International Business, 16th edition

Published by Pearson (January 3, 2017) © 2018

  • John D. Daniels Univeristy of Miami
  • Lee Radebaugh
  • Daniel P. Sullivan University of Delaware
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About the book

Cases and features bring concepts to life
  • Author¿-written cases begin and end every chapter, either introducing new material or integrating what has already been learned. These cases set the standard for integrating theory with practice on three levels. They:
    • Present an extensive range of topics from environmental, institutional, country, industry, company, and individual perspectives, with no one perspective dominating.
    • Cover topics in settings that span the globe--no region is left unaddressed and no major market is neglected.
    • Look at various issues from a range of company perspectives, in all regions of the world, from large MNEs to small exporters, from old-¿line manufacturers to emergent cyber businesses, from companies that make products to those that deliver services.
  • Looking to the Future features in each chapter offer scenarios that are important to managers, companies, or the world. The topic of each feature alludes to ideas discussed in the chapter in a way that prompts students to engage their imagination about the future of the world.
  • Point-¿Counterpoint features bring the topics of major debates to life in a way students can understand and investigate, highlighting the diversity of perspectives that managers and policy¿makers use to make sense of vital issues. The give¿-and-¿take between the two sides of the debate link theory and practice in a way that helps spark classroom discussion.
  • Maps enhance geographic literacy, add interest, and illustrate facts discussed in the text. Many case maps zero in on the case company’s home country or market region to give students a close-¿up look at foreign locales. A complete atlas can be found in Chapter 1.
  • Does Geography Matter? sections appear within appropriate chapters.
  • NEW! Marginal notes are now used to summarize discussions, while marginal chapter review notes lead students back to earlier material that helps them fathom later discussions.
  • UPDATED! Recent global changes and developments are referenced in the text, including:
    • The spread of mosquito-borne epidemics (Zika, Ebola, dengue fever, and yellow fever);
    • Changes in national borders (e.g., Crimea now a part of Russia rather than the Ukraine);
    • The rise of ISIS and its extended terrorism;
    • The expanding scale and scope of technology;
    • Oil technology that has altered global supply locations and prices;
    • The evolving role of Bitcoins for international currency exchange and investment opportunities;
    • The emergence of disruptive technologies such 3D printers, robotics, and artificial intelligence;
    • The opening of US—Cuban diplomatic exchanges;
    • The advent of negative interest rate policies in many Western markets;
    • The termination of an embargo on Iran;
    • The near breakup of certain countries (e.g., the United Kingdom and Spain);
    • The use of corporate inversions to reduce taxes;
    • Ongoing ups and downs by prominent emerging markets;
    • Accelerating sophistication of communication systems;
    • Decreasing degrees of political and economic freedom throughout the world;
    • Greater agreement that the global climate is warming;
    • The game changing implications of social media;
    • An almost unprecedented refugee movement into Europe; and
    • Greater support in many countries for more national sovereignty, leading to the possible breakup of regional economic groups.
  • UPDATED! The text’s overall length has been reduced by more than 200 pages without sacrificing content, coverage, or quality; as a result, the text is now more engaging, interesting, and readable than ever.
  • UPDATED! and NEW! All cases from the previous edition have been extensively updated and 7 new ones have been added:
    • Chapter 4: Economic Environments of the West: Problems, Puzzles, and the 4th Industrial Revolution
    • Chapter 6: The Evolution of Taiwan’s International Trade
    • Chapter 7: Should US Imports of Prescription Drugs from Canada be Widened?
    • Chapter 10: Venezuela’s Rapidly Changing Currency
    • Chapter 11: Tax Wars: Pfizer Versus the US Government
    • Chapter 14: The Borderfree Option: Going Global–Simplified
    • Chapter 16: Organizing Global Operations: The “Gore Way”


