The Role of International Business in Sub-Saharan African Development

This report examines the positive impact of international business on Sub-Saharan African countries. It highlights how these countries, rich in natural resources, can attract global organizations, leading to increased exports and foreign reserves. These reserves can then be used to develop infrastructure, further encouraging business investment and boosting GDP. The report also discusses how international business can increase employment, enhance social welfare through government spending, and drive industrialization. Furthermore, it emphasizes the role of international business in optimizing resource utilization and reducing poverty. The report references Jenkins (2013) and Taylor & Thrift (2013) to support its arguments, providing a comprehensive overview of the benefits of international business in this context.

Running head: INTERNATIONAL BUSINESS
International business
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1INTERNATIONAL BUSINESS
Question: 3
International business can help the sub-Saharan African countries in having positive
growth of their economy along with reducing the rate of poverty. This is due to the fact that these
African regions are resource rich with having abundance of natural resources. Thus, attracting
the global organizations in tapping these resources will not be difficult. Thus, with the initiation
of the utilization of these resources, the export will get increased, which in turn enhance the
foreign reserves with these countries. These foreign reserves can be used in create favorable
infrastructure for the business organizations to operate in these countries. Hence, with having
rich natural resources and favorable infrastructure for business, more global organization will
come in these countries (Taylor & Thrift, 2013). It will help to increase the gross domestic
production of these countries. With having inflow of business organizations, the rate of
employment will get increase and thus the economy of these countries will also get increased.
Moreover, with the increase in the rate of export, governments will have more funds to spend on
the social welfare, which will also enhance the national economy.
International business will also help to initiate rapid industrialization in these countries.
With having more people get employed and increasing the purchasing power, the market
potential will also get increased, which will in turn further attract more global organizations to
start their operational facilities in these countries (Jenkins, 2013). Domestic industries will also
thrive with having the inflow of international technologies and capital. Thus, this holistic
approach of international business will help to enhance the economy of these countries along
with enhancing the social welfare. On the other hand, international business will also help to
optimally utilize the natural resources in these countries. With the empowerment of the common
people due to international business, the poverty will also get reduced.

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Reference
Jenkins, R. (2013). Transnational Corporations and Uneven Development (RLE International
Business): The Internationalization of Capital and the Third World.
Taylor, M., & Thrift, N. (2013). Multinationals and the Restructuring of the World Economy
(RLE International Business): The Geography of the Multinationals (Vol. 2).