I.-OVERVIEW-OF-INTERNATIONAL-BUSINESS-AND-GLOBALIZATION.pdf...

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OVERVIEW OFINTERNATIONAL BUSINESSAND GLOBALIZATION
INTRODUCTIONInternational Businessconsists of all commercial transactions between two or morecountries.the goal ofprivate businessis to make profits.government businessmay or may not be motivated by profit.Globalizationrefers to the widening set of interdependent relationshipsamongpeople from different parts of a world that happens to be divided intonations.elimination of barriersto international movements of goods, services,capital, technology and people that influence integration of worldeconomies.
INTRODUCTIONStudying international business is important because:
Factors in International Business Operations
THE FORCES DRIVING GLOBALIZATIONGlobalizationhas been growingis less pervasive than generally thoughthas economic and noneconomic dimensionsis stimulated by several factors
Factors in Increased Globalization1.Increase in and Application of Technologyoincludes new products, such as hand-held mobile technology devices andnew application of old productsoReasons for technical developmentsoPopulation growthoRising productivityoAdvances in Communication and Transportationoallows people to discover and desire products and services developed infar parts of the world
Factors in Increased Globalization2.Liberalizationof Cross-Border Trade and Resource MovementsoMost governments have reduced restrictions on the movements of goods,services and resources across thecountry’sborders because of these threereasons.oTheir citizens want a greater variety of goods and services at lower prices.oCompetition spurs domestic producers to become more efficient.oThey hope to induce other countries to lower their barriers in turn3.Servicesthe Support International BusinessoCompanies and governments have developed a variety of services thatfacilitate global commerce.
Factors in Increased Globalization4.Growthin Consumer PressuresMore consumers know more today about products and services available inother countries, can afford to buy them, and want the greater variety in quality,price, and characteristics that access to them offers.

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Term
Fall
Professor
Malbert Del Rosario
Tags
Globalization, Corporation, Social factors, international business operations

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