This report examines the reasons for expatriate failure, including cultural shock, family issues, increased responsibilities, wrong candidate selection, emotional attachment to home country, and language differences. It also identifies factors that ensure expatriate success, such as adventurousness, cultural sensitivity, curiosity, flexibility, and open-mindedness. Furthermore, the report discusses factors affecting the globalized economy, including the reduction of trade barriers, decreased transportation costs, increased internet users, the development of multinational corporations, the creation of trade blocs, and technological advancements. Finally, it outlines ethical policies for running businesses internationally, emphasizing adherence to labor standards, environmental acts, human rights legislation, respect for the host country's culture, and avoidance of corruption. Desklib is a platform where students can access this document along with numerous other study resources and solved assignments.