar accounts for a large part of the Eurocurrency market, it is known as the Eurodollar (p. 305). Eurodollars are expanded through the fractional reserve concept. Under this system, banks keep only a small percentage of Eurodollars on hand and loan out the remainder, in effect creating additional Eurodollars. Similarly, Eurobonds are bond issues sold in a currency other than that of the country of issue. This differs from a foreign bond, which is one sold outside of the country of the borrower, but which is denominated in the currency of the country of issue. Most industrial countries and some developing ones have exchanges in which stock equity can be raised. The three international equity markets, however, are located in New York, Tokyo and London. The Tokyo e
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Approximate Word count = 7427
Approximate Pages = 30 (250 words per page)

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