Also available with MyLab Management

MyLab™ Management is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

  • NEW! MediaShare for Business. Consisting of a curated collection of business videos tagged to learning outcomes and customizable, auto-scored assignments, MediaShare for Business now helps students understand why they are learning key concepts and how they will apply those in their careers. Instructors can also assign favorite YouTube clips or original content and employ MediaShare’s powerful repository of tools to maximize student accountability and interactive learning, and provide contextualized feedback for students and teams who upload presentations, media, or business plans. 
  • NEW! Personal Inventory Assessment (PIA) is a collection of online exercises designed to promote self-reflection and engagement in students, enhancing their ability to connect with management concepts. Assessments are assignable by instructors who can then track students’ completions. Student results include a written explanation and graphic display that shows how their results compare to the class as a whole, and can be used to promote classroom discussion.
  • NEW! eText 2.0 optimized for mobile
    • eText 2.0 mobile app offers offline access and can be downloaded for most iOS and Android phones/tablets from the Apple App Store or Google Play
    • Seamlessly integrated videos and other rich media
    • Accessible (screen-reader ready)
    • Configurable reading settings, including resizable type and night reading mode
    • Instructor and student note-taking, highlighting, bookmarking, and search
  • Chapter Warm-ups help you hold your students accountable for learning key concepts in each chapter before coming to class. The assignment consists of basic questions related to topics in the text, and gives students the chance to access their eText to read about the topics in question. Grading and item analysis in the assignment allow you to see what students know and don’t know. 
  • An Enhanced eText keeps students engaged in learning on their own time, while helping them achieve greater conceptual understanding of course material. The worked examples bring learning to life, and algorithmic practice allows students to apply the very concepts they are reading about. Combining resources that illuminate content with accessible self-assessment, MyLab Management with Enhanced eText provides students with a complete digital learning experience--all in one place.
  • Learning Catalytics™ helps you generate class discussion, customize your lecture, and promote peer-to-peer learning with real-time analytics. As a student response tool, Learning Catalytics uses students’ smartphones, tablets, or laptops to engage them in more interactive tasks and thinking.
    • NEW! Upload a full PowerPoint® deck for easy creation of slide questions
    • NEW! Team names are no longer case sensitive
    • Help your students develop critical thinking skills
    • Monitor responses to find out where your students are struggling
    • Rely on real-time data to adjust your teaching strategy
    • Automatically group students for discussion, teamwork, and peer-to-peer learning
  • Dynamic Study Modules help students study effectively on their own by continuously assessing their activity and performance in real time. Here's how it works: students complete a set of questions with a unique answer format that also asks them to indicate their confidence level. Questions repeat until the student can answer them all correctly and confidently. Once completed, Dynamic Study Modules explain the concept using materials from the text. These are available as graded assignments prior to class, and accessible on smartphones, tablets, and computers. NEW! Instructors can now remove questions from Dynamic Study Modules to better fit their course.
  • Reporting Dashboard. View, analyze, and report learning outcomes clearly and easily, and get the information you need to keep your students on track throughout the course with the new Reporting Dashboard. Available via the MyLab Management Gradebook and fully mobile-ready, the Reporting Dashboard presents student performance data at the class, section, and program levels in an accessible, visual manner.
  • Branching, Decision-Making Simulations put your students in the role of manager as they make a series of decisions based on a realistic business challenge. The simulations change and branch based on their decisions, creating various scenario paths. At the end of each simulation, students receive a grade and a detailed report of the choices they made with the associated consequences included.
  • Video Exercises explore a variety of business topics related to the theory students are learning in class. Quizzes assess students’ comprehension of the concepts covered in each video.
  • Writing Space. Better writers make great learners--who perform better in their courses. Designed to help you develop and assess concept mastery and critical thinking, the Writing Space offers a single place to create, track, and grade writing assignments, provide resources, and exchange meaningful, personalized feedback with students, quickly and easily. Thanks to auto-graded, assisted-graded, and create-your-own assignments, you decide your level of involvement in evaluating students' work. The auto-graded option allows you to assign writing in large classes without having to grade essays by hand. And because of integration with Turnitin®, Writing Space can check students’ work for improper citation or plagiarism.
  • Quizzes and Tests. Pre-built quizzes and tests allow you to quiz students without having to grade the assignments yourself.
About the book

