Introduction to International Business This Theory

Question: Discuss about the Introduction to International Business this Theory. Answer: 1. Globalization means the method of international integration, which arises from the interchanges in the world. It is known as the international network, which emerges from the economic system. Globalization is also regarded to the process through which the there is a massive integration and interaction among the companies, the government of different countries and people. This process is driven by investment, international trade and is also supportive of information technology (Beck 2015). Globalization is very import to those firms which at present has no international backup because according to the rapid growth in the international business this theory of globalization is quite supportive of the organizational and change in constant environmental operations. The theories of international trade are practicable to the procedure of trade that is carried on among different countries. The fresh theories explain about the changes in nature as well as in the environment of the international trade which must be followed by those firms in order make their development. Globalization movement has helped the consumer's large number of purchasing choice than before. Due to globalization, the consumer gets more and more internet opportunity to do shopping online on the products that are available from all over the world. Due to globalization people gets to search for good quality products from all over the world. The consumers get the opportunity for automatic research products which are a good deal for the consumers as well as the people. The consumers of 80s and late 90s generation gets helps in marketing the goods of their generation which is the popular brand. Trade agreements have resulted in the development of much international products (Fujita and Thisse 2013). 2. The theories regarding international trade are basically in exchanging of the products and its services among the entities and the people. Basically international trades help in the exchange of money from the products which are sold directly or online and also and also the infrastructure of economical conditions between people and the entities. Individuals and entities are in trade with each other to benefit from the exchanges. In the practice of international trade, there is the sound surface, which deals in a strategy of business, policy, theory which helps in constituting the international trade. International trade also deals with production factor mainly in labor and in capital for the mobilization within the country than that of outside the country. The history of international trade states that chronicles have affected the trade among the various economical fields. International trade is also the economical branch of economics along with international finances derived from the main branch of international economics (Karim 2015). 3. There is quite a lot effect of globalization regarding the damages in a matter in environmental goals. As there are lots of effects on countries regarding environmental goal as there is an increase in population, there is a protection of the country regarding forests, water, air, and animals this view is not practicable in the own country but as the neighboring and other countries. There is also information available that the recommendation regarding the leakage of address which is the importance of sensible WTO principles. It is quite a fact that there is a lot of effect of globalization relating to the growth of trade, positivity of economic and also some noneconomic effect. According to the comparison, we can state that there is a growth in GDP program. Though there is a growth of economical condition due to globalization still there is a lot of effects that harms the environment for this purpose. The effect is indirectly on us because the basic needs of the environment are bei ng affected for this purpose (Altbach 2015). Reference List: Altbach, P., 2015. Higher education and the WTO: Globalization run amok. International Higher Education, (23) Beck, U., 2015. What is globalization. John Wiley Sons. Fujita, M. and Thisse, J.F., 2013. Economics of agglomeration: cities, industrial location, and globalization. Cambridge university press. Karim, S.M., 2015. The Impact of Economic Globalization on International Trade Trends in Developing Countries at the Beginning of Third Decade. Journal for Studies in Management and Planning, 1(11), pp.32-42.