1. An Overview of International Business.pptx - An Overview...

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Sangram SinhaAn Overview ofInternational BusinessIntroductionGIM | PGDM 20-21 | Term VSangram Sinha
Sangram SinhaYour own mind is a sacredenclosure into which nothing canenter except with your permission”- Arnold Bennett
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DOCOUNTRIES STILLMATTER ?Notion of sovereigntyConcept of Nation + State = Nation-State(People)(Land)Olsonian ”bandits”National GovernanceWhy do Nations compete ?01/26/20215
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What is InternationalBusiness ?
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Ancient TimeInternational Trade3000 BCE : Sumerians & Egyptians with HarappancivilizationEvolution of Silk route opened by Han Dynasty( 206 BC – 220 AD)From Greek Civilization to the fall of Roman empirein 5thcentury – Europe traded spice with Far EastSogdians ruled East-West trade route from 4thto 8thcentury ADVikings & Varangians traded from 8thto 11thcenturyand sailed through Scandinavia, Western Europe &RussiaIndian export of spices got mentions in history post850 AD.01/26/20219
Middle Age International Trade01/26/202110Vasco da Gama started European spicetrade in 14981498Dutch expedition (1595) & Dutch EastIndia Co. (1602)1595Dutch East India Co. goes bankrupt1799Opium War (1840) – Britain invadesChina1840Late entry of Americans –Massachusetts trading with Sumatranin early 19th century. SiameseAmerican treaty (1833) calls for freetrade (except rice & arms)early 19th centuryFree Trade Agreement (1860) betweenBritain & France under the presidencyof Napoleon III1860
ModernAgeInternational Trade -PoliticalEventsTreaty of Westphalia (1648) : Ending European WarWorld War I (1914 – 1918 )Bolshevik Revolution (1917):Dismantling Tsar / USSRTreaty of Versailles / ILO (1919)World War II (1939- 1945)OEEC (1949)OECD (1961)Council for Mutual Economic Assistance /COMECON (1949)3 Big GroupsBENELUX + France-Germany + ItalyECSC (1951)EEC(Treaty of Rome, 1957)UK , Swiss, Nordic countries & AustriaFree Trade AreaSpain, Portugal, Greece, Turkeyremained looseTax Heavens : Andorra, Monaco, Liechtenstein, Virgin IslandsBerlin Wall breakdown (1990)European UnionBREXIT (1918 – 19)01/26/202111
Evolution of TradeTheoriesMercantilism (pre -16thCentury)

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