Cases and features bring concepts to life

  • Marginal notes are now used to summarize discussions, while marginal chapter review notes lead students back to earlier material that helps them fathom later discussions.
  • Recent global changes and developments are referenced in the text, including:
    • The spread of mosquito-borne epidemics (Zika, Ebola, dengue fever, and yellow fever);
    • Changes in national borders (e.g., Crimea now a part of Russia rather than the Ukraine);
    • The rise of ISIS and its extended terrorism;
    • The expanding scale and scope of technology;
    • Oil technology that has altered global supply locations and prices;
    • The evolving role of Bitcoins for international currency exchange and investment opportunities;
    • The emergence of disruptive technologies such 3D printers, robotics, and artificial intelligence;
    • The opening of US—Cuban diplomatic exchanges;
    • The advent of negative interest rate policies in many Western markets;
    • The termination of an embargo on Iran;
    • The near breakup of certain countries (e.g., the United Kingdom and Spain);
    • The use of corporate inversions to reduce taxes;
    • Ongoing ups and downs by prominent emerging markets;
    • Accelerating sophistication of communication systems;
    • Decreasing degrees of political and economic freedom throughout the world;
    • Greater agreement that the global climate is warming;
    • The game changing implications of social media;
    • An almost unprecedented refugee movement into Europe; and
    • Greater support in many countries for more national sovereignty, leading to the possible breakup of regional economic groups.
  • The text’s overall length has been reduced by more than 200 pages without sacrificing content, coverage, or quality; as a result, the text is now more engaging, interesting, and readable than ever.
  • All cases from the previous edition have been extensively updated and 7 new ones have been added:
    • Chapter 4: Economic Environments of the West: Problems, Puzzles, and the 4th Industrial Revolution
    • Chapter 6: The Evolution of Taiwan’s International Trade
    • Chapter 7: Should US Imports of Prescription Drugs from Canada be Widened?
    • Chapter 10: Venezuela’s Rapidly Changing Currency
    • Chapter 11: Tax Wars: Pfizer Versus the US Government
    • Chapter 14: The Borderfree Option: Going Global–Simplified
    • Chapter 16: Organizing Global Operations: The “Gore Way”


Also available with MyLab Management

MyLab™ Management is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

  • MediaShare for Business. Consisting of a curated collection of business videos tagged to learning outcomes and customizable, auto-scored assignments, MediaShare for Business now helps students understand why they are learning key concepts and how they will apply those in their careers. Instructors can also assign favorite YouTube clips or original content and employ MediaShare’s powerful repository of tools to maximize student accountability and interactive learning, and provide contextualized feedback for students and teams who upload presentations, media, or business plans. 
  • Personal Inventory Assessment (PIA) is a collection of online exercises designed to promote self-reflection and engagement in students, enhancing their ability to connect with management concepts. Assessments are assignable by instructors who can then track students’ completions. Student results include a written explanation and graphic display that shows how their results compare to the class as a whole, and can be used to promote classroom discussion.
  • eText 2.0 optimized for mobile
    • eText 2.0 mobile app offers offline access and can be downloaded for most iOS and Android phones/tablets from the Apple App Store or Google Play
    • Seamlessly integrated videos and other rich media
    • Accessible (screen-reader ready)
    • Configurable reading settings, including resizable type and night reading mode
    • Instructor and student note-taking, highlighting, bookmarking, and search

I. Background for International Business

1. Globalization and International Business

 

II. Comparative Environmental Frameworks

2. The Cultural Environments Facing Business

3. The Political and Legal Environments Facing Business

4. The Economic Environments Facing Business

5. Globalization and Society

 

III. Theories and Institutions: Trade and Investment

6. International Trade and Factor Mobility Theory

7. Governmental Influence on Trade

8. Cross-National Cooperation and Agreements

 

IV. World Financial Environment

9. Global Foreign-Exchange Markets

10. The Determination of Exchange Rates

11. Global Capital Markets

 

V. Global Strategy, Structure, and Implementation

12. The Strategy of International Business

13. Country Evaluation and Selection

14. Export and Import

15. Direct Investment and Collaborative Strategies

16. The Organization of International Business

 

VI. Managing International Operations

17. Marketing Globally

18. Global Operations and Supply-Chain Management

19. International Accounting and Finance Issues

20. International Human Resource Management

John D. Daniels, the Samuel N. Friedland Chair of Executive Management emeritus at the University of Miami, received his BBA, MBA, and PhD respectively at the University of Miami, University of the Americas, and the University of Michigan. He also holds an honorary doctorate from UPAO in Peru. His dissertation won first place in the award competition of the Academy of International Business. Since then, he has been an active researcher and won a decade award from the Journal of International Business Studies. His articles have appeared in such leading journals as Academy of Management Journal, Advances in International Marketing, California Management Review, Columbia Journal of World Business, International Marketing Review, International Trade Journal, Journal of Business Research, Journal of High Technology Management Research, Journal of International Business Studies, Management International Review, Multinational Business Review, Strategic Management Journal, Transnational Corporations, and Weltwirtschaftliches Archiv.

