This textbook on international business integrates the academic study of international trade and foreign direct investment with the actual strategic and operational decisions of exporters and multinational enterprises. The book merges managerial decision making in the internationally oriented firm with the conceptual tools provided by international economics. It covers issues of central importance to firms that invest overseas: political risk, taxation, and expatriate assignment.

Table of Contents

Business Across Borders.- Foreign Exchange.- Gains From Trade.- Factor Advantages.- Trade Costs.- Trade Rules.- Market Adaptation.- Internalization.- Multinational Formation.- Competitive Interactions.- International Taxation.- Political Analysis and Strategy.- Expatriate Assignment.