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Online Business Resources:* Websites, blogs, and social media platforms that provide news, analysis, and commentary on international business, often catering to specific regions or industries. In addition to traditional media, there are also a number of social media channels that focus on international business.
International business strategy refers to plans that guide commercial transactions taking place between entities in different countries. [citation needed] [1] [2] Typically, the phrase "international business strategy" refers to the plans and actions of companies (public or private) rather than of governments; as such, the goal of such a strategy involves increased profit.
International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] See: World economy .) In most countries, such trade represents a significant share of gross domestic product (GDP).
Arabic, Chinese, English, French, Hindi, Indonesian, Italian, Portuguese, Russian and Spanish: United Nations (UN/ONU) Under the Charter, the official languages are Chinese, English, French, Russian, Spanish as well as Arabic which was added in 1973. Portuguese is the only unofficial language to have its day (May 5) proclaimed as "World Day". [5]
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
The following is a list of major and notable scholarly journals in international business. The list is not comprehensive, as there are many other journals that are published. The list contains most of the prominent journals in the field. Corporate Governance: An International Review; Cross-Cultural Research; European Journal of International ...
Common examples of globally sourced products or services include labor-intensive manufactured products produced using low-cost Chinese labor, call centers staffed with low-cost English speaking workers in the Philippines, India and Pakistan, and IT work performed by low-cost programmers in India, Pakistan and Eastern Europe.
International commercial contracts are sale transaction agreements made between parties from different countries. [4]The methods of entering the foreign market, [5] with choice made balancing costs, control and risk, include: [6]