Charles W. L. Hill - International Business: Competing in the Global Marketplace

8E

International Business

COMPETING IN THE GLOBAL MARKETPLACE

8E

COMPETING IN THE GLOBAL MARKETPLACE

Charles W. L. Hill
UNIVERSITY OF WASHINGTON

INTERNATIONAL BUSINESS: COMPETING IN THE GLOBAL MARKETPLACE

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ISBN 978-0-07-813719-8
MHID 0-07-813719-5

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Library of Congress Cataloging-in-Publication Data

Hill, Charles W. L.

International business: competing in the global marketplace/Charles W. L. Hill.8th ed.

p. cm.

Includes index.

ISBN-13: 978-0-07-813719-8 (alk. paper)

ISBN-10: 0-07-813719-5 (alk. paper)

1. International business enterprisesManagement. 2. Competition, International. I. Title.

HD62.4.H55 2011

658.049dc22

2009033378

www.mhhe.com

For June &
Mike Hill, my parents

Charles W. L. Hill University of Washington

Charles W. L. Hill is the Hughes M. Blake Professor of International Business at the School of Business, University of Washington. Professor Hill received his Ph.D. from the University of Manchesters Institute of Science and Technology (UMIST) in Britain. In addition to the University of Washington, he has served on the faculties of UMIST, Texas A&M University, and Michigan State University.

Professor Hill has published over 50 articles in peer-reviewed academic journals, including the Academy of Management Journal, Academy of Management Review,

Strategic Management Journal, and Organization Science. He has also published two college texts: one on strategic management and the other on international business. Professor Hill has served on the editorial boards of several academic journals, including the Strategic Management Journal and Organization Science. Between 1993 and 1996 he was consulting editor at the Academy of Management Review.

Professor Hill teaches in the MBA, Executive MBA, Management, and Ph.D. programs at the University of Washington. He has received awards for teaching excellence in the MBA, Executive MBA, and Management programs. He has also taught customized executive programs.

Professor Hill works on a consulting basis with a number of organizations. His clients have included ATL, Boeing, BF Goodrich, Hexcel, House of Fraser, Microsoft, Seattle City Light, Tacoma City Light, Thompson Financial Services, and Wizards of the Coast.

GNI per Capita, 2007

GNI Purchasing Power Parity per Capita, 2007

Growth Rate in GDP per Capita, 19982007

The Human Development Index, 2006

Political Freedom, 2006

Distribution of Economic Freedom in 2007

World Religions

Member States of the European Union in 2009

Economic Integration in the Americas

ASEAN countries

APEC Members

It is now two decades since I began work on the first edition of International Business: Competing in the Global Marketplace. By the third edition the book was the most widely used international business text in the world. Since then its market share has only increased. I attribute the success of the book to a number of goals I set out for myself when I embarked on the first edition of the book. Specifically, I wanted to write a book that (1) was comprehensive and up-to-date, (2) went beyond an uncritical presentation and shallow explanation of the body of knowledge, (3) maintained a tight, integrated flow between chapters, (4) focused on managerial implications, and (5) made important theories accessible and interesting to students.

Over the years, and through eight editions, I have worked hard to adhere to these goals. It has not always been easy. An enormous amount has happened over the last two decades, both in the real world of economics, politics and business, and in the academic world of theory and empirical research. Often I have had to significantly rewrite chapters, scrap old examples, bring in new ones, incorporate new theory and evidence into the book, and phase out older theories that are increasingly less relevant to the modern and dynamic world of international business. That process continues in the current edition. As noted below, there have been significant changes in this edition, and that will no doubt continue to be the case in the future. In deciding what changes to make, I have been guided not only by my own reading, teaching and research, but also by the invaluable feedback I receive from professors and students around the world who use the book, from reviewers, and from the editorial staff at McGraw Hill. My thanks go out to all of them.