For a first course in international business at the undergraduate or M.B.A. Level. Section 1 discusses the nature of international business and the three environments in which an international businessperson works. Section II examines the important international organizations, the international monetary system and their input in business. Section III discesses the uncontrollable forces that mak…
By losing their ability to control exchange rates and protect their currencies, nation states, assers Ohmae, have forfeited their role as critical participants in the global economy. Ohmae contends that five great forces have usurped the economic power once held by the nation state, resulting in the rise of region states which have closer links to the global economy than to their "host" nations.