Much of this is in Appendix 1: Portfolio theory. We try to ‘make sense of’ financial activity from the economist’s perspective. Thus, we go to some lengths to show how financial activity has its origins in the real economy and in the need to lend and to borrow to enable real investment to take place. Similarly, when we talk about the shortcomings of financial markets and institutions, we…
This book provides students with a balanced perspective on business in a global environment, exploring implications for multinational companies in developed and emerging markets. This is the first text of its kind to emphasize strategic decision making as the cornerstone of its approach while focusing on emerging markets. Traditional topics, like foreign exchange markets and global competiti…