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International Journal of Economics & Management Sciences

ISSN: 2162-6359

Open Access

International Business: Enthrall and Prospect

Abstract

Shailendra Mohan Singh*

The enthrall of this paper is based on the economic, social and political issues. It reflects present and future challenges for competitiveness and economic development in the global changing environment. International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas and technology across national boundaries. It occurs in many different forms, the movement of goods from one country to another (exporting, importing trade), contractual agreements that allows foreign firms to use products, services and processes from other nations (licencing, franchising), the formation of operations of sales, manufacturing, research and development, distribution facilities in foreign markets. The aim of this paper is to introduce, analyze and explain international business in an important emerging light of globalization.

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