Nobody downloaded yet

International Business - Essay Example

Comments (0) Cite this document
Summary
1. With reference to international trade and investment theory, briefly outline the main purpose of the European Union and the significance of the Single European Market for an EU-based business. International trade is the exchange of goods and services between countries…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
International Business
Read TextPreview

Extract of sample "International Business"

Download file to see previous pages When we talk about a country Comparative advantage, they are the Superior features of a country which provide it with unique benefits in global competition derived weather from national endowments or deliberate national policies. It is concept that helps answers the question all nations can gain and sustain national economic superiority. Competitive Advantage of a country’s firm is distinctive assets or competencies of a company derived from its size, assets, innovation strengths which are difficult for its competitors to duplicate or imitate. In other words the concepts tells us how a firm can gain and sustain distinctive competence vis a vis competitors. (Theories of International Trade and Investment, 2008) Single Market - European Union The European Union is a group of Western European nations working to unite the economic resources into a single economy. It is a group of 27 member states which have been united to create a political and economic community throughout Europe. The European Union imports and exports more than any one country in the world. The community’s chief trade partner is the United States. The community have special trade agreements with many other countries (European community). The main purpose behind European Union is to provide better economy to the poorer countries in Europe. It also means that trade between these countries is cheaper. Apart from this the European Union aims to promote economic and social progress and a high level of employment opportunities, thus maintaining sustainable development and a better standard of living and Gross Domestic Product of the economy. Through the establishment of economic and monetary union, they create an area without internal frontiers, which includes a single currency and it makes trade much easier. One of the reasons behind the formation of European Union was to provide a common defence phenomenon. In this way all the members will be secure in terms of defence. Through the introduction of the citizenship of Union, the rights and interests of the nationals are strengthened and protected (Folketinget). Internally the European Union has abolished trade barriers, experiencing a common currency and is constantly striving towards the convergence of improved living standards. In the words of Central Intelligence Agency : “The European Union faces a lot of difficulty in devising and enforcing common policies because of the differences in the per capita income among member states. Between 2004 and 2007, 12 countries were added to the European Union which are generally less advanced than the remaining 15 countries. Being a large Union, it has a couple of transnational issues.”The European Union itself has no border disputes with the neighbouring countries. But technically Estonia has no land agreements with Russia; on the other hand Slovenia disputes its land and maritime boundaries with Croatia. Similarly Spain has territorial and maritime issues with Morocco and with the UK over Gibraltar (Central Intelligence Agency). A single market is a trading bloc. It comprises of a free trading are and has common policies. There is freedom of movement where assets like land, labour, capital and enterprise are concerned. The main objective is that these factors of production are mobile. All the trade barriers, whether it be in the form of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Business Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1404707-international-business
(International Business Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/environmental-studies/1404707-international-business.
“International Business Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/environmental-studies/1404707-international-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF International Business

International Business

...are reflected in Michael Porter’s Diamond model. It discusses the significant factors that we should study in an international business. These factors are demand condition, related supporting industry, firm’s strategy, infrastructure and rivalry, factor condition, and government. Demand condition reflects greatly on PCI’s case. The demand in a country is not always the same with another country. For example, the variety of design and capacity production. Related supporting industry needs to be studied because we need to calculate the best profit-maximizing cost for the raw materials and machines. Firms need to research the competitors and find a strategy to get into the market....
4 Pages(1000 words)Essay

International Business

...? International Business Merger and Acquisition Globalization and liberalization have brought huge changes in business world and the evolution of newbusiness strategies is one among them. Competition is intensifying in global market because of the increased readiness of the countries in attracting foreign direct investment as a mean to enhance economic growth. Political differences or cultural differences are not providing any obstacles in front of international companies in diversifying their business to overseas countries. It should be noted that plenty of American companies are currently operating in China. Same way plenty of Chinese companies are operating in America at present. In short, international business is facing fewer... ...
18 Pages(4500 words)Essay

