Understanding of the Environmental Aspects of International Business

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Added on 2020-01-23

Understanding of the Environmental Aspects of International Business

Added on 2020-01-23

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INTERNATIONALBUSINESS

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3ESSAY ............................................................................................................................................3Demonstrating the understanding of the environmental aspects of international business in avariety of contexts........................................................................................................................3CONCLUSION ...............................................................................................................................5REFERENCES ...............................................................................................................................62

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INTRODUCTIONInternational business constitutes of all the commercial dealings that take place betweentwo or more countries beyond their political frontiers. There are large number of advantages ofinternational business. Such as, it leads to optimum utilization of resources, help company inenhancing its market share, customer base etc (Hill, 2008). In this report, clear understandingwill be shown regrading the environmental aspects of international business in various contexts,involving socio-cultural, political, financial and economic aspects. Thereafter, the variousbarriers to foreign investment in BRICS countries will be critically discussed. Further, toenhance the study, India has been selected which is a developing economy and have amplenumber of growth opportunities.. ESSAY Demonstrating the understanding of the environmental aspects of international business in avariety of contextsInternational business consist of dealings that are devised and executed out across thatnations frontiers to meet the needs, objectives of person and organization etc. The globalizationhas led to the integration of the economies and thus opened the new horizons for internationalbusiness (Krugman, 2008). It also have developed a network of global links that bind nations,establishments and individuals with business dealings, technology and fiscal markets etc. Due, tointernational business the world is now become global village where worldwide products andservices can be exchanged and accessed by individuals in different nations, from diverseeconomic backgrounds (BRICS countries, 2016). The big corporations indulged in internationalbusiness have ample number of advantages related to growth, recognition and profit making.Along with this, economies of several nations is accelerating and growing with the help ofinternational business. In this respect, Brazil, Russia, India, China and South Africa (BRICS) areleading emerging economies that are best fitted with global business (Perkins and et.al., 2012).These countries further possess dominance in terms of political power, economic potential,enhanced demographic development rate and high growth rates. In addition to this aspects, theycan exchange the technology know how, expertise manpower etc. BRICS nation play asignificant role in assuring the international development of low income countries and also3

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Understanding of the Environmental Aspects of International Business