The document discusses the concept of a "borderless world" where globalization has reduced boundaries between countries in business and trade. It notes that total world trade is $8 trillion annually and defines organizations like the WTO and TPP that set rules for international trade. Both opportunities like wider markets and cheaper costs, as well as threats from economic conditions, are discussed as factors for management to consider in global business.

3. What “borderless world” means?

4. A “borderless world”...
refers to an open world
which can bring influences
upon people. It may bring
about changes in their
culture, beliefs, traditions
and others.

5. A Geography Without Borders
On a political map, the boundaries
between countries are as clear as ever.
But on a competitive map, a map showing
the real flows of financial and industrial
activity, those boundaries have largely
disappeared.

6. Business in a Borderless World
Globalization...
is redefining the way
companies do business.

7. The global marketplace
Total volume of world trade
is $8 trillion annually
 The world is becoming a
single large market – an
interconnected system

8. Trade Between Countries
Importing.
Exporting.
Balance of Trade.

9. GLOBAL INVOLVEMENT
THROUGH

10. Of Global
business

11. WTO
The World Trade Organization (WTO) is
the only global international
organization dealing with the rules of
trade between nations.

12. Trans-Pacific Partnership
The Trans-Pacific Partnership (TPP) is a proposed
regional free-trade agreement. As of 2014
twelve countries throughout the Asia-Pacific
region have participated in negotiations on the
TPP: Australia, Brunei Darussalam, Canada,
Chile, Japan, Malaysia, Mexico, New Zealand,
Peru, Singapore, the United States, and
Vietnam.

13. Threats that Management Should Take Into Considerations
Economic situation of the country
The currency rate
Interests rates
Inflation rate
Unemployment rate

14. Advantages of global business.
Wider market.
Cheaper labour & material.
New product lines.