Being in circulation for more than two decades, ESSENTIALS OF BUSINESS ENVIRONMENT has witnessed lows and highs of Indian businesses. The book was a bystander to the tightly controlled business environment and has been an eye-witness to the post-reforms period. During these periods, the book has captures all the changes and development clearly, comprehensively and objectively. No surprise, the book has gained acceptance across the country. The present edition contains cases and two new features: `Relook` and `Applying Mind`. All the chapter have been recast, and new tables and boxed items have been added. ESSENTIALS OF BUSINESS ENVIRONEMNT is now richer in contents, more comprehensive in coverage and more contemporaneous in timing. About The Author: K.Aswathappa is an M.Com, Ph.D. and currently is the Dean, Faculty of Commerce and Management, Bangalore University. Being a prolific writer, he has 15 books(including the present one)and several articles to his credit. His other areas of interest include human resource management, organisational behaviour and strategic management. He is the member of boards of studies of several universities and has been adjudicator of doctoral theses. Table of Contents Part-A Business and its Environment ? An Introduction Meaning and Rationale for Globalisation Strategies for Going Global Foreign Direct Investment India, WTO and the Trading Blocks Part-B Technological Environment Part-C Political Institutions The Constitutions of India Rationale and Extent of State Intervention End of Government in Business Part-D Economic Environment Industrial Policy