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An international business company or international business corporation (IBC) is an offshore company formed under the laws of some jurisdictions as a tax neutral company which is usually limited in terms of the activities it may conduct in, but not necessarily from, the jurisdiction in which it is incorporated.
International business is also known as globalization. International business encompasses a myriad of crucial elements vital for global economic integration and growth. At its core, it involves the exchange of goods, services, and capital across national borders.
The Evolution of International Business (1995). Lumby, Anthony. "Economic history and theories of the multinational corporation". South African journal of economic history 3.2 (1988): 104–124. Martin, Lisa, ed. The Oxford Handbook of the Political Economy of International Trade (2015) excerpt; Munjal, Surender, Pawan Budhwar, and Vijay Pereira.
Transnational corporations share many qualities with multinational corporations, but there is a subtle difference.Multinational corporations consist of a centralized management structure, whereas transnational corporations generally are decentralized, with many bases in various countries where the corporation operates. [1]
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Foreign corporation is a term used in the United States to describe an existing corporation (or other type of corporate entity, such as a limited liability company or LLC) that conducts business in a state or jurisdiction other than where it was originally incorporated. [1]
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A conglomerate (/ k ə ŋ ˈ ɡ l ɒ m ə r ə t /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually has a parent company that owns and controls many subsidiaries , which are legally independent but financially and strategically ...