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Book details
ISBN: 9780078137198 / 0078137195
Division: Higher Education
Pub Date: JAN-10
Pages: 752

Copyright: 2011
Edition: 8
Format: Hardback
International Business

Charles W. L. Hill


About the book

Market-defining since it was first introduced, International Business 8e by Charles W. L. Hill, continues to set the standard for international business textbooks. In writing the book, Charles Hill draws on his experience in teaching, writing, and global consulting to create the most thorough, up-to-date, and thought-provoking text on the market. Because many issues in international business are complex, the text explores the pros and cons of economic theories, government policies, business strategies, organizational structures, etc. Hill's: International Business is known for its strong emphasis on strategy, and for maintaining a tight integrated flow between chapters. Hill's book is practical in nature, focusing on the managerial implications of each topic on the actual practice of international business. The author's passion and enthusiasm for the international business arena is apparent on every page as he strives to make important theories interesting, informative, and accessible to all students.
Key features

  • International Business: International Business is largely an elective course that is found in departments of management, marketing, business, economics, finance, and international business at 2 and 4-year colleges. The course is taught at the Undergraduate, Graduate, and MBA level.
    Internal Differentiation: Hill IB is the #1 market leading text. Its comprehensive and integrative framework helps students understand the interconnectivity of Int'l Biz. Hill GBT is our brief, accessible Int'l Biz text, and Ball is our comprehensive mid-level text with less focus on econ, financial & acct. info than big Hill.
    Hill IB Story: International Business 8e is the market-leading textbook written for either the undergrad course or MBA level course of IB. Hill appeals to instructors looking for an analytical (as opposed to a descriptive) approach to the course who want to emphasize strategy. While rigorous, Hill is also known for being practical; macro chapters end with a section on 'Managerial Implications' to demonstrate how the chapter concepts are relevant to managers in the real world. These portions are influenced by the author's extensive global consulting experience for companies like Starbuck's, Microsoft, and Boeing and others. Hill's practical nature is an important point as many instructors who teach this course are often not researchers, but come from the business world. The message for the market-leading eighth edition is: a completely updated text with new data as well as the finest technology and instructor's support available in this market.
  • Global Financial Crisis Update - Most notably for this edition, where applicable, the author added detailed discussions of the 2008-09 global financial crisis and its implications for international business. For example, chapter 6 opens with a case that discusses the impact of the global financial crisis on attitudes towards protectionism in many countries. Similarly, Chapter 10 opens with a case that profiles how the global financial crisis triggered economic turmoil and a currency crisis in Latvia.

  • Completely Updated ' Currency is a hallmark of this bestselling text. The 8th edition is thoroughly updated and incorporates new insights from recent scholarly research wherever appropriate. Every chapter has been reviewed and revised to make sure the content of the text covers all appropriate issues. Additionally, every effort has been made to ensure the text is as up-to-date as possible with regard to current events, statistics, and examples. For example, chapter 7 now discusses the rebound in slump in foreign direct investment flows that took place in 2008 and 2009, and explains how the global financial crisis of 2008 contributed to this. Chapter 9 discusses the weakness in the U.S. dollar between 2004 and 2008, and its paradoxical rebound in late 2008 in the midst of the global financial crisis.

  • New Opening Vignettes ' More than 50% of all chapter-opening vignettes are new. These present a real business problem or issue that provides background for the topics discussed in the chapter.

  • New closing cases ' More than 50% of all end of chapter cases have been updated to reflect the changing environment in International Business. Each includes discussion questions that allow students to apply the case to the chapter's concepts.

  • New end-of-part cases! Featured at the end of each part in the book are a total 14 cases, many of which are new to this edition. These stimulate discussion and show how chapter material relates to actual business problems. New part-ending cases include Martin's Textiles and IKEA.

  • Updated GlobalEdge Research Tasks, created by Tunga Kiyak and Tomas Hult of the CIBER Center at Michigan State, are featured in each chapter. These exercises have been: updated for the eighth edition, challenge students to solve problems similar to those faced by practicing international business managers, acquaint students with the tools and data real managers use, and are ideal for Web-based courses. Instructors are given solutions and the URL where the information is located.

  • New IB Newsletter! ' The focus of the IB Newsletter is to present an array of current IB events, related topics and teaching suggestions to assist instructors in bridging the content of the textbook to examples from the dynamically changing world of global commerce. Our goal is to assist professors in making the IB course timely and relevant. Each month we provide current and relevant examples for the IB class. Each newsletter will contain a section on each of the following: hot topics, video suggestions, cross-cultural issues, practical info for IB business people, and teaching tips which include activities and exercises.

