International Business new ed

8/10/2019 International Business new ed

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INTERNATIONAL

BUSINESS:Spread & Global

Impact


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Objectives of rese!tatio!To understand the history and impact ofinternational business.

To learn the denition of international

business.To recognize the growth of global linkagestoday.

To understand the U.S. position in worldtrade and the impact international businesshas on the United States.

To appreciate the opportunities andchallenges oered by internationalbusiness.


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"#at is I!ter!atio!al B$si!ess%

International business consists

of transactions that are devisedand carried out across nationalborders to satisfy the obectives

of individuals! companies! andorganizations.


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I!ter!atio!al B$si!ess a!d t#e

Roma! Empire)a% *omana! or *oman )eace ensured thatmerchants ere able to travel safel% and

rapidl%.Common coinage simplied businesstransactions.

'ome developed a s%stematic la, centralmarket locations, and an e"ectivecommunication s%stem all of hich enabledinternational business to ourish in the 'omanmpire.

*he groth of the 'oman mpire occurred

mainl% through the linkages of business.


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I!ter!atio!al B$si!ess a!d t#e

Roma! Empire 'co!t()

The decline of the *oman $mpire

can be attributed in part to#inghting and increasing decadence

the #a+ 'omana being no longer enforced

the decline of use and acceptance of the

common coinagedeclining levels of communication

+s a result! former *oman alliescooperated with invaders.


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U!ited States: A Global LeaderThe United States has developed a worldleadership position due to#

its use of marketbased transactions in the

-estern orlda broad o of ideas, goods, and servicesacross national borders

an encouragement of international

communication and transportation)a% +mericana, an American sponsoredand enforced peace


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T#e Smoot*+a,le Act*he /012s, the 3.S. passed the Smoot&,awley +ct, hich raised import duties toreduce the volume of goods coming into the

3.S.

*he act as passed in the hope that it ouldrestore domestic emplo%ment.

*he result as a orldide depression and thecollapse of the orld nancial s%stem.


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E-pa!sio! of I!ter!atio!al Trade4n the past 01 %ears, the volume ofinternational trade has e+panded from 5611billion to over 57.8 trillion.

*he sales of foreign a9liates of multinationalcorporations are no tice as high as globale+ports.


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Global Li!.s Toda4nternational business has created a netorkof global links that bind countries,institutions, and individuals ith trade,

nancial markets, technolog%, and livingstandards.

&or e+ample, a reduction in co"eeproduction in :ra;il ould a"ect individuals

and economies orldide.


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Globali/atio!:ecause of globalization, for the rst time inhistor%, the availabilit% of internationalproducts and services can be accessed b%

individuals in man% countries, from diverseeconomic backgrounds.


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International Business new ed