Cases and features bring concepts to life · Marginal notes are now used to summarize discussions, while marginal chapter review notes lead students back to earlier material that helps them fathom later discussions. · Recent global changes and developments are referenced in the text, including: o The spread of mosquito-borne epidemics (Zika, Ebola, dengue fever, and yellow fever); o Changes in national borders (e.g., Crimea now a part of Russia rather than the Ukraine); o The rise of ISIS and its extended terrorism; o The expanding scale and scope of technology; o Oil technology that has altered global supply locations and prices; o The evolving role of Bitcoins for international currency exchange and investment opportunities; o The emergence of disruptive technologies such 3D printers, robotics, and artificial intelligence; o The opening of US–Cuban diplomatic exchanges; o The advent of negative interest rate policies in many Western markets; o The termination of an embargo on Iran; o The near breakup of certain countries (e.g., the United Kingdom and Spain); o The use of corporate inversions to reduce taxes; o Ongoing ups and downs by prominent emerging markets; o Accelerating sophistication of communication systems; o Decreasing degrees of political and economic freedom throughout the world; o Greater agreement that the global climate is warming; o The game changing implications of social media; o An almost unprecedented refugee movement into Europe; and o Greater support in many countries for more national sovereignty, leading to the possible breakup of regional economic groups. · The text’s overall length has been reduced by more than 200 pages without sacrificing content, coverage, or quality; as a result, the text is now more engaging, interesting, and readable than ever. · All cases from the previous edition have been extensively updated and 7 new ones have been added: o Chapter 5: Korea's Success Story in the Post-WWII International Economy o Chapter 6: The Case of Rees: Trade Disputes And Protectionist Measures For Strategic Materials o Chapter 7: Regional Integration and the Different Modalities of a Custom Union Divorce o Chapter 10: Venezuela’s Rapidly Changing Currency o Chapter 13: The Lego Group Case o Chapter 14: The Borderfree Option: Going Global—Simplified o Chapter 16: Organizing Global Operations: The “Gore Way” MyLabTM Management not included. Students, if Pearson MyLab Management is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. Pearson MyLab Management should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. · Personal Inventory Assessment (PIA) is a collection of online exercises designed to promote self-reflection and engagement in students, enhancing their ability to connect with management concepts. Assessments are assignable by instructors who can then track students’ completions. Student results include a written explanation and graphic display that shows how their results compare to the class as a whole, and can be used to promote classroom discussion.