Part One. Foundations. 1. Globalizing business -- 2. Formal institutions: political, economic and legal systems -- 3. Informal institutions: culture, religion and languages -- 4. Firm resources: competitiveness and growth -- Part Two. Business across borders. 5. Trading internationally -- 6. Investing abroad directly -- 7. Exchange rates -- Part Three. Globalization. 8. European integration -- 9. Global integration and multilateral organizations -- 10. Socially responsible business -- Part Four. The firm on the global stage -- 11. Starting international business -- 12. Foreign entry strategies -- 13. Competitive dynamics -- 14. Global strategies and acquisitions -- Part Five. Operations in the global MNE. 15. Organizing and innovating in the MNE -- 16. People in the MNE -- 17. Customers and suppliers of the MNE -- Part Six. Integrative cases.