CS PROFESSIONAL ELECTIVE 5 - INTERNATIONAL BUSINESS – LAWS AND PRACTICES

MODULE 3 ELECTIVE PAPER 5

INTERNATIONAL BUSINESS – LAWS AND PRACTICES

Introduction

1. International Business – Nature and Scope,

2. Globalization – Meaning, Levels, Merits, Limitations and irreversibility of Globalization

3. Need to go global

4. Internationalisation Decisions (entry modes)

5. SEZ features

International Business Environment

1. Meaning of Environment

2. Dimensions – PEST to STEEPLE

3. Internal Environment and External Environment

4. SWOT Analysis

5. Various approaches to Assess competitiveness including Michael Porter’s 5- Forces Model

6. Global Competitiveness Index

Multi National Enterprises (MNEs) and Foreign Direct Investment (FDI)

1. Meaning and Characteristics

2. Role of MNEs in host economy

3. Trends in Global FDI

4. Trends in FDI with reference to India

5. Issues with MNEs – Taxation, Restrictive Trade Practices, Currency, Jurisdiction and Technology Transfer

Foreign Trade Policy and Procedures

1. Introduction to Foreign Trade Policy

2. Institutional Framework for Export Promotion

3. Export Incentives and Facilities

4. EPZ/FTZ/100% EOUs

5. Quality Control for Exports

6. Export Prospects for Select Products and Services

7. INCO Terms

8. International Commercial Arbitration-Shipment and Post Shipment Finance

9. SEZ-Incentives and Benefits

10. Method of Realizing Export Payments and Ensuring Guaranteed Export Payment

11. Central Excise Clearance Formalities

12. Customs Regulations and Clearance Formalities for Exports & Imports

13. Duty Draw Back Claims Procedure

14. Foreign Trade Financing – Export & Import

15. Foreign Exchange Risk Management

16. International Credit Management

17. Warehousing

18. Instruments of Trade Policy and India’s Trade Policy

International Trade and Regional Economic Integration

1. Theory – Mercantilism, absolute advantage and comparative advantage

2. Trends in Global Trade

3. Trends in India’s Trade

4. Types of Regional Economic Integration – Free Trade Area, Customs Union, Common Market, Economic Union, Monitory Union and Political Union etc.

5. Trading Blocks- ASEAN,SAFTA,SAARC,NAFTA,EU

Institutional Environment

1. Pre WTO Scenario, the difference between GATT and WTO

2. Trade-Related Institutions – WTO and UNCTAD

3. WTO – Basic Principles, various agreements, Functions and Areas of Operations, Dispute Settlement Mechanism (rules and procedures)

4. IMF, IBRD, ADB

5. Commodity Agreements

Anti-Dumping Duties

1. WTO Provisions on Anti-Dumping-, Anti-Dumping Duties, Procedure and Developments

2. Regulatory Framework for Anti Dumping in India

3. Recent Anti Dumping Cases in India

Subsidies and Countervailing Duties

1. WTO Provisions

2. Administration

3. Procedure and Emerging Trends

4. Regulatory Framework for Subsidies & Countervailing duties in India e. Doha Development Round

Foreign Collaborations and Joint Ventures

1. Foreign Direct Investment Policy, Industrial Policy

2. Kinds of Collaboration and Joint Ventures

3. Drafting of Agreement

4. Restrictive Clauses in the Foreign Collaboration/Joint Venture Agreements

5. International Commercial Arbitration

Strategic Alliances

1. Meaning, Rationale, Types, Trends in Alliances in New Competitive Environment, Strategic Alliance Failures, Managing Strategic Alliances.

Logistics Management

1. Logistics Framework- Concept, Objective and Scope

2. Transportation, Warehousing, Inventory Management, Packing and Unitization, Control and Communication

3. Role of IT in Logistics, Logistics Service Firms and Third Party Logistics