International Trade and Enterprises

Running head: INTERNATIONAL TRADE AND ENTERPRISES
International Trade and Enterprises
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1INTERNATIONAL TRADE AND ENTERPRISES
Table of Contents
Answer 1....................................................................................................................................2
Answer 2....................................................................................................................................3
References..................................................................................................................................6

2INTERNATIONAL TRADE AND ENTERPRISES
Answer 1
Globalisation refers to the process by which the organizations and businesses across
the world operate in an international level, in a globally integrated, inclusive and
intercommunicated environment (Intriligator 2017). There have been several factors
underlying globalisation, the primary ones being as follows:
Less protectionism- Over the years, the protectionism policies in most of the countries, like
those of foreign exchange controls, import licensing and others have been dismantled, which
in turn has led to more inclusive commercial frameworks.
Technological Progress- The development in global technology and infrastructure have led
to decrease in the cost of transmitting and communicating, which in turn has led to increased
integration of the international trade and commercial scenario (Holton 2013).
Growth strategies of multinational companies- To achieve revenue and higher profit growth,
more business have been going global and have been exploring new markets and regions and
also taking advantage of the global marketplace.
Political integration- The political scenario of the globe can also be seen to be integrating
over the years (Wei 2013).
Globalisation has not had uniform impacts on all the sectors of the population across
the globe. Some sections of the population have been more benefitted from others. The
winners of globalisation are as follows:
 The capitalist class, having considerable capital and other resources of production
 The huge and production efficient multinational companies
 The global middle-class which has developed and has been getting benefited from the
globalisation process (Tin et al. 2012)