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International Business and Globalization

International Business and Globalization. Globalization refers to the broadening network of interdependent relationships among people from different parts of a world that happens to be divided into nations.

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International Business and Globalization

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  1. International Business and Globalization Globalization refers to the broadening network of interdependent relationships among people from different parts of a world that happens to be divided into nations. Trend toward greater economic, cultural, political and technological interdependence among standardized national institutions. It is marked by processes of “denationalization,” which is not “internationalization.” Engages ideas and theories from geopolitics, economics, sociology, anthropology, and philosophy as points of interpretation. International Business involves all commercial transactions—private and governmental—between parties of two or more countries. Means to the end of performing activities in whatever nation in the world that supports increasing firm efficiency and improving industry competitiveness. Mindful of geography, national politics, legal policies, cultural outlooks, and economic forces that shape the allocation of resources. International Business is the means that enables the end of globalization.

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