Difference Between International Business And Globalization

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Register to read the introduction… Because if the past decades had in fact not experienced any unprecedented set of environmental determinants, it is unlikely that a new and revolutionary process could exist which is not already sufficiently described by the traditional term International …show more content…
It could be understood as the development towards more dependence derived from the increased exchange of goods and information and the notion, that each trading nation’s actions may influence the flow of capital and goods between each other. It may not necessarily result in the building of a global economy or new world order but might lead to further integration in some areas and contradictory movements of fragmentation in others (Held et. al 1999). By some it is therefore simply referred to as the driving force behind various changes of modernity and the redistribution of power from national governments to major conglomerates that will increasingly dominate the flow of capital, resources and commodities on a pure cost bases and without any ties to their former home nations (Economist, Sept. …show more content…
The difference of both terms has therefore not to be seen in a qualitative way, but in a quantitative: Globalization does not describe a new way of international business, but rather the increased pace of it, based on a combination of various favourable factors that emerged within the past few decades, consisting of global communication technologies, the end of cold war and communism -resulting in deregulation and the increased global embracement of capitalism, liberalization and fewer market barriers and the increased exchange between cultures –resulting in a higher degree of homogeneity is certain

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