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Describe importance of international financial management

Describe importance of study international financial management?
Now we are living in a world where all the major economic functions, that means consumption, production, and investment, are highly globalized.  Thus it is essential for financial managers to completely understand vital international dimensions of financial management.  This global shift is in marked contrast to circumstances that existed when the authors of this book were learning finance some twenty years ago.  At that time, most of the professors customarily (and safely, to some extent) avoid international aspects of finance.  This mode of operation has become untenable since then.

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