International Business

...? Family Alomran Given Hana SRN: 10248802 Programme: International Business Marketing Accounting and Finance Economics Human Resource Management Tourism Project Management Strategy Information Systems OR/Mgt Science Submission date 30th Jan Table of Contents Dissertation Question 8 Literature Review 8 1-Internet and online shopping 9 1-Tesco and Asda and UK’s customer 9 2-Elements affecting customers’ behaviour in regards to online shopping 10 Provisional Title Customer behaviour towards online shopping: How they trust "case study of differentiation between Asda direct and Tesco direct in UK”. Research Background Online shopping is a form of electronic commerce that effectively allows all consumers to...
13 Pages(3250 words)Essay

International Business

...? International business Role of World Trade Organization on the international business arena WTO is an international organization focused on trade relations between different nations (Kline, 2005, p. 43). WTO agreements provide details on trade rules in the international arena. In such a way WTO tempers challenges of international trade, because WTO’s regulations are developed in accordance with the needs of a certain country and are ratified by parliaments of the countries. 2. Four determinants of national competitive advantage There are four determinants that make country competitive (Porter): “factor conditions,...
8 Pages(2000 words)Term Paper

International Business

...?Running Head: International Business International Business [Institute’s Executive Summary The recent phenomenon of globalization has completely turned the world around. The research has showed that international businesses have significantly increased, in the sense that there has been increasing growth in multinationals. However, it also was an observation that only a few countries have benefited from this neo-liberal policy. In addition, in the globalized world, it is ‘the survival of the fittest’. International Business At the turn of the 20th century, new approaches to the world occurred. The Cold...
4 Pages(1000 words)Essay

International Business

...? Topic: International Business. “Multinational firms are a source for progress”. Discuss. The world has seen a growing trend of more and more numberof multinationals being set up in the recent years. Thirty years ago there were 7,000 multinationals worldwide and now there number has increased to more than 60,000. By the year 2000, thousand of the world’s largest multinationals accounted for nearly 80% of the world’s industrial output and the top hundred of these firms contributed to 4.3 % of world’s total Gross Domestic Product. Multinationals are a source of great opportunities for the host country as well as themselves. Multinationals are powerful companies employing many people and earning a lot of money. Often their location... and...
12 Pages(3000 words)Essay

International Business

... are able to lower their operation cost by outsourcing. The use of outsourcing helps companies stay in business which is protecting jobs in America. Lower prices are achieved in the consumer markets due to the use of international trade. Countries are able to establish political ties with other countries by becoming trading partners. The use of international trade helps the global economy achieve growth. Overall the perspective of the uncle is too one sided. The uncle is looking at the problem from only one dimension. International trade can have an adverse effect in the job creation in America, but only in certain industries. From a social perspective international trade is helping a lot of poor countries improve the state... ?The United s...
3 Pages(750 words)Essay

International Business

...? International Business Introduction Apple Inc is an international organization which originated in America. It was founded by Steve Jobs in the year 1976 (Apple, 2013a). The company is presently headquartered at California, USA. The company deals with manufacturing and production of computer software and advanced technological electronics. Apple markets and develops laptops, desktop computers, mobile communication devices, portable music players and many other digital gadgets. Devices such as IPhone, Ipad, Mac OS, Ipod are some of the invigorating products of Apple. Apart from the hardware category, the company also has a strong presence in the field of engineering and software...
10 Pages(2500 words)Essay

International Business

...? International Business Introduction Toy industry is one of the growing industries of the world. It encompasses both electronic and non electronic toys and games. The global toy industry is not just associated with games and fun, rather it is dubbed as one of the hypercompetitive industries. The sector is characterized by secret product development practices and occasional indictment of corporate surveillance. Some of the major players in this industry are Hasbro, MGA Entertainment, Matteland, LEGO, Namco Bandai, Sanrio, Barbie and Steiff among others. In addition, the gaming hardware division sometime also comes under the toy industry. In this segment, Nintendo, Sony and Microsoft are the major players...
6 Pages(1500 words)Term Paper

International Business

...Regional trade blocs-Small companies Regional trading blocs are created to facilitate opportunities for the business organizations at one region. Thecompanies irrespective of the volume of business can forward their request for associating with the blocs. The small companies are initially confined to the designated region under their vicinity. The smaller companies as per their categorization mean that they operate with confined resources with respect to their financial resources. The small companies when compared to big players have minimal logistic support, narrow managerial skills sets that are very well suited to the regions they operate, the cultural difference in different in different nations may...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic International Business for FREE!

Contact Us