MBA/BBA

Rise of New economics like Brazil, Russia, India and China (BRIC) and ASIAN countries   Introduction to BRICS  BRIC is the acronym that refers to the countries of Brazil, Russia, India and China, which are all deemed to be at a similar stage of newly advanced economic development. The acronym was coined in 2001 by Jim O’Neill from investment bank Goldman Sachs in a […]

Introduction to theories of International Trade   Some important theories of International Trade 1. Absolute Cost Advantage Theory The principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources. Adam Smith first […]

Stages in Globalization   1. Domestic Company Market potential is limited to the home country. Production and marketing facilities are located at home only. Surplus may or may not be exported. There are no overt efforts to develop foreign markets. It may add new product lines, serve new local markets but whole planning is limited […]

International Monetary Fund   Establishment of International Monetary Fund World war II had its adverse effect on the global economy.To remedy the situation,an international monetary conference was convened in 1994,at Bretton Woods in America.It was attended by the representatives of 44 countries.India also participated therein.It was decided in this Conference that two institutions be set […]

Globalization:Advantages or Disadvantages   Globalization pulls the countries out, from their detachment into the competitive world. A journey towards new collaborations and unity, it has changed the world into a global village. Both distance and isolation have been terrifically reduced. Globalization integrates trade, technology, investments, and the mobile factors of production like labor and capital. […]

Globalization   Definition Globalization is defined as the increasing process of interdependence and interconnected between different political, social and economic components of the world. It is the way in which the world is seen as the global village. Globalization is the free movement of goods, services and people across the world in a seamless and […]

Balance of Trade   Meaning Trade, in general connotation, means the purchase and sales of commodities. In International Trade, purchase and sale are replaced by imports and exports. Balance of Trade is simply the difference between the value of exports and value of imports. Thus, the Balance of Trade denotes the differences of imports and […]

Balance of Payment   Meaning Balance of payments refers to the recording of all economic transactions of a given country with rest of the world.Each country has got to enter into economic transactions with other countries of the world.As a result of such transactions,it receives payments to other countries.Balance of Payments is a statement of […]

International Business Management   Meaning There are two ways of looking at the term ‘international business’. One is the ‘action’ and the other is the‘actor’. As an ‘action’, ‘international business’ refers to the types, process, scale, governance and other aspects of carrying out international business. As referring to actor, the term ‘international business’ refers to […]

Analysis of Global Environment/Components/Types/Constituents of International Business Analysis of Global Environment Businesses are influenced by the environment that they’re in and all the situational factors that determine circumstances from day to day. It is because of this, that businesses need to keep a check and constantly analyse the environment within which they run their trade […]