INTERNATIONAL BUSINESS AND GLOBAL CHANGE Essay Example | Topics and Well Written Essays - 4000 words

INTERNATIONAL BUSINESS AND GLOBAL miscellany - Essay ExampleThis paper throws light on the business of luxury cars. The essay takes into account a sample of 200 countries and then on basis of certain parameters it tries to find out the best merchandises for elevated end cars. Luxury car market comprises of the con pithers who belong to the elite class of any society. This essay tries to name the two most potential countries of the world that has the highest proportions of economically affluent people showing special pastime in status symbol consumption. Introduction International business is imperative in the world of economic affairs (Moffett, n.d.). This is the era of orbicularization and liberalization when almost all the companies and firms of the world are going global (LOC, 2007). Manufacturing firms, companies involving arts, music and even the service firms alike(p) banks, insurance etc are all enlarging their branches across the world outdoors their domestic territ ory. International business admirer to articulate capital flows, technological skills and even employment opportunities across the world. The consumers experience variable choices of different goods and services. The market for goods and services expands in every country with open duty giving its consumers a wide variety of products. International employment in like manner facilitates mobility of the workers in the labour market (Rutgers, 2001). The activity moves to a global level when there is reallocation of productive resources and facilitates preferential choices in business. To fulfill the objectives of firms, organizations and people business houses are getting involved into cross border transactions. International businesses have various(a) branches like management contracts, foreign bargain, franchising, licensing and also involve foreign institutional investments. In the past 30 years the quantum of international trade has expanded in Billions. Global links have hel ped largely by improving the living standards and upgrading technology for business. The business and trade policies are now integrated together amid nations. Like, if the coffee production changes in Brazil then it would affect economies and market all across the world. The sum of global business had fallen slightly around the year 2000 but has again started to grow with globalisation accelerating. Trading blocks are formed with rationalization. There is a shift in the pattern of global trade between nations. From the period of 1960s to 1990s the requirement of manufactured goods in international trade was ofttimes greater than the necessity of raw inputs like rubber, jute. In the recent scenario, emerging economies in the world like BRICS are actively participating in the production of manufactured products. Service sector trading has also incremented in the current period (CIA, 2013). Developing counties like India have almost 30% of its GDP beingness contributed from the ter tiary sector although it was previously a country with almost 80% of GDP coming from principal(a) sector. The main purpose of the project is to understand the extent to which international business acts as a icy body of world economy. The trade outflows in an economy are very important to balance its trade account, at a macro level. On the other hand there are many companies operate in the domestic market that are not able to enjoy the fruits of economies of scale in production, with the help of international