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International Business Environment: Globalization And Democracy - Essay Example
Finance & Accounting
Pages 11 (2761 words)
INTERNATIONAL BUSINESS ENVIRONMENT Name Institution Introduction Strinidal is an industrial island whereby oil, natural gas, agriculture and industry are the major exports. It has a population of 1,252,800 people and 35% of them live in urban areas. The International monetary Fund and the World Bank have argued it to venture into globalization to increase its business operations so as to reduce its dependence on financial aids (Wallerstein 2004)…
They also have security and safety implications and have effects on the transfer payments. Most ideas, principles and legal concepts used in international transactions often find expression in the legislative acts and policies of nation states (Robertson 2008). Although many forces besides economic factors help shape world trade, it cannot be denied that the economic component of international relations is the most significant and that generally, a prosperous and stable international business environment. Economic globalization refers to the increasing interdependence among countries. It is the integrating of several economies. Globalization entails the expanding of markets to increase exports as well as imports. There are five dimensions of globalization that need to be identified and they are economic globalization, political globalization, ecological constraints, cultural values and globalization of communication (Gabriella 2010). ...
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