Final Topics

Chapter 9: The Foreign Exchange Market

The functions of the Foreign Exchange Market
The nature and uses of the Foreign Exchange Market
Exchange Rate Forecasting
Currency Convertibility
Prices and Exchange Rates
Implications for Business: What do exchange rates mean for managers?

Closing Case: The Ultimate Store of Wealth

Chapter 10: The Global Monetary System

The Gold Standard
The collapse of the Fixed Exchange Rate System
The Floating Exchange Rate regime
Fixed versus Floating Exchange rates
Exchange Rate regimes
The IMF today
Crisis management by the IMF
Implications for Business: What do managers need to know about the monetary system?

Closing Case: Economic Turmoil in Latvia

Chapter 15: Global Production, Outsourcing, and Logistics

Strategy, Production, and Logistics
Where to Produce
The Strategic Role of a Foreign Production Site
Outsourcing Production: Make-or-Buy Decisions
Implications for Business: coordination through materials management, just-in-time systems, and the
importance of information technology

Closing Case: The Maturing Indian Vehicle Industry

Chapter 16: Global Human Resource Management

The Strategic Role of International HRM
Staffing Policy
Training and Management Development
Performance Appraisal
Compensation

Closing Case: Learning from the Original Expatriates