Financial management involves taking a historic view of your group's finances. By looking at your past records of income and expenditure, you can form an accurate idea of what you are likely to receive and spend in the future - otherwise known as budgeting and forecasting. With the rise of international trade in the second half of the 19th century, the establishment of international monetary systems became practically necessary. The industrial revolution, starting in Britain and soon spreading to Germany, France, America and other western countries, took place and got an accelerating momentum earlier in the same century at a time that witnessed so many famous inventors and engineers whose names are still influential in our everyday life now. The uniqueness of this book hence lies in the author's way of reconstructing the chapter under review by delving deep into the areas of the subject. Contents: Introduction; International Monetary Systems; International Investment: Statements and Analysis; Organization of International Business; Nature of Working Capital Management; The Internationalization of Business and Finance; International Economics Management; The Importance of Services in International Trade.

By Dr. S.P. Singh