International Business



 This week, my group object is international business and to concentrate trading internationally, how to trade internationally and the context of international trade.












International trade is not new like a silk-road but 21 century is more faster then past.












How to go international
•Outsource- not just manufacturing because a lot of 

companies try to survival the markets. This mean, the

Companies must develop outstanding and outsource

goods.


Samsung was only the big company at South Korea but 

today, they are one of big global company and market 

leader at the IT market. 

profit and find a chance in the world and the companies 

also would get a chance for big company or success.




•Exporting/ Importing give to chance about 

 rapidly increasing the companies such as Samsung. 

 However, it also can fail such as Nokia. 



•Foreign Direct Investment – establishing operations in 

 another country. This mean, investor would get high profit

  and poor or developing countries can get chances for 

 developed countries such as China and Korea.

•Franchising also good method about global 

companies such as KFC, McDonald and Domino Pizza.

 They have powerful name value and market power.

 Also, everywhere can see their shops.


•E-Commerce – buying and selling products via the 

internet. This factor is most cheaper and quicker then other

factors. For example, Amazon become a global company 

 with the factor. They sell all of the world and have company

 each countries.

















Also, i try to consider the various ways of trading internationally and discuss the advantages and disadvantages of each method

Advantages- Globalization would get chances and standardization about human life. Also, many people would try to get goods about other countries and companies and it lead to compete companies for better goods and service.

 Disadvantages- Some rich companies and countries would monopoly about the markets. Also, rich will be more rich and poor will be more poor. In addition, uniformity is not always good because many countries try to westernize and follow their life style then lost their own culture.









In my opinion, a multinational corporations give to us for improve of the quality of life but another mean, they control citizens and monopoly their markets. In addition, the international business lead to standardize the world. I believe we should care about the companies (the situation also have many benefit but i mean we should protect our culture and personality). 




Key terms- comparative advantage, WTO, EU, GATT, export, import, joint venture, outsource, foreign direct investment, multinational

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