The growth of external craft activities had become more than ordinary immediately after the end of founding War 2. firearm there are many views on why firms square off to expand their operation internationally, the main reasons of these corporations decide to expand into international operations can be mainly explained by their necessitate to increase their sales revenue by tapping into unexplored international markets, acquiring new resources with the ultimate aim of reducing their bell of productions, and finally, to minimized the business risk by reducing the tremble in economic and political situation in post country.
In addition, the expansion of engineering in the transportation and dialogue industry which not only provide quicker save cheaper transportation and communication network had also further fuelled the fast expansion of international business. For example, the advancement of the engineering technology had enable larger and more efficient cargo ships and aeroplane be built to transport goods, while the explosion of information technology had resulted in the speed of the flow of information become more rapid, up to extend that can be classified nigh instantaneous.
The development of the supporting institutional arrangement and trading blocs such(prenominal) as United Nations (UN), International Monetary Funds (IMF), World Bank (WB) and World Trade Organisations (WTO), Group 20 (G-20), ASEAN and European Union (EURO) had further encourage the international trade and investment activities, while reducing the risk of such activities.
Major Changes in International Business, Challenges and Opportunities
Globalisation of World Economies
However, the scene of international business growth is nothing comparable to what had happen during the past decades (1998 to 2008), where as exits happened during this period resulted major changes to that international business environment.
The first event was the fall of the “Asian Tiger”...If you want to get a full essay, order it on our website: Orderessay
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