ch1 - PART ONE BACKGROUND FOR INTERNATIONAL BUSINESS...

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1 PART ONE BACKGROUND FOR INTERNATIONAL BUSINESS International Business Chapter One Globalization and International Business 2 Chapter Objectives To define globalization and international business and explain how they affect each other To explain why companies engage in international business and why the growth of international business has accelerated To comprehend the criticisms of globalization To introduce the different modes a company can use to accomplish its global objectives To illustrate the role the social science disciplines play in understanding the environment of international business 3 Globalization Defined Globalization: the ongoing social, economic, and political process that deepens and broadens the relationships and inter-dependencies amongst nations—their people, their firms, their organizations, and their governments International business facilitates the globalization process.
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2 4 International Business Defined International business: all commercial transactions between parties in two or
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This note was uploaded on 04/23/2008 for the course BUSA 3000 taught by Professor Beach during the Spring '08 term at Georgia State University, Atlanta.

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ch1 - PART ONE BACKGROUND FOR INTERNATIONAL BUSINESS...

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