International Business, 18th edition

Published by Pearson (June 16, 2026) © 2027
  • John D. Daniels
  • Lee H. Radebaugh
  • Daniel P. Sullivan
  • Reid W. Click

Title overview

For international business courses.

A global best-seller in global business

International Business: Environments and Operations has for decades shaped the intellectual foundations of international business education. Developed by experts who are also educators, this trusted title has helped countless students grasp how countries, firms and managers conduct business across borders. It remains the top choice among educators for promoting professional success in today’s global business landscape.

The 18th Edition reimagines how international business is taught and learned in an era defined by digital interdependence and geopolitical transformation. More than a revision, it represents a system-level redesign, with core content restructured to reflect the managerial point of view and evolving definitions of global strategy.

Hallmark features of this title

Student-oriented learning tools

  • Opening and closing cases align with chapter topics, concepts and examples. They span a wide range of business scenarios and company types.
  • Point-Counterpoint features challenge students to analyze competing perspectives and apply chapter principles to form sound judgments.
  • Concept Check questions reinforce the relationships between overlapping principles across chapters.

Real-world applications

  • Looking to the Future features connect key issues to emerging trends in international business, showing how today’s decisions impact tomorrow’s business landscape.
  • Career Connection Boxes link chapter content to real-world job roles or career paths in international business.

New and updated features of this title

A system-level redesign

  • REVISED: Core content has been restructured so that tables, frameworks and analyses prioritize the managerial point of view.
  • REVISED: Dozens of new cases, “Point–Counterpoints” and “Looking to the Future” exercises were added. These exercises were reframed to be active experiences, positioning students as executive agents challenged to make professional judgments.

A focus on digital transformations

  • REVISED: Chapters now include AI applications that bridge research, managerial insight and conceptual visualization.
  • REVISED: Digital globalization was integrated into every chapter, in recognition of the structural shifts that come with digital interdependence.

Enhanced pedagogy

  • NEW: New end-of-chapter exercises support self-assessment, practical application and cross-chapter connections, while creating opportunities for group collaboration.
  • NEW: New Concept Check questions now appear at the end of modules. They reinforce cross-chapter relationships and help students self-assess their understanding.

Key features

Features of MyLab Management for the 18th Edition

  • NEW: Interactive Reading Assignments guide students through key chapter content using embedded questions and feedback loops. These assignments promote active reading and comprehension while reinforcing core concepts.
  • UPDATED: Case Assignments challenge students to apply theoretical frameworks and strategic solutions to real-world international business scenarios. New title-specific cases are now assignable in MyLab, letting you seamlessly integrate core content into your course assessments.
  • Video Assignments pair curated videos with reflection prompts to help students engage more deeply with international business issues. From the Video Library, you can select videos and related assessments for your pre-built assignments.
  • Dynamic Study Modules pose a handful of questions and then respond to each student’s progress in real time. Learners deepen their grasp of concepts as they go.
  • AI-Powered Assignments are innovative AI-driven exercises that build in-demand professional skills such as critical thinking and digital fluency.
  • Mini Sims put students in professional roles and ask them to respond to real business challenges.

Features of Pearson+ eTextbook for the 18th Edition

  • NEW: Two new interactive concept maps cover the economic and noneconomic rationales for government intervention in trade.
  • NEW: A range of new interactive maps let students engage with data on topics such as state and country GDPs, international exchange rates and global bond market capitalizations.
  • NEW: The demand and supply diagram (Figure 10.1) is now an eTextbook interactive, detailing the determination of an exchange rate and how it moves.
  • NEW: A new Hotspot Interactive enhances country comparisons by making each location a hotspot.
  • REVISED: The map on Global Stock Exchanges, now an eTextbook interactive, was restructured to reflect the 20 largest stock exchanges.
  • EXPANDED: An interactive map of countries at risk from natural disasters now covers all countries.

Table of contents

PART 1: FOUNDATIONS OF INTERNATIONAL BUSINESS

  1. Globalization and International Business

PART 2: COMPARATIVE ENVIRONMENTAL FRAMEWORKS

  1. The Cultural Environments Facing Business
  2. The Political and Legal Environments Facing Business
  3. The Economic Environments Facing Businesses
  4. Globalization and Society

PART 3: THEORIES AND INSTITUTIONS: TRADE AND INVESTMENT

  1. International Trade and Factor Mobility Theory
  2. Governmental Influence on Trade
  3. Cross-National Cooperation and Agreements

PART 4: WORLD FINANCIAL ENVIRONMENT

  1. Global Foreign-Exchange Markets
  2. The Determination of Exchange Rates
  3. Global Capital Markets

PART 5: GLOBAL STRATEGY AND OPERATIONS

  1. International Business Strategy
  2. Country Evaluation and Selection
  3. Export and Import
  4. Direct Investment and Collaborative Strategies
  5. Global Organization Structure

PART 6: MANAGING INTERNATIONAL OPERATIONS

  1. Global Marketing
  2. Global Operations and Supply-Chain Management
  3. International Accounting and Finance Issues
  4. International Human Resource Management

Author bios

About our authors

John D. Daniels (1936–2024) was the Samuel N. Friedland Chair of Executive Management Emeritus at the University of Miami. He earned his BBA, MBA and PhD from the University of Miami, University of the Americas and the University of Michigan, respectively. He also held an honorary doctorate from UPAO in Peru and served as Chancellor (Honorary) of the University College of the Caribbean in Jamaica. His dissertation won first place in the Academy of International Business’s doctoral competition, and he later received the Journal of International Business Studies Decade Award and a Silver Medal Award for his scholarly contributions.

