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See discussions, stats, and author profiles for this publication at:Overview of International BusinessConference Paper· January 2017DOI: 10.2991/isbcd-17.2017.51CITATIONS0READS643 authors, including:Some of the authors of this publication are also working on these related projects:Hesitant Fuzzy Set TheoryView projectRisk ManagementView projectSun MengCapital Normal University18PUBLICATIONS111CITATIONSSEE PROFILEWei ZhouYunnan University of Finance and Economics128PUBLICATIONS1,359CITATIONSSEE PROFILEAll content following this page was uploaded bySun Mengon 29 September 2020.The user has requested enhancement of the downloaded file.
Overview of International BusinessFan ChenInternational Business SchoolYunnan University of Finance and EconomicsKunming, China[email protected]Sun Meng*International Business SchoolUniversity of Finance and EconomicsKunming, China[email protected] (Corresponding author)Wei ZhouSchool of FinanceUniversity of Finance and EconomicsKunming, China[email protected]AbstractWith the rapid development of economscienceand technology, international business comprises a large andgrowing portion of the world’s total business. The purpose ofthis paper is mainly to state why we develop internationalbusiness and how to do international business.Keywords—internationalbusiness;fourmainrisks;palyhome advantagesI.INTRODUCTIONTosomeextent,business,especiallyinternationalbusiness has much to do with the development, prosperityand fall of a country. The judgment of international businessis whether it has kept up with the time and kept connectedwith the changing outside world, since an old saying goes:Know the enemy and know yourself, and you can fight ahundred battles with no danger of defeat [1].Whileinternationalbusinesshasbeenaroundforcenturies, it has gained much speed and complexity over thepast two decades, and nowadays, it played an indispensablerole in the economic growth[2]. Firms seek internationalmarket opportunities more today than ever before, toughingthe lives of billions of people around the world. Since Chinajoined the WTO, the economic development entered a newstage and the foreign trade scaled new heights.II. THEDEFINITION ANDDESCRIPTION OFINTERNATIONALBUSINESSInternationalbusinessreferstoanycommercialtransaction that across the borders of two or more nations.You don’t have to set foot outside a small town to findevidence of international business. No matter where you live,you will be surrounded by imports ---goods and servicesbrought into a country that are acquired from organizationslocated abroad [3]. Your counterparts around the world willundoubtedly spend some part of their day using your nations exports---goods and services produced or based in onecountry that are sold abroad [4].

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