The Seven Interrelated Variables that have Helped Globalization

The new directions and instruments of development of the international business are boldly shown. The international business is understood as such business activity, the primary coverage of which is the international economic relations in world economy. The international business can be divided into some main segments conditionally; global business, international (multilateral) business, foreign business in the host country and business abroad. According to Epping (2009), “The long-tail theory of commerce describes the ability of online businesses to use low distribution and inventory costs to make a profit out of selling small volumes of hard-to-find items to many customers.”

Globalization is the process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Globalization is simply the interactions of different countries throughout the world. International Trade as previously defined is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual. International Trade and Globalization go hand in hand. Both of these two are usually very beneficial to businesses such as

Globalization is the process by which states become interdependent on each other on all spheres of life. It is a process where countries go global by adapting universal characteristics involving human race. It is therefore the process of uniting people of the world into one unit with universal characteristics. This characteristics include; systems of education, politics, democracy, economy among many others. Through globalization economies, civilizations and societies become integrated into a globalised arrangement of political ideas.

From the word, Global trade is the import and export of goods and services between different countries, which also promotes product diversity for example; Pizza is from Italy and not Canada. As stated in businessdictionary.com, it is the worldwide business that involves making and collecting payments for transactions in goods and services, and transporting them to interested markets.

Once it comes to the International Business, the focus is more widened. The trading parties are concerned with far more issues than they are concerned while operating in local market. Although, Marketing, Finance and Human Resource

Hill, C. (2011). International business, competing in the global marketplace. (8 ed.). New York, NY: McGraw-Hill Irwin.

Globalization is defined by the Levin Institute as "a process of interaction and integration among people, companies, and governments of different nations." The process itself is really driven by two main components those being international trade and investment.

Many companies today want to expand their business to the international business, which can bring cost down and profits up. Taking a business internationally means knowing the rules and regulations of the countries you are entering. There can be many issues with going global which include cultural barriers, diversity issues, multicultural issues, political issues, and economical issues. It is very important to know how important expansion is to the company and what implications will come from going global.

     International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlessly and expediently.

International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international production of physical goods and services such as finance, banking, insurance, and construction.

International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics,and transportation) that take place between two or more nations. It consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals, companies, and organizations. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. Transaction of economic

International trade is the exchange or trade of merchandise, capital and services across the world. For many countries, these exchanges can represent a very important share of their GDP (Gross Domestic Product).

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.

International Business is the exchange of goods and services among individuals and businesses in multiple countries. International Business is also known as Global Business or International Marketing. People in this field have to understand the dynamics of different financial systems, their legal framework, also cultural and language differences. Consultants, as they are often called, have to deal with cultural sensitivities as well. An average day may include; research, dealing with public and/or external customers, constantly keeping abreast of the culture and economy of the country with which one is doing business with, picking up a second language, and directing or coordinating the task of workers.