The aim of this well-written text is to give students the tools to analyse systematically the different facets of international business environment and how they affect the internal organisation. The text focusses on five aspects of the cross border environment_exchange rates and international capital markets, trading patterns and regimes, regulatory content, and political The aim of this well-written text is to give students the tools to analyse systematically the different facets of international business environment and how they affect the internal organisation. The text focusses on five aspects of the cross border environment_exchange rates and international capital markets, trading patterns and regimes, regulatory content, and political context. Theories, models and insights have been integrated from a variety of disciplines and functional areas, while emphasising managerial relevance and providing a general manage-ment focus to issues confronting the multinational enterprises. Table of Contents Preface. Introduction. Forces of Globalization. Foreign Exchange: The Basics. Foreign Exchange: Transaction Exposure. Exchange Rates: Economic Exposure. Theories of International Trade. The Trading Environment of International Business: Laws and Institutions. The Regulatory Environment of International Business. The Ethical and Social Responsibility Environment of International Business. Country Risk Analysis. Political Risk Analysis. The Analysis of MNEs by Countries. The Cultural Environment of International Business. Competitive Strategy and the International Business Environment. Designing Organizations for International Environments. Index.