What language should I study in college?
chinese would be VERY good for international business
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What has been the impact if the global financial crisis on international business?
Do not hold your breath for an answer. There are entire books written on this subject. If you are counting on yahoo answers for your homework, you are going to fail this class.
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United States Council for International Business
The United States Council for International Business (USCIB) is an independent business advocacy group that was founded in 1945 to promote free trade and help represent U.S. business in the then-new United Nations. One of its primary goals is expanding market access for U.S. products and services abroad. The organization is strongly in favor of open markets and sensible regulation.
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What are the primary legal rules and forces that impact international businesses, and what are their specific impacts on those businesses?
Thanks for asking me to answer. This topic is really broad and would be difficult to answer entirely without knowing more about the product categories involved. You could devote 4 years at a university and several years of specialized post graduate study to just break the surface of legal rules and regulations involved in International business.nWith that said, here are some of the things I would concern myself with. nI would look at regulations in: 1) the manufacturing country, 2) the importing country, 3) shipping regulations, and the 4) legal requirements of your potential customers.1, You may be required to have an import license to bring in certain components regulated by the country you are manufacturing in. The factory may be required to have an export license to ship merchandise outside the country. Your factory may be required to meet environmental and pollution control standards.n2. Your country may require FDA, GMP, or certificate of origins for the product you are importing. ( Think medical products, nutritional products, or agricultural items. ) Your country may have a quota on the goods you are importing and you would need to make sure you are covered by the quota. Special licensing may be required to import restricted items like drugs, guns, and alcohol. n3. Certain good cannot be shipped by airfreight. ( i. e. Large quantities of Lithium Batteries) Other items like certain chemicals and radioactive materials are highly regulated.n4. Your customer may require manufacturing standards certifications like ISO, QS, or GMP. The product may be required to conform to UL certification, European standards, SAE, National Highway Safety Administration and many more depending on product and final usage. You will probably be required to have Product Liability Insurance to protect your customers from liability in case your product injures someone.The list will go on and on depending on the countries involved and the product categories. These are just a few quick thought off the top of my head. I just remembered an unusual requirement I faced when I was importing from China. I was required to provide a certificate of fumigation to import a product into the USA because I used wooden pallets to ship my orders. The USDA wanted to make sure no Asian bugs were hitchhiking on the wooden pallets. What are the primary legal rules and forces that impact international businesses, and what are their specific impacts on those businesses?
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state 5 advantages and disadvantages of international business?
The advantages of globalisation (an economic view) The economic benefits that greater openness to international trade bring are: Faster growth: economies that have in the past been open to foreign direct investments have developed at a much quicker pace than those economies closed to such investment e.g. communist Russia Cheaper imports: this is down to the simple fact that if we reduce the barriers imposed on imports (e.g. tariffs, quota, etc) then the imports will fall in price New technologies: by having an open economy we can bring in new technology as it happens rather than trying to develop it internally Spur of foreign competition: foreign competition will encourage domestic producers to increase efficiency. Carbaugh (1998) states that global competitiveness is a bit like golf, you get better by playing against people who are better than you. Increase consumer income: multination will bring up average wage levels because if the multinationals were not there the domestic companies would pay less. Increased investment opportunities: with globalisation companies can move capital to whatever country offers the most attractive investment opportunity. This prevents capital being trapped in domestic economies earning poor returns. Disadvantages of globalisation The negative drivers of globalisation included culture which is a major hold back of globalisation. An example of how culture can negatively affect globalisation can be seen in the French film industry. The French are very protective of this part of their culture and provide huge grants to help its development. As well as government barriers market barriers and cultural barriers still exist. Also a negative aspect to a countries development is war e.g. tourism in Israel fell by 40% due to the latest violence. Corporate strategy can also be a negative driver of globalization as corporation may try to locate in one particular area. Another negative driver of globalisation is "local focus" or "localisation" as it is termed in Richard Douthwaite's book "Short Circuit". Douthwaite (1996) believes that globalisation can and should be reversed. He also believes that localisation is the way to do this. He defines localisation as "not meaning everything being produced locally but it means a better a balance between local, regional, national and international markets and thus bring less control to multinational corporations". Another step to reverse globalisation would be for governments to club together to curb the power of multinational by negotiating new trade and treaties that would remove the subsidies powering globalisation and give local production a chance. Douthwaite also states that the global economy is itself nothing less than a system of structural exploitation that creates hidden slaves on the other side of the world and also that the North should allow the South to produce for itself and not just for us (North). So it can be seen that Douthwaite is very opposed to globalisation especially that part of it exploited by multinational corporations. Further arguments put forward against globalisation by Mr. Lawton include that it actually destroys jobs in wealthy advanced countries. This is due to the lower costs of wages in developing countries. Multinationals will move to areas of lower wage levels at the drop of a hat e.g. Fruit of the Loom. Also this ability to relocate has meant that wage levels of unskilled workers in developed countries has actually fallen relatively speaking. This is down to the fact that one now needs skill and knowledge in developed economies to survive. Also there is the loss of sovereignty that globalisation brings. Many anti-globalisation believers state that nations are loosing their identity and selling their soul. Then there are environmental factors of globalisation as described earlier. These are becoming more and more controversial. Technology, though usually viewed as a positive aspect of globalisation, also has some negative points. Jeffry Sachs (The Economist, June 24th 2000) argues that technology is now what divides the world. Sachs states that 15% of the world's population account for nearly all the world's technological advances. This has to be a concern if developing economies are ever going to catch up. Many countries, almost 30% of the world's population, are technologically excluded (this means not only that they do not innovate but also that they cannot adopt new technologies). In recent years some countries, such as Taiwan, South Korea and Israel, have become top rank innovators and with this their economies have flourished. This would indicate that perhaps the best way to tackle world poverty is to provide aid through education and technology.