International Business 3.8.2017 Dr.P.Saradhamani, DoMS

Definition of Globalization The broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations 3.8.2017 Dr.P.Saradhamani, DoMS

Definition of International Business All commercial transactions—including sales, investments, and transportation—that take place between two or more countries 3.8.2017 Dr.P.Saradhamani, DoMS

Factors in Increased Globalization Increase in and expansion of technology Liberalization of cross-border trade and resource movements Development of services that support international business Growing consumer pressures Increased global competition Changing political situations Expanded cross-national cooperation 3.8.2017 Dr.P.Saradhamani, DoMS

The Criticisms of Globalization Threats to national sovereignty Growth and environmental stress Growing income inequality 3.8.2017 Dr.P.Saradhamani, DoMS

Reasons That Firms Engage in International Business Expanding sales Acquiring resources Minimizing risk 3.8.2017 Dr.P.Saradhamani, DoMS

Modes of Operation in International Business Merchandise exports and imports Service exports and imports Tourism and Transportation Service Performance Asset Use Investments 3.8.2017 Dr.P.Saradhamani, DoMS

Types of International Organizations Collaborative arrangements Strategic Alliance Multinational Enterprise (MNE) 3.8.2017 Dr.P.Saradhamani, DoMS

Views on future of international business and globalization Further globalization is inevitable. International business will grow primarily along regional rather than global lines. Forces working against further globalization and international business will slow down both trends. 3.8.2017 Dr.P.Saradhamani, DoMS