(International Executive MBA participants from Mexico or Hong Kong join us for this module.) This module introduces the four courses of term three. The Global Environment of Business begins with an overview of the macroeconomic forces. We will examine specific country experiences to illustrate the challenges and opportunities created by these forces; for example, the inflation and foreign exchange crises of Argentina and Russia, the rapid growth of China, the fiscal challenges of India, and the adoption of the single currency in the EU. International Strategic Financial Planning focuses on risk management, the derivative securities market, foreign exchange hedging, and convertible bonds. Global Strategy analyzes the globalization process, export licensing, joint ventures, mergers and acquisitions, and wholly-owned subsidiaries. Global Marketing Planning discusses global strategic marketing planning and the assessment of market opportunities. These courses will lay the foundation for the remaining module themes.