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We the people of the 21st Century reside in a world in which the worldwide boundaries which existed previously remain in the process of ending up being a nullity. The few boundaries that do exist are merely shallow and limited to sensitive national issues. But, the financial walls in between countries have actually been collapsing given that the commercial transformation. This phenomenon is because of the paradigm shift in National policies of numerous nations from being conservative to being extreme. There has been such an expansion of interaction that it would not be exaggeration to state that the entire world is simply one nation in regard to economy.
But the main catalyst for this process is the ultra-progressive advancement of technology in the last 2 centuries, particularly in the last 5 decades.
The lightning speed pitch perfect efficiency and wide reach of electronic communication allows instantaneous information transfer for sales, marketing, manufacturing and outsourcing growing distribution networks, supply chains, and transportation hubs simplify the movement of products.