Professor Daniels has published 15 books, most recently Multinational Enterprises and the Changing World Economy (co-edited with Ray Loveridge, Tsai-Mei Lin, and Alan M. Rugman), three volumes on Multinational Enterprise Theory, and three volumes on International Business and Globalization (all co-edited with Jeffrey Krug). On its 30th anniversary, Management International Review referred to him as “one of the most prolific American IB scholars.” He served as president of the Academy of International Business and dean of its Fellows. He also served as chairperson of the international division of the Academy of Management, which named him Outstanding Educator of the Year in 2010.

Professor Daniels has worked and lived a year or longer in 7 different countries, worked shorter stints in approximately 30 other countries on 6 continents, and traveled in many more. His foreign work has been a combination of private sector, governmental, teaching, and research assignments. He was formerly a faculty member at Georgia State University and The Pennsylvania State University, director of the Center for International Business Education and Research (CIBER) at Indiana University, and holder of the E. Claiborne Robins Distinguished Chair at the University of Richmond.

Lee H. Radebaugh is the emeritus Kay and Yvonne Whitmore Professor of International Business and former Director of the Whitmore Global Management Center/CIBER at Brigham Young University. He received his MBA and doctorate from Indiana University. He was a faculty member at The Pennsylvania State University from 1972 to 1980. He also has been a visiting professor at Escuela de Administración de Negocios para Graduados (ESAN) in Lima, Peru. In 1985, Professor Radebaugh was the James Cusator Wards visiting professor at Glasgow University, Scotland.

His other books include International Accounting and Multinational Enterprises (John Wiley and Sons, 6th edition) with S. J. Gray and Erv Black; Introduction to Business: International Dimensions (South-Western Publishing Company) with John D. Daniels; and seven books on Canada–US trade and investment relations, with Earl Fry as co-editor. He has also published several other monographs and articles on international business and international accounting in journals such as the Journal of Accounting Research, Journal of International Financial Management and Accounting, Journal of International Business Studies, and the International Journal of Accounting. He is the former editor of the Journal of International Accounting Research and area editor of the Journal of International Business Studies.

His primary teaching interests are international business and international accounting. Professor Radebaugh has been an active member of the American Accounting Association, the European Accounting Association, the International Association of Accounting Education and Research, and the Academy of International Business, having served on several committees as the president of the International Section of the AAA and as the secretary treasurer of the AIB. He is a member of the Fellows of the Academy of International Business. In 2007, Professor Radebaugh received the Outstanding International Accounting Service Award of the International Accounting Section of the American Accounting Association, and in 1998, he was named International Person of the Year in the state of Utah and Outstanding International Educator of the International Section of the American Accounting Association. In 2012, Lee was honored when the award for the top article published in the Journal of International Accounting Research in the past decade was named the Lee H. Radebaugh Notable Contribution to International Accounting Research.

Daniel P. Sullivan, Professor of International Business at the Alfred Lerner College of Business of the University of Delaware, received his PhD from the University of South Carolina. He researches a range of topics, including globalization and business, international management, global strategy, competitive analysis, and corporate governance. His work on these topics has been published in leading scholarly journals, including the Journal of International Business Studies, Management International Review, Law and Society Review, and Academy of Management Journal. In addition, he has served on the editorial boards of the Journal of International Business Studies and Management International Review.

Professor Sullivan has been honored for both his research and teaching, receiving grants and winning awards for both activities while at the University of Delaware and, his former affiliation, the Freeman School of Tulane University. He has been awarded numerous teaching honors at the undergraduate, MBA, and EMBA levels—most notably, he has been voted Outstanding Teacher by the students of 18 different executive, MBA, and undergraduate classes at the University of Delaware and Tulane University. Professor Sullivan has taught, designed, and administered a range of in-class and online graduate, undergraduate, and nondegree courses on topics spanning globalization and business, international business operations, international management, strategic perspectives, executive leadership, and corporate strategy. In the United States, he has delivered lectures and courses at several university sites and company facilities. In addition, he has led courses in several foreign countries, including China, Hong Kong, Bulgaria, the Czech Republic, France, South Korea, Switzerland, Taiwan, and the United Kingdom. Finally, he has worked with many managers and consulted with several multinational enterprises on issues of international business.

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