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The purpose of this paper is to examine various methods of payment and foreign‐exchange risk management among firms involved in either export or import trade only, or both in Brunei Darussalam. The paper also seeks to delineate the relationship(s) between various characteristics of firms such as number of years in business, size, and frequency of imports, and various methods of payment and foreign‐exchange risk management by the firms.

Judgment and snowball sampling methods are employed to collect data from the companies. The results are analyzed from a total sample of 42 responding firms. Descriptive statistics is used to present and analyze the data.

The paper highlights the various important methods currently used for both payment, and foreign‐exchange risk management in foreign trade by firms. It also mentions the methods that are used to lesser extent by importers and exporters in the country. Furthermore, various relationship(s) between either number of years in business, or size, or frequency of imports with various methods of payment, and foreign‐exchange risk management among firms are also highlighted in the paper.

The results are basically from the various trading companies involved in foreign trade in Brunei Darussalam.

This paper contributes to the existing literature of international business and finance. It fills the gap in the existing literature about current practices prevalent in the country. Furthermore, recommendations are made to enhance the methods of payment and foreign‐exchange risk management practices among firms. The findings may also be useful for financial institutions interested in providing hedging products and services to the firms.

Off‐shore market entry approaches of firms using trade missions and those who do not are investigated and found to differ. Comparative results of a sample of Canadian industrial manufacturing firms point to different marketing management styles in terms of greater planning orientation, a more systematic approach, and greater sensitivity toward market and knowledge problems among trade mission users. Trade missions are widely available in many exporting countries and, as exporters face similar challenges when entering new foreign markets, it is concluded that such missions are a potentially useful export marketing tool, however, their use seems contingent upon management style. Implications for export marketing management and public policy are discussed.

This study aims to determine the order of importance of blockchain technology gains for foreign trade management. The second aim of the research is to select the most suitable blockchain type for the foreign trade process.

The data required for the research analysis were collected through comparison matrices scored by foreign trade experts. The data were analyzed with the analytical hierarchy process method, and the gains of blockchain technology for the foreign trade process were prioritized. Finally, the most suitable type of blockchain technology was selected with the PROMETHEE method.

As a result of the study, subject matter experts perceived that the most critical blockchain gain for the foreign trade process would be cost savings. In addition, it has been observed that the general trade process differs compared to the logistics and payment processes. Finally, open blockchain was the most suitable blockchain type for foreign trade processes.

In this study, the positive gains of blockchain technology are considered. In future studies, it is recommended to consider the existing negative factors to be able to use blockchain technology in foreign trade processes. In addition, it is suggested to conduct a study by dividing foreign trade into two, import and export.

All stakeholders who want to integrate blockchain technology into their foreign trade processes, including foreign trade companies, software developers, policymakers and international institutions, can benefit from the results of this study. A blockchain technology software created for foreign trade management can be shaped according to the results of this study.

Although the gains that blockchain technology provides to foreign trade processes are frequently emphasized in the literature, which gain would be greater has not been examined. The lack of an answer to the issue of how blockchain technology should be designed for foreign trade processes has been the missing part of the relevant literature. To the best of the authors’ knowledge, this study is the first experimental study in the literature that prioritizes blockchain gains and selects the appropriate blockchain type for foreign trade processes.

From the perspective of supply-side structural reform, the purpose of this paper is to analyze and discuss the necessity and feasibility of China’s foreign trade transformation and development and explores the realization path accordingly.

This paper mainly uses the speculative method of qualitative research to find out the scientific countermeasures of foreign trade transformation from the supply-side reform level on the basis of in-depth interpretation of the supply-side structural reform and foreign trade transformation and development.

The study found that the main problem facing China’s foreign trade development is structural problems. Therefore, through structural reforms such as technological innovation and institutional innovation, it can effectively promote the transformation and development of foreign trade.

This paper is the original result of the author. Except for the content already quoted in the text, this paper does not contain any other individuals or groups that have published or written the work.

World Trade Organisation grants rights to its members, and WTO Dispute Settlement Understanding (DSU) provides a rule-oriented consultative and judicial mechanism to protect these rights in cases of WTO-incompatible trade infringements. However, the DSU participation benefits come at a cost. These costs are acutely formidable for least developing countries (LDCs) which have small market size and trading stakes. No LDC has ever filed a WTO compliant, with the only exception of India-Battery dispute filed by Bangladesh against India. This paper aims to look at the experience of how Bangladesh – so far the only LDC member that has filed a formal WTO complaint – persuaded India to withdraw anti-dumping duties India had imposed on the import of acid battery from Bangladesh.

The investigation is grounded on practically informed findings gathered through authors’ work experience and several semi-structured interviews and discussions which the authors have conducted with government representatives from Bangladesh, government and industry representatives from other developing countries, trade lawyers and officials based in Geneva and Brussels, and civil society organisations.

The discussion provides a sound indication of the participation impediments that LDCs can face at WTO DSU and the ways in which such challenges can be overcome with the help of resources available at the domestic level. It also exemplifies how domestic laws and practices can respond to international legal instruments and impact the performance of an LDC at an international adjudicatory forum.

Except one book chapter and a working paper, there is no literature available on this matter. This investigation is grounded on practically informed findings gathered with the help of original empirical research conducted by the authors.

