International Business

International Business provides the methods, processes, and function ing of international trade, finance, and organisations in the WTO regime along with the latest international business concepts and current practices in interna- tional trade and financial markets across the globe. The book provides several useful tools, methodologies, and conceptual approaches for any company which wants to embark upon the global business. India is a leading destination for outsourcing of Information Technology Enabled Services (ITES) and other related Business Process Outsourcing (BPO) activities. Currently, India renders more than two-thirds of all offshored ITES worldwide. Indians are playing invaluable roles in the global innovation chain. Motorola, Hewlett-Packard, Cisco Systems, and other technology giants now rely on their Indian teams to devise software platforms and dazzling multimedia features for the next-generation devices. Indian engine- ering houses use 3-D computer simulations to tweak designs of everything – from car engines and forklifts to aircraft wings – for such clients as General Motors Corp. and Boeing Co. American business isn’t just shifting research work because Indian brains are young, cheap, and plentiful. In many cases, Indian engineers combine skills that often surpass those of their American counterparts. As Cisco’s CFO Scheinman puts it: ‘We came to India for the costs, we stayed for the quality, and we’re now investing for the innovation.’