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Topic-1 (Chapter 1).ppt - International Business Management...

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International Business ManagementMGT 521Dr. Jacob CherianM.Com., M.S.W., M.B.A., M.Phil., Ph.D
Topic 1(Chapter 1)Overview of International BusinessandGlobalization
GlobalizationGlobalization is a wider term and considers world as oneeconomy. Globalization aims at expanding business fromlocal level to global level.It is a process of integrating a country’s economy with theworld economy, with a view to exploit global opportunities forlocal growth.The term sometimes refers to the elimination of barriers tointernationalmovementofgoods,services,capital,technology, and people that influence the integration ofworld economies
China: The World's Largest Economy
RANKCOUNTRYEXPORTS (in Billions US$)1China2274.952United States1504.913Germany1329.474Japan624.945Netherlands567.226South Korea526.767Hong Kong510.608France505.909United Kingdom460.4510Italy459.07WORLDTOP 10: COUNTRIES WITH HIGHEST EXPORTS (2015)
What Is International Business?andand
Features1.Large scale operations2.Dominance of Multinational Corporations3.

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