In: Economics
List 2 international business topic (could be academic or practitioner-oriented).
The two topics are: Issues in international business and outsourcing
Issues In international business- To the degree that each nation wishes to export its surplus natural resources, agricultural products and manufactured goods, only certain goods and products which are not produced or manufactured within the nation can and can be imported. Regulatory steps for this purpose, such as tariff barriers (customs duties), non-tariff barriers, quota limits, foreign exchange limits, technical and regulatory rules, consultation formalities, state trading and preferential deals, international negotiations, joint commissions, etc. Come in the direction of free trade and unfettered international market traffic.
Established counters are fitted with advanced technology that are capable of turning raw materials on a wide scale into finished products. In the other hand, developed nations lack technical expertise and the new services. This adds to the lop-sided rise of international business
Outsourcing-Outsourcing is the corporate method of recruiting a party outside a company to deliver resources and produce items that have historically been carried out in-house by the company's own staff and workers. Outsourcing is a process typically conducted as a cost-cutting measure for corporations. As such, a wide variety of workers, ranging from customer service to development to the back office, will be impacted.