  • New iGlobe video clips every month! - A revolutionary online video Web site available to instructors, (, iGlobe provides instructors 2 on-demand videos per month from the PBS TV show, The News Hour with Jim Lehrer. Updated monthly, these videos cover breaking stories surrounding international business issues, which allow instructors to keep their course up to speed with the ever-changing world of business. The videos come complete with teaching notes and discussion questions as well as key concepts, which are identified in each video to save instructor's time.
  • New iGlobe video clips every month! - A revolutionary online video Web site available to instructors, (, iGlobe provides instructors 2 on-demand videos per month from the PBS TV show, The News Hour with Jim Lehrer. Updated monthly, these videos cover breaking stories surrounding international business issues, which allow instructors to keep their course up to speed with the ever-changing world of business. The videos come complete with teaching notes and discussion questions as well as key concepts, which are identified in each video to save instructor's time. FOR REPS EYES ONLY!!! iGlobe is an exclusive resource for adopters and instructors using an International Business text. iGlobe is free for instructors to show inside the classroom. Students can purchase access to iGlobe as part of their Premium OLC or Cartridge purchase for $15.
  • Comprehensive and up-to-date ' This text explains how and why the world's countries differ by presenting a thorough review of the economics and politics of international trade and investment and the functions and form of the global monetary system. Unlike other IB textbooks, it also examines the strategies and structures of international businesses and assesses the special roles of an international business's various functions. All these topics are covered with the utmost attention to currency and relevance.
  • Goes Beyond the uncritical presentation and shallow explanation of the body of knowledge ' This text provides a critical approach that presents the arguments for and against economic theories, government policies, business strategies, organizational structures, and so on. Additionally, Hill explains the complexities of the many theories and phenomena unique to international business so the student might fully comprehend the statements of a theory or the reasons a phenomenon is the way it is.
  • Tight, Integrated Flow between Chapters 'Integration has been achieved by organizing the material so that each chapter builds on the material of the previous ones in a logical fashion. Relationships of new materials to topics discussed earlier are pointed out to students to reinforce their understanding and reinforces understanding of the integrated whole.
  • The Focus on Managerial Implications ' A section on Implications for Business is provided in the macro chapters where students often struggle seeing the practical application of the topic chapter. Opening and closing cases also bring practicality to the pages of the text. Additionally, Management Focus boxes provide lively illustrations of the relevance of chapter material for the practice of international business.
  • Makes important theories accessible and interesting to students ' The author's passion for the subject matter shines thru in his conversational writing, the anecdotes, and rich examples woven throughout the text. This makes Hill accessible for students at all levels.
  • Chapter 4, Ethics in International Business: In the wake of the numerous ethical scandals that swept through the business world recently, greater emphasis is placed on this vitally important topic. Like the text, the chapter is both rigorous and practical, covering not only the foundations of ethics, but also how ethics informs strategy as well as 'how-to' steps for implementing ethics into strategic operational decisions. This chapter provides efficient coverage of ethics, which is recommended by the Association to Advance Collegiate Schools of Business (AACSB).
  • Country Focus boxes provide background on the political, economic, social or cultural aspects of countries grappling with an international business issue, raising students' awareness of how national and geographic differences affect the conduct of international business. In Chapter 2, for example, one Country Focus box discusses how the economy of Venezuela has performed under the leadership of Hugo Chavez.
  • Correlation Guide:

    This convenient guide matches the units in Annual Editions: International Business, 16/e with the corresponding chapters in two of our best-selling McGraw-Hill International Business textbooks by Hill.

  • About the author

    Charles W. L. Hill
    Charles Hill received his Ph.D. in industrial organization economics from the University of Manchester's Institute of Science and Technology. He has received numerous awards for teaching excellence in both the undergraduate, MBA, and executive MBA programs at the University of Washington.

    Table of contents

    Part One ' Introduction and Overview

    Chapter 1- Globalization

    Part Two' Country Differences

    Chapter 2 National Differences in Political Economy
    Chapter 3 Differences in Culture
    Chapter 4 Ethics in International Business
    Google in China
    Mired in Corruption'Kellogg, Brown & Root in Nigeria

    Part Three ' The Global Trade and Investment Environment

    Chapter 5 International Trade Theory
    Chapter 6 The Political Economy of International Trade
    Chapter 7 The Political Economy of Foreign Direct Investment
    Chapter 8 Regional Economic Integration
    NAFTA and the US Textile Industry
    Martin's Textiles
    Agricultural Subsidies and Development
    Boeing versus Airbus
    Starbucks Foreign Direct Investment

    Part Four ' The Global Monetary System

    Chapter 9 The Foreign Exchange Market
    Chapter 10 The International Monetary System
    Chapter 11 Global Capital Markets
    Argentina's Monetary Crisis

    Part Five ' The Strategy and Structure of International Business

    Chapter 12 The Strategy of International Business
    Chapter 13 The Organization of International Business
    Chapter 14 Entry Strategy and Strategic Alliances
         The Global Automobile Industry
         Downey's Soup
    Part Six ' International Business Operations

    Chapter 15 Exporting, Importing, and Countertrade
    Chapter 16 Global Production, Outsourcing, and Logistics
    Chapter 17 Global Marketing and R&D
    Chapter 18 Global Human Resource Management
    Chapter 19 Accounting in the International Business
    Chapter 20 Financial Management in the International Business
    Li & Fung
    Castrol Oil in Vietnam
    China Mobile



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