The key element of globalization is interdependence and interconnectedness among
companies and countries around the globe. Globalism is characterized by
... [Show More] an
increasing number of worldwide connections, rapid and discontinuous change, an
increasing number of diverse participants, and growing complexity.
What is globalization?
economic: developed economies integrating with developing countries through
foreign direct investment, lowering the costs of doing business, reducing trade
barriers, and, in many cases, increasing cross-border migration.
political: globalization may ultimately reduce the importance of nation-states.
cultural: The spread of culture has added to processes such as commodity exchange
and colonization, which have a more extended history of carrying cultural meaning
around the globe. The circulation of cultures enables individuals to partake in
extended social relations that cross national and regional borders.
What are the economic, political, and cultural effects of globalization?
any nonprofit, voluntary citizens' groups that are organized on a local, national, or
international level
What is nongovernmental organization and how does it impact government public
policy across national boundaries?
International business encompasses a full range of cross-border exchanges of
goods, services, or resources across two or more nations. These exchanges can go
beyond the exchange of money for physical goods to include international transfers
of other resources such as people; intellectual property such as patents, copyrights,
brand trademarks, and data; and contractual assets or liabilities. Such assets or
liabilities include the right to use some foreign asset, provide some future service to
overseas customers, or execute a complex financial instrument. The entities involved
in international business range from large multinational firms with thousands of
employees doing business in many countries to a small one-person company acting
as an importer or exporter. This broader definition of international business also
encompasses for-profit, border-crossing transactions as well as transactions
motivated by nonfinancial gains.
What are the features of international business?
- Exporting
- franchising
- joint ventures
- home-owned affiliates
- fully global ventures
What are the different forms of international business? Explain each form.
1. market entry
2. product specialization [Show Less]