Unit-1| Business Environment And International Business | Complete Unit | NTA UGC NET jrf Commerce

In this video we will discuss all the topic of unit -1
Concepts and elements of business environment: Economic environment- Economic systems, Economic policies(Monetary and fiscal policies); Political environment- Role of government in business; Legal environment- Consumer Protection Act, FEMA; Socio-cultural factors and their influence on business; Corporate Social Responsibility (CSR)  Scope and importance of international business; Globalization and its drivers; Modes of entry into international business  Theories of international trade; Government intervention in international trade; Tariff and non-tariff barriers; India’s foreign trade policy

 Foreign direct investment (FDI) and Foreign portfolio investment (FPI); Types of FDI, Costs and benefits of FDI to home and host countries; Trends in FDI; India’s FDI policy  Balance of payments (BOP): Importance and components of BOP  Regional Economic Integration: Levels of Regional Economic Integration; Trade creation and diversion effects; Regional Trade Agreements: European Union (EU), ASEAN, SAARC, NAFTA  International Economic institutions: IMF, World Bank, UNCTAD  World Trade Organisation (WTO): Functions and objectives of WTO; Agriculture Agreement; GATS; TRIPS; TRIMS

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