International Financial Management: An Analytical Framework

Preface

Recently, the business environment has undergone momentous changes and the world has altered significantly since the publication of our first edition in 2006. The recent economic recession of 2008, which had its origin in the US, brought the entire world economy in turmoil, having both direct and indirect impact on economic development. It has also compelled us to re-think capitalism and gratuitous privatization without regulation even in those countries which are traditionally committed to free trade.

In India, political developments, besides economy, have a direct bearing on the shaping of our economic policy and are gradually becoming a matter of concern. Events like the assassination of Benazir Bhutto and subsequent turmoil in Pakistan, ...