Essay On Globalization And International Business

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Globalization and International Business in 2020 What is the future of our lives will look like? Specifically, what will business and business management will be like in ten years from now? Also, when it comes to the concept –The word is Flat- how this is effecting globalization and international business. When thinking about the future, international business is an important key point to think of. There have been various changes related to international business. From past to present even to the future, international business and its management will keep changing and there will be many different factors affecting it such as technology and other factors. Looking at businesses in the past and how they were being international is totally…show more content…
Also, managers need to look at the countries that they want to expand their business to. Some managers may want to expand their business to specific countries while other managers may not find it beneficial for their business to be in these countries especially because of the that in each country there is a different type of management system. For instance the management system in China will be totally different from the management system in India or in Brazil. As a result of the importance of international management, many different researches have been made over this topic. About 14 percent of the total publications of AMJ Company were made about international business management (Kirkman et al 378). This implies that international management is an important topic to talk about especially after the idea of…show more content…
This point by itself will change the way companies use outsourcing. For example, “Over the past decade, China has routinely experienced 8 percent to 9 percent annualized growth and India has followed closely with 7 percent annualized growth” (The Impact of Globalization on Business). This explains how companies are more willing to use work force from China, India and other develop part of the world because to their cheaper workforce. However, after having enough workforces from these places, companies will be looking for cheaper workforce which might be
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