International financial management
Explain the importance in studying the international financial management?
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We are living in the world where all the important economic functions, i.e., production, consumption, and investment, are extremely globalized. Therefore, it is necessary for the financial managers to completely understand the essential international proportions of the financial management. This wide shift is in contrast to the condition which existed when authors of this book were studying the finance around twenty years ago. During that time, professors had usually ignored the international aspects of the finance. This operation mode has become untenable since then.
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