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Trends in International Business - Essay Example

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Liberalization of markets actually allows international businesses to grow beyond their traditional domestic markets and tap into the potential offered by other markets. Liberalization is also important because it offers firms access to cheap raw materials and labor and hence an…
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Trends in International Business

Download file to see previous pages... Deregulation process has actually allowed global firms to expand and enter into the markets which were traditionally closed. Further, deregulation has created more efficiency and has allowed them to move beyond bureaucracies to implement better and more improved management practices. Deregulation of industries like Airline services has driven the prices down and further intensified the competition. This has therefore benefited common consumers to take advantage of lower prices and more efficient products and services. (Katsioloudes & Hadjidakis, 2012)
The fall of Berlin Wall has actually paved the way for the integration of Europe and has allowed Eastern Europe to come out of the Communist influence. The changes in Eastern Europe since the fall has allowed these countries to become part of EU and thus gave access to new markets. International firms have also gained access to cheap labor in Europe besides Consumers getting low priced ...Download file to see next pagesRead More
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