International Business Research Paper Example | Topics and Well Written Essays - 750 words - 1

International Business - Research Paper ExampleBRIC nations, however, continued to grow between 7-10% in 2004-2007. However, in 2009, the global economy posted its first GDP loss since the post-world war two periods. With unsustainable debt levels and disabling unemployment, the advanced economies of the west began to stagnate, at best grow sluggishly. Developing countries including China and India experienced strong growth, however, as they grew their overall exports, do infrastructural investments and had increased consumption levels. China overtook Japan as the worlds jiffy largest economy. The second phase of the principle financial crisis started in 2009 with the defaulting of Dubai. Spreading across into Europe, it caused job losses. During the 1970s, oil averaged $16 a barrel, shooting up to $146 in July 2008. This allowed countries like UAE to withstand the adverse effects of soaring debts, due in large part to their oil wealth. International seames will now find it chea per to invest in countries like China, India, China and India due to their cheap labor and the UAE due to their vast cash reserves to stupor them against debt and drastic job losses. In the USA, however, with soaring debts, dwindling cash reserves and high unemployment amongst highly competent workers, the conditions are not conducive now for investment. Question 2 It is relevant to study global strain for any person in the world of business, whatever the size of their particular organization. Majority of products are imported. climax a deal in China and doing so in France will be a very(prenominal) different process. Businesspersons need to be aware of customs, in followed in other countries in-order to be successful. It is also indispensable to consider the shipping cost difference, since this will change landed cost of a commodity, together with the toll it retails at and the margin of profit. After the Second World War, virtually western countries began to remove barrie rs, allowing free transplant of services, goods and capital between themselves. Countries in the east draw followed suit. Under GATT, over100 nations further negotiated tariff decrease, while fetching strides in resolution of issues removed from tariffs, for example service trade and intellectual property. While this decrease of most trade barriers made market and service globalization a possibility theoretically, changes in technology made the reality tangible. Major information processing and communication advances since the end of World War 2 have made global trade relatively easier. Advancement of the World Wide Web and the internet are undoubtedly the backbone for tomorrows information, allowing 1.3 billion users to communicate in 2007. In business, this is a potentially lucrative goldmine. Massive advancements in transportation technology have also enabled firms to respond faster and with much personality to demands by international customers. The implication of globaliza tion cannot be ignored. In todays firms, business is more competitive and complex than it was, say 7 decades ago. International and cultural challenges have become more pronounced, thus studying international business is of utmost importance, even for small firm employees. Question 3 Sen puts forward the argument that, in economic life, the ultimate mark is freedom. Thus, development needs the extrication of give away impediments of real freedom tyranny, social