International business is other wise
known as "Globalization. Regionalisation and globalization
interlinks the economy of the various countries whole over the
world. The international business leads a global transaction which
mentions,
- Good's trade
- Technology
- Services
- Capital
- Knowledge
The trade means mainly the
transactions so,by the international business lead to the to the
transactions of goods and services across the different
countries.To led a greater globalization,there are mainly two
factors,
- making of a "free trade" policy, which means that avoiding or
eliminating the obstructions or barriers to make the trade between
the countries easier
- technological invention or change such as, developments in
communication,information processing that is, networking etc and
also the transportation technologies.
The international business is
studied through the "MNE" which stands for multinational enterprise
and the company have the worldwide approach towards,
- market
- production
- operations across the world.
The importance of international
business involves,
- Nowadays,most of the companies re international companies or
compete with the other international companies.
- The way of approaching the business is different for different
countries
- The technology is developing in every sectors especially in
communications and transportation
- By knowing the importance of international trade the government
removes the barriers between the countries
- When globalization increases, competition also increases
- Cooperation between countries also increases on the
transnational issues.