International Business Environment

International Business is a term used to collectively describe all commercial transactions that take place between two or more regions, countries and nationsl beyond their political boundary. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political resons. It refers to all those business activities which invlves cross border transactions of goods, services, resources between two or more nations. The international business and trade environment is the backbone of global economy. A trade agreement to buying and selling goods and services internationally gives manufacturers in various countries the opportunity to expand beyond the domestic market. International business trade and investment agreements open markets worldwide while ensuring fair trade to expand economic growth and create jobs. Job creation and sustained economic growth rely on competitive international markets in both foreign investments and exports. About The Author: S. Mohan , M.Com., M.Phil in Commerce is teaching Commerce having specialization in Business Economics. A researcher to the core he was a Junior Research Fellow (NET) of UGC and had attended several departmental seminars and symposium. He is scholar and versatile orator and a widely traveled fellow familiar with the modern developments in this discipline.