International Business in Global Trade

Chaebols, Keiretsus and multi -national corporations play important roles in many people’s lives. These large business organizations have become more dominant and influential in global trade because their products are sold in many countries. Large business corporations have developed strong market strategies to enable them take advantage of opportunities in global trade.

These firms have become more influential in international trade because many trade barriers have been eliminated. The reduction in trade barriers has integrated global markets which has promoted international trade (Peng, 2009, p. 67). Many business organizations are keen to take advantage of opportunities which have opened up in foreign destinations to increase their revenues. Some business firms have opted to invest in foreign countries with favorable investment conditions to reduce high costs of production they incur while operating in their home countries.

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
International Business in Global Trade
Post Your Own Question And Get A Custom Answer
Hire Writer

Globalization has helped many firms from North America and Europe to diversify their operations into other countries. Large American corporations such as Apple, General Electric and Intel produce most of their products from Asian countries. These countries have favorable investment policies which encourage foreign firms to invest there. Large corporations prefer operating in these locations because their costs of production are low and there is a ready market for their final products. These corporations are able to hire skilled employees locally at a low cost (Peng, 2009, p. 73).

Low labor costs make internal operations of large corporations more efficient. Large business firms are able to sustain their production activities for a long time because raw materials and other crucial production inputs are not expensive. Globalization has made consumption patterns to continue changing at a rapid pace. Many emerging economies have more middle income consumers interested in high quality products.

Technological advances and innovations have encouraged large business firms to develop long term strategies which focus on global markets. At the moment, many people in the world are more connected to each other than ever before. Video conferencing, email, video sharing websites and social networking websites enable more people in different locations to interact and share ideas.

This has made it easy for business organizations to promote their products and services to foreign distributors and clients (Peng, 2009, p. 82 ). Supply chain functions of large corporations have improved because clients in different markets are able to access their products within a short period of time. These corporations have partnered with experienced distributors who have a good understanding of different markets to make their products more accessible to consumers. Therefore, they are more knowledgeable on consumer behavior and preferences in different global markets where they sell their products.

The increase in trade and investments has increased the level of interaction between different people across the world. Many countries have improved their transport infrastructure which enables finished products to reach markets within a short time. However, some people are against increased global trade and investments.

They claim large corporations produce low cost products sold in developing nations and this stifles the growth of their local industries (Peng, 2009, p. 89). They also argue that the concentration of production activities in foreign destinations, leads to exploitation of local workers. There have been several cases in China, India and Philippines, where workers in large corporations have gone on strike due to poor pay and harsh working conditions. Some companies have also been accused of employing children as laborers, which contravenes the rights of children.

Reference

Peng, M.W. (2009). Global business.Mason, OH:Cengage Learning.

MyhomeworkGeeks
Calculate the price of your paper
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from MyHomeworkGeeks

Quality Urgent Essays

Domyhomeworkk online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At domyhomeworkk.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

Have a homework question? Get help from verified tutors now!