Export Promotion
Export Promotion Schemes and Policies Export promotion has received considerable attention in India only since the Third Five-Year Plan. The Indian export has suffered from various problems such as the…
International Financial Environment
International financial environment is broadly concerned with the economic interactions between different countries rather than focus- ing on individual markets. It focuses on areas such as foreign direct investment, inflation…
International Organisations and Arrangements
International Economic Institutions In the post-globalisation world, almost every country thrives at the import and export of products. In an increasingly interconnected and interdependent world, some issues are complex for…
International Business Environment
What is Business Environment? The term business environment is defined as the sum total of all individuals, institutions and other forces that are outside the control of a business enterprise…
What is Outsourcing?
What is Outsourcing? Outsourcing refers to the practice of contracting out an organisation’s non-core and/or non-revenue generating activities to other organisations that specialise in performing those activities. The top management…
What is Global Sourcing? Benefits, Challenges, Strategies, Global Supply Chain Management
What is Global Sourcing? Global sourcing refers to the practice of purchasing raw materials, components or services from foreign companies. Usually, organisations procure goods from any source, both domestic and…
International Trade Patterns and Balance of Payments
Recent Trends in International Trade As the economies of nations round the world continue to develop, overseas trade and interdependence of corporations, markets and countries keep expanding. This improvement has…
Commercial Policy Instruments – Tariff and Non-tariff Measures
Commercial Policy A commercial policy, also known as trade policy, is a governmental policy that helps to regulate international and national trade by imposing restrictions and extending financial support in…
Theories of International Trade
Adam Smith and David Ricardo gave the classical theories of international trade. According to their theories, when a country enters in an overseas trade, it gains advantages of specialisation and…
What is Emerging Markets? Attractiveness, Potential, Risks and Challenges
Dvanced Economies, Developing Economies and Emerging Markets Advanced economies are highly industrialised countries having high per-capita earnings, aggressive industries and highly-advanced industrial infrastructure. Developing economies are low-earning nations characterised by…