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Stressing the interrelatedness and complexity of the global economy, Multinational Financial Management helps students understand the international financial environment and its various implications. Over the course of 15 chapters, students become familiar with foundational concepts in international finance. The third edition features seven new chapters, a revised introduction, and a new organizational structure. The text is now divided into three parts: The World of Multinational Corporations; International Financial Markets; and Multinationals and Financial Decisions. It explores new topics...

To date, the record of economic transition has been decidedly mixed. The worldwide political climate is still in favour of economic reform and the process continues to have considerable momentum. On the other hand, this process now faces a number of formidable obstacles. There appears to be general agreement that in many countries the promise of a better standard of living which economic transition offers to the mass of the citizenry has failed to produce the rapid and dramatic results hoped for. There is an increasing conflict of interest between multinational firms and the national business...