Professor Daniels was widely published, with articles appearing in top journals such as the Academy of Management Journal, California Management Review, Journal of Business Research, Strategic Management Journal, Journal of International Business Studies and Management International Review, among many others. He authored or edited 15 books, including Multinational Enterprises and the Changing World Economy and multiple volumes on multinational enterprise theory and globalization. On the 30th anniversary of Management International Review, he was recognized as “one of the most prolific American IB scholars.” He served as president of the Academy of International Business and dean of its Fellows and chaired the international division of the Academy of Management, which named him Outstanding Educator of the Year in 2010.

His global experience was extensive. He lived and worked in seven countries for a year or more and undertook shorter assignments in more than 30 others across six continents. His international work spanned the private sector, government, academia and research. Over his career, he held faculty appointments at Georgia State University, The Pennsylvania State University and Indiana University (as Director of the Center for International Business Education and Research) and served as the E. Claiborne Robins Distinguished Chair at the University of Richmond. Professor Daniels passed away in 2024. He is survived by his wife, Letty, to whom he was married for over 60 years, and their two sons.

Lee H. Radebaugh is former Professor Emeritus at Brigham Young University (BYU), previously holding the title of Kay and Yvonne Whitmore Professor and Director of the Whitmore Global Management Center. He previously served as Associate Dean of the Marriott School of Management, Associate Director of the MBA program and Director of the School of Accountancy. As Director of BYU’s CIBER, he oversaw international business programs, built partnerships with foreign universities and led faculty and student groups to Asia, the Middle East and South America.

Professor Radebaugh earned his DBA and MBA from Indiana University and a BS in accounting from BYU. He taught at The Pennsylvania State University (1972–1980) and served as a visiting professor at ESAN in Lima, Peru, and at the University of Glasgow in Scotland. He is coauthor of several influential books, including International Business: Environments and Operations and International Accounting and Multinational Enterprises, both of which have been translated into multiple languages, including Mandarin Chinese.

His research focuses on international accounting and business, particularly the effects of exchange rate movements on operations and reporting, the global implementation of IFRS and the influence of culture and institutions on accounting practices. He was named International Person of the Year for the State of Utah in 1998 and has received numerous awards for service and scholarship, including the Silver Medal for Scholarship from the Academy of International Business in 2019 and the Outstanding International Educator award from the AAA’s International Section. He was elected a Fellow of the Academy of International Business in 1990. Professor Radebaugh and his late wife, Tanya, have six children and 14 grandchildren.

Daniel P. Sullivan is Professor of Global Business at the Alfred Lerner College of Business of the University of Delaware and received his doctorate from the University of South Carolina. He researches a range of topics, including globalization and business, international management, global strategy, competitive analysis and corporate governance. His work on these topics has been published in leading scholarly journals, including the Journal of International Business Studies, Management International Review, Law and Society Review, Academy of Management Journal, Academy of Management Perspectives and the Online Learning Journal.

He has served on the editorial boards of the Journal of International Business Studies and Management International Review. Professor Sullivan has been honored for both his research and teaching, receiving grants and winning awards for both activities while at the University of Delaware and his former affiliation, the Freeman School of Tulane University. He is a recipient of the Academy of International Business JIBS Silver Medal in recognition of intellectual contributions published in the Journal of International Business Studies (JIBS), the premier journal in the international business domain. The Silver Medal was awarded to 48 IB scholars who have published at least five significant papers in JIBS since its inception. He has been awarded numerous teaching honors. Most notably, he has been voted Outstanding Teacher by the students of 20 different executive, MBA and undergraduate classes over the course of his career.

Professor Sullivan has taught, designed and administered a range of in-class and online graduate, undergraduate and non-degree courses on topics spanning globalization and business, international business operations, international management, strategic perspectives, executive leadership and corporate strategy. In the United States, he has delivered lectures and courses at several universities and companies. In addition, he has led courses in several foreign countries, including China, Hong Kong, Bulgaria, the Czech Republic, France, South Korea, Switzerland, Taiwan and the United Kingdom. Finally, he has worked with many managers and consulted with several multinational enterprises on issues of international business.

Reid W. Click is Associate Professor of International Business and International Affairs at George Washington University in Washington, DC. He received his MBA and PhD degrees from the University of Chicago Booth School of Business, where he studied economics and international business, and his undergraduate BA in economics from Kenyon College in Ohio. His research and teaching interests are in the fields of global financial markets, international financial management, macroeconomics in the global economy and finance for development. An expert on international financial risk and risk management, his academic work has been published in leading journals, including the Journal of International Business Studies and the Journal of Money, Credit and Banking.

At George Washington University, he has served in leadership positions to develop international business programs and is currently in his fourth term as chairperson of its renowned Department of International Business. Previously, he was the founding Director of the joint International Finance Corporation—Milken Institute Capital Markets Program, and prior to that he served as the Faculty Director of the Center for International Business Education and Research (GW-CIBER), part of the national CIBER network funded by a grant from the U.S. Department of Education. Heavily committed to experiential education and study abroad, he has taught in Argentina for George Washington University and has run nine student and faculty programs investigating business institutions, finance and economic development in Rwanda.

Professor Click has been awarded Fulbright Scholar awards in Italy and the Philippines, and a Fulbright Specialist award in Poland. He has served on the editorial boards of the Global Strategy Journal and the Journal of Asian Economics in the field of international finance. In addition to his academic work, he has been a consultant to several international organizations, notably the U.S. Agency for International Development (USAID) Office of Development Credit and the U.S. International Development Finance Corporation, on matters pertaining to international banking, financial risk and risk management.

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