Describes the environment for management education in the former USSR, a topic hitherto receiving limited treatment in Western management literature. Having placed Soviet management education in the general context of glasnost and perestroika, attention focuses on key developments since the creation of the USSR′s first business school in July 1988 to launch the re‐education of up to 14 million technocrats and officials. A short discussion of the curriculum and orientation of one Moscow‐based management centre follows. Highlights certain stumbling‐blocks in the further development of management education, which involves ever greater participation by Western partners: the problem of communicating management concepts into Russian/post‐Soviet terms of reference and Western management educators′ limited appreciation of the psychology of Russians.

China and India are pursuing cooperative arrangements while simultaneously maintaining their own independence, especially with respect to foreign policy. Today, decisions about cooperation are made on a case‐by‐case basis, opting for cooperation when necessary and competition where this strategy is justified. Maintaining a balance in a contradiction‐ridden relationship is important from the points of view of the national interests of both India and China. The purpose of this paper is to describe development in the notion of CHINDIA and provide some pointers for maintaining the balance between the two countries.

Learning from history and current happenings, the paper looks to the future of CHINDIA. A SWOT analysis is undertaken of the basic trade figures of the two economies in the context of the global environment and various bilateral moves. Trade details are assessed and analysed. A content analysis method is used to identify prevailing sentiments relayed to CHINDIA and its future.

This review identified strengths, weaknesses, opportunities, threats and sentiments relayed to CHINDIA. Together, these form basic points for considering any future actions related to the two economies.

The study will be useful for academics and business professionals working in the area of international business/relations and those engaged in tracking development in CHINDIA for strategic ends. Policy makers can streamline their efforts, taking into account the pointer that emerged for this study.

Logistics sector is recognized as one of the core enablers of the economic development of a nation. However, inefficiency in logistics operations impedes the achievement of intended targets by increasing the cost of doing business. Also, it is difficult to improve the efficiency of a country’s logistics operations without a metric for evaluating and understanding logistics capabilities and efficiency. Therefore, the present study has developed In-country Logistics Performance Index (ILP Index) to propose a benchmarking tool to measure the in-country logistics competitiveness, particularly in the setting of emerging economies, i.e. India.

This study has developed a unified index using principal component analysis and quintile approach. In addition, the proposed index relies on several dimensions that are developed and illustrated using quantitative secondary panel data.

The findings of this study reveal that the quality of infrastructure, economy, and telecommunications are the three most important dimensions that may significantly support the growth of the transportation and logistics sector. The results reveal that Gujarat, Tamil Nadu, and Maharashtra are the top performers whereas, Bihar, Jharkhand, and Jammu and Kashmir scores the least due to the insufficient logistics infrastructure as compared to other Indian states.

Given the extensive focus on international-level logistics index (like World Bank’s LPI) in the existing literature, this study intends to develop in-country logistics index to evaluate the logistics capabilities at the regional and state level. In addition, unlike prior studies, this study utilizes quantitative secondary data to eliminate cognitive and opinion bias. Moreover, this benchmarking tool would assist decision-makers in idealizing standard practices toward sustainable logistics operations. Additionally, the ILP index could serve the international investors in crucial decision-making, as it provides valuable insights into a country’s logistics readiness, influencing their investment choices and trade preferences. Finally, the proposed approach is adaptable to measuring the overall performance of any other industry/economy.

The purpose of this article is to present a biographical sketch of Lee C. Nehrt, who, in 1962, became the first person to obtain a PhD in International Business.

This study is mainly based on an in‐depth interview of Lee Nehrt followed up by several telephone and e‐mail interviews as well as e‐mail interviews of a number of Nehrt's former colleagues and students. In addition, Nehrt's published works were extensively reviewed and utilized.

The findings are reported in the form of a biography. In particular, the paper documents Nehrt's contribution to the emergence of international business as an important field of study, his role in internationalizing business curricula within the USA and in popularizing the American model of business education across the world. The paper also reflects on Nehrt's contribution to the Academy of International Business and his efforts in forging closer ties between international business academics and practitioners.

The dearth of biographical research in the international business discipline points to a need that has yet to be fulfilled. This is the first published article on Nehrt's life and career as a pioneering international business scholar.

The purpose of the work is to develop a mechanism of managing the “conflict-free” socio-economic system.

A complex of general scientific methods within the systemic approach (induction, deduction, analysis, and synthesis) and the method of formalization are used.

A mechanism of state management of “conflict-free” socio-economic system is developed, which envisages implementation of three directions: managing internal conflicts, managing innovational development, and managing foreign economic activities. Though practical implementation of this mechanism is possible in any technological mode, the widest possibilities and perspectives for this are opened in the conditions of digital economy. Apart from the digital communications of state and economic subjects (society and business), digital economy allows for full or partial authomatization of managing “conflict-free” socio-economic system on the basis of intellectual technologies and technologies of decision support for state decisions in the sphere of regulation of socio-economic system. At that, it is necessary to pay more attention to the issues of provision of economy’s digital security.

The developed mechanism is to ensure “conflict-free” development of socio-economic system in the long-term. Though it is oriented at the macro-level system (national economy), it could be used for managing the microlevel system, which envisages implementation of the same directions of management with slight correction of tools.