scholarly journals The Integration of China into the World Trade System and the Increase in its Role in International Business

2015 ◽  
pp. 7
Author(s):  
Zdzisław W. Puślecki
Keyword(s):  
International Business ◽  
World Trade ◽  
The World

CHANGING GLOBAL ENVIRONMENT AND CHALLENGES OF INTERNATIONAL BUSINESS

2020 ◽  
pp. 43-48
Author(s):  
Dr. K.Madhava Rao
Keyword(s):  
International Business ◽  
Communication Technology ◽  
World Trade ◽  
Free Market ◽  
Business Leaders ◽  
Online Marketing ◽  
Global Business ◽  
Conceptual Base ◽  
Doing Business ◽  
The World

Rapid advancement of Information & Communication Technology (ICT) provides a newer shape of business. Pattern of doing business has changed into a completely different format. Concept of free market economy got its existence from the conceptual base through the advancement of online marketing facility. Countries are working to come closer through different regional blockings as well as under the multilateral trading system through the World Trade Organization (WTO)s active intervention to make international trade easier than ever. World Customs Organization (WCO) introduced HS Code system to harmonize world trade facilitate quick customs clearance. After all globalization get a momentum in last decade and many non-tariff, Para-tariff barriers are addressed and in a considerable position of solution of the problems. Countries are negotiating and committed to co-operate each others to ensure free movement of trade around the globe. As a result new issues are coming into emergence with challenge or opportunity in its two sites. Nowhere, perhaps, was it felt more keenly than in the world of international business. Political, economic, and environmental issues are increasingly becoming the remit of international business leaders as much as governments. The next generation of global business leaders, embracing the opportunities and challenges of international business. While the global marketplace becomes more interconnected and accessible, the risks involved in doing business abroad are not to be taken lightly. The aim of the research is to introduce and explain international business in an important emerging light of globalization. The paper concludes that business people and governments around the world will have to be more knowledgeable about the international dimensions of management than at any time in the past. KEYWORDS: World Customs Organization, International dimensions, Globalization, Communication Technology.

Effects of Globalization on Economies in Transition

2016 ◽  
pp. 26-44 ◽  
Author(s):  
Drago Cvijanović ◽  
Branko Mihailović
Keyword(s):  
Trade Liberalization ◽  
International Business ◽  
World Trade ◽  
Capital Mobility ◽  
Electronic Money ◽  
Economies In Transition ◽  
Monetary Unit ◽  
The World ◽  
Money Transfer ◽  
Global Communications

The chapter covers ranges and effects of globalization on economies in transition, as well as possibilities and limits in raising their competitiveness. International business has increased its size in the 20th century, mostly owing to trade liberalization and investments and partly owing to a fact that doing the international businesses has generally become easier and simpler. With regard to liberalization, the General Agreement on Tariffs and Trade has led to trade liberalization, and it was continued with establishment of the World Trade Organization in 1995. At the same time, capital mobility was liberalized by most of the countries, especially with development of electronic money transfer. Besides, by introduction of a new European monetary unit – euro, in January 2002 has been exerted influence to international business. With regard to international business, two main forces are important: technological progress, which made global communications and transport relatively fast and comfortable, and economies in transition, which brought about opening new markets.

scholarly journals Imperfection of the World Trade Organization as a Hazard for International Business

2020 ◽  
Vol 31 (3) ◽  
pp. 358-370
Author(s):  
Krystyna Zoladkiewicz ◽  
Renata Orłowska
Keyword(s):  
World Trade Organization ◽  
International Business ◽  
World Trade ◽  
Negative Impact ◽  
Global Market ◽  
Factitious Disorder ◽  
The World ◽  
The Status ◽  
Rules And Principles ◽  
High Level

This paper examines the negative impact of the  paralysis observed in the World Trade Organization (WTO) functioning on international business. We provide an overview of the loopholes in the WTO rules and principles which became serious threats for the multilateral trading system. Our research identifies important loopholes in the MFN clause, DSB and Appellate Body. We bring clarity that the paralysis observed in the WTO functioning is a consequence of  these factors. The deviations and exceptions of the WTO rules permit the WTO members to compete “unfairly”. China is among the economies which are the most efficient in this respect. We term China’s behaviour on the global market as “economic factitious disorder”. It can be explained as permanently maintaining the status of a developing country by China and using preferences for LDCs despite a really high level of economic development. These findings indicate that the WTO lacks the mechanism to react and to prevent such abuses. They were not envisaged by the WTO creators, which suggests the need of the WTO reform. We contribute to international business research and the international organizations literature by identifying the causes of the paralysis of the WTO functioning.

Nationalism and Patriotism in International Business

2017 ◽  
pp. 33-58
Author(s):  
Duane Windsor
Keyword(s):  
World Trade Organization ◽  
International Business ◽  
World Trade ◽  
Economic Recession ◽  
Foreign Direct Investments ◽  
Global System ◽  
The World ◽  
Economic Interactions ◽  
Systematic Understanding ◽  
Zero Sum

This chapter explores nationalism and patriotism in international business, with attention to implications for diplomacy and geopolitics. Globalization increases economic interactions across national borders through exports, imports, foreign direct investments, and mergers or acquisitions. The World Trade Organization aims at making this global system of economic interactions more protection free. Nationalism is domestic emphasis placed on the country's economic, political, and strategic interests. Nationalism views international business as a zero-sum competition. Patriotism is pro-national behavior of consumers, producers, and other business stakeholders, and also calls for such pro-national behavior. Nationalism and patriotism are partly reactions – varying considerably by country – to domestic effects of this globalization, markedly exacerbated by the unexpected financial crisis and ensuing severe economic recession that emerged in 2008 and continued into 2016. The chapter draws on extant literature to develop a more systematic understanding of nationalism and patriotism.

Nationalism and Patriotism in International Business

2020 ◽  
pp. 1843-1868
Author(s):  
Duane Windsor
Keyword(s):  
World Trade Organization ◽  
International Business ◽  
World Trade ◽  
Economic Recession ◽  
Foreign Direct Investments ◽  
Global System ◽  
The World ◽  
Economic Interactions ◽  
Systematic Understanding ◽  
Zero Sum

This chapter explores nationalism and patriotism in international business, with attention to implications for diplomacy and geopolitics. Globalization increases economic interactions across national borders through exports, imports, foreign direct investments, and mergers or acquisitions. The World Trade Organization aims at making this global system of economic interactions more protection free. Nationalism is domestic emphasis placed on the country's economic, political, and strategic interests. Nationalism views international business as a zero-sum competition. Patriotism is pro-national behavior of consumers, producers, and other business stakeholders, and also calls for such pro-national behavior. Nationalism and patriotism are partly reactions – varying considerably by country – to domestic effects of this globalization, markedly exacerbated by the unexpected financial crisis and ensuing severe economic recession that emerged in 2008 and continued into 2016. The chapter draws on extant literature to develop a more systematic understanding of nationalism and patriotism.

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