This document discusses globalization and international business. It defines globalization as the interdependence of countries through reduced trade barriers and increased flow of trade, capital, technology and people between nations. The key drivers of globalization are described as economic, technological, personal contact and political factors. International business is defined as the exchange of goods and services between individuals and businesses across multiple countries. The document outlines factors that have increased globalization and discusses how companies operate internationally through methods like exports, imports and foreign direct investments. It also examines some challenges of globalization and factors that influence international business operations.

3. Course Title

5. Ms.Sharmin Akter Sonia
Lecturer of Premier
University , Chittagong
Department of Finance

6. Omega
Group
Somen Chowdhury
150311010-8120
Md. Shariful Islam
150311010-8154
Pabani Talukder
150311010-7979
Afroza Akter
150311010-7958
Tanni Shil
150311010-8157

7. Globalization
International Business
Forces that driving
Factors
Company Involves
Modes of operate

8. Interdependence of people from different countries.
Integration of countries by removing the trade barrier.
Free flow of trade, capital, technology & people.
Globalization means:

9. The Forces Driving Globalization
Economical
Technological
Personal Contact
Political

10. Factors In Increased Globalization
 Increased in free tade.
 Increased in technology.
 Growing consumer pressure.
 Increased capital mobility.
 Changing political condition.
 Expended cross national co-operation.

11. International Business
“The economic system of exchanging good and
services, conducted between individuals And
business in multiple countries”

12.  Treats to national soverignty
-Question of local objectives and rules.
-Question of local over dependence.
-Question of cultural homogenity
 Economic growth and environmental stress
 Growing income inequality.

13. Expanding Sales
Acquiring Resources
Minimizing Risk

14.  Merchandise Exports :
- Goods that are sent out of a country
 Merchandise Imports :
-Goods that are brought into a country
[Sometimes referred to as visible exports and
imports]

15.  Service Exports :
-Provider and receiver of payment
 Turnkey operation and management contracts
-Asset Use
 Licensing and franchising
 Service Imports :
-Recipient and payer of payment
Examples
-Tourism and transportation
- Service performance

16.  Investments:
 Foreign direct investment(FDI)
-Investor takes a controlling interest in a foreign
company.
 Joint Venture
 Portfolio investment
-A non-controlling financial interest in another
entity

18. Physical and social factors :
-Geographical influence.
- Political factors.
- Legal factors.
- Behavior factors.
- Economic factors.

19. The competitive environment :
-Competitive strategy for products.
- Company resources and experience.
- Competition faces in each market.

20. In order to enjoy the full benefits of globalization, organization must
have the right global business design, global operation strategy, global
focus, customization, organizational structure, customer connection
activities, innovation, proprietary information and risk management
system in place. Though there are viewpoints on optimizing its benefits,
the article failed to explore issues in relation to human rights,
environmental matters, political instability and inequalities. These are
common global concerns which have to be respected and since
international business transactions have connection to these concerns, it
is crucial for laws of international business transactions have to be in a
position to promote guidelines to regulate global concerns which will in
turn benefit businesses.