8th Edition | See Newer Edition

By Charles W. L. Hill

  • Copyright: 2014

  • Publication Date: Jan 24 2013

  • ISBN 10: 0077512316

  • ISBN 13: 9780077512316



Charles Hill’s Global Business Today, 8e has become the most widely used text in the International Business market because its:

Current—it is comprehensive and up-to-date.

Charles Hill’s Global Business Today, 8e has become the most widely used text in the International Business market because its:

Current—it is comprehensive and up-to-date.
Application Rich—it goes beyond an uncritical presentation and shallow explanation of the body of knowledge.
Relevant—it focuses on managerial implications.
Integrated—it maintains a tight, integrated flow between chapters, and incorporates ancillary resources that enliven the text and making it easier to teach.

Our research has shown that students and instructors alike enjoy the interesting, informative, and accessible writing style of GBT – so much so that the writing has become Charles Hill’s trademark. The author’s passion and enthusiasm for the international business arena is apparent on every page. In addition to boxed material which provides deep illustrations in every chapter, Hill carefully weaves interesting anecdotes into the narrative of the text to engage the reader.

  • Language: English

  • Imprint: Irwin/McGraw-Hill

  • Dimension: 8.6 x 10.5

  • Page Count: 0

New Features

  • NEW Chapter Layout—Instructor feedback indicated it was difficult for many students to absorb the amount of information contained within chapter 2. In response, the author responded by separating the material to make a new chapter; Chapter 3 has been added and titled, Political Economy and Economic Development.
  • Comprehensive and Up-to-Date—the environment of business has changed and to represent it, the author has incorporated the most recent available statistical data in all of the texts chapters along with new examples, cases, and features throughout. All chapter opening and closing cases are new to this edition, and all statistics, figures and maps have been updated in chapters 1, 3, 7, 8, and in chapter 10 the author includes the most recent data on foreign exchange rates, the Economist Big Mac Index, etc.
  • Expanded Discussion on Topics—chapter 1 includes discussion of new studies on income distribution and globalization; chapter 5 contains a new section on societal culture and ethics; chapter 7 contains a new section on protecting the environment; chapter 9 provides a detailed discussion of sovereign debt crisis added to the euro; and in chapter 15, the author highlights hidden costs of foreign locations, and dynamic capabilities, and how their role influences make or buy decisions.
  • cesim Global Challenge is an International Business simulation designed to develop student understanding of the interaction and complexity of various business disciplines and concepts in a rapidly evolving, competitive business environment. The simulation has a particular focus on creating long term, sustainable, and profitable growth of a global technology company. Student teams make decisions about technology-based product roadmaps, and global market and production strategies involving economics, finance, human resources, accounting, procurement, production, logistics, research and innovation, and marketing. cesim improves the knowledge retention, business decision making and teamwork skills of students.
  • Focus on Managerial Implications – a section is provided at the end of macro chapters where students often struggle seeing the practical application of the topic chapter. Management Focus boxes provide lively illustrations of the relevance of chapter material for the practice of international business. For example, chapter 5 contains a new Management Focus on Corruption at Daimler; and chapter 9 contains a new Management Focus on the European Commission and Intel.
  • Revised! Country Focus—the author continues to 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. Chapter 3, for example, contains a new Country Focus box titled, “India’s Economic Transformation;” chapter 5 contains a new Country Focus box titled “The Greek Sovereign Debt Crisis;” and chapter 10 contains a new Country Focus box titled, “Quantitative easing, inflation and the value of the U.S. dollar.”
  • To purchase an eBook version of this title, visit www.CourseSmart.com (ISBN: 9780077512262). With the CourseSmart eTextbook version of this title, students can save money, reduce their impact on the environment, and access powerful web tools for learning. Faculty can also review and compare the full text online without having to wait for a print desk copy.

Key Features

  • Connect International Business ISBN: 9780077512279 is McGraw-Hill’s Web-based assignment and assessment platform that gives students the means to better connect with their coursework, with their instructors, and with the important concepts that they will need to know for success now and in the future. With Connect International Business, instructors can deliver assignments, quizzes, and tests easily online. Connect for Global Business Today includes Interactive Applications, which are available for each chapter of the textbook and allow students to apply concepts from the book to a video case, make business decisions based on specific scenarios/cases from real world companies, analyze a case and apply chapter concepts, demonstrate problem solving skills through complex examples and diagrams, and demonstrate knowledge about business models and processes.
  • 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 material to topics discussed earlier are pointed out to students to reinforce their understanding and reinforces understanding of the integrated whole.
  • 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. Another Perspective boxes provide additional context for chapter topics.
  • 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).
  • globalEdge Research Tasks created by Tunga Kiyak and the team at MSU-CIBER of Michigan State University are featured in each chapter and have been updated from the previous edition. These exercises 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.
  • Tegrity Campus allows you to record your lectures, saving you time and serving as a teaching assistant 24/7. There is no special hardware or IT required, and with a simple one click recording in your desktop tray you’re ready to record. After selecting the icon, you now deliver your presentation as you always would. Click through your slides, visit websites, explore spreadsheets, show video, etc. and everything on your screen is captured along with the audio recording from your computer microphone or a microphone you may have clipped to the collar of your shirt. After your lecture, there is a simple upload into Tegrity or Connect for quick and easy student access.
  • Blackboard Partnership – McGraw-Hill and Blackboard have teamed up to simplify your life. Now you and your students can access Connect and Create right from within your Blackboard course – all with one single sign-on. The gradebooks are seamless, so when a student completes an integrated Connect assignment, the grade for that assignment automatically (and instantly) feeds your Blackboard grade center. Learn more at www.domorenow.com.
  • MH Campus™ integrates all of your digital products from McGraw-Hill Education with your school LMS for quick and easy access to best-in-class content and learning tools. Build an effective digital course, enroll students with ease and discover how powerful digital teaching can be. With this program enabled, faculty and students will never need to create another account to access McGraw-Hill products and services. Learn more at www.mhcampus.com.
  • CREATE, our Custom Textbook Option Craft your teaching resources to match the way you teach! With McGraw-Hill Create, www.mcgrawhillcreate.com, you can easily rearrange chapters, combine material from other content sources, quickly upload content you have written like your course syllabus or teaching notes, then personalize your book's appearance by selecting the cover and adding your name, school, and course information. Find the content you need in Create by searching through thousands of leading McGraw-Hill textbooks. Arrange your book to fit your teaching style. Order a Create book and you'll receive a complimentary print review copy in 3 – 5 business days or a complimentary electronic review copy (eComp) via email in about one hour. Go to www.mcgrawhillcreate.com today and register. Experience how McGraw-Hill Create empowers you to teach your students your way.









Part One: Globalization

Chapter 1: Globalization

Part Two: Country Differences

Chapter 2: National Differences in Political Economy

Chapter 3: Political Econom

Table of Contents


Part One: Globalization

Chapter 1: Globalization

Part Two: Country Differences

Chapter 2: National Differences in Political Economy

Chapter 3: Political Economy and Economic Development

Chapter 4: National Differences in Culture

Chapter 5: Ethics in International Business

Part Three: Cross-Border Trade and Investment

Chapter 6: International Trade Theory

Appendix A: International Trade and the Balance of Payments

Chapter 7: The Political Economy of International Trade

Chapter 8: Foreign Direct Investment

Chapter 9: Regional Economic Integration

Part Four: Global Money System

Chapter 10: The Foreign Exchange Market

Chapter 11: The International Monetary System

Part Five: Competing in a Global Marketplace

Chapter 12: The Strategy of International Business

Chapter 13: Entering Foreign Markets

Chapter 14: Exporting, Importing, and Countertrade

Chapter 15: Global Production, Outsourcing, and Logistics

Chapter 16: Global Marketing and R & D

Chapter 17: Global Human Resource Management



About the Authors

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.