There are many international organizations functioning all over the world. They differ in their spheres of interest and size however all of them have their influence on international business relations. Trade organizations are voluntary associations between countries, formed with the…
There are a few theories of international trade. One of the most famous is the theory of absolute advantage by Adam Smith. It’s main position are: 1) government should not interfere in the foreign trade regime to maintain open markets…
The role of international organizations in developing financial sector among the countries over the world is realized in the recent years. In the same direction, the countries have made changes to develop their financial markets. World Bank One of the…
International trade is based on the process of importing and exporting goods. Every good exported by one country must be imported by another. International trade increases total output. Nations trade with one another because they expect to benefit from the…
Nations trade with one another because they expect to benefit from the transaction. Trade enables them to exchange things they don’t need for the things they do need. Some areas produce things that others cannot. It is caused by the…
International trade is based on the process of importing and exporting goods. Every good exported by one country must be imported by another. International trade increases total output. On a global economy imports must equal exports. The trade balance is…
The merger wave, which in 1998 was in USA, now came into the Europe. Cross-border deals are expected as firms go global. In many cases this consolidation makes sense. But past merger waves have shown that only one deal of…
International trade is impossible without foreign exchange markets. Exchange rate is the price of one currency in terms of another. Depreciation is the fact when one currency has become cheaper in terms of another currency. The other side of depreciation…
When transportation costs are low and government don’t restrict international transactions companies are looking for opportunity to sell goods on foreign market. Nations trade with one another because they expect to benefit from the transaction. Trade enables them to exchange…
Globalization describes a process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. It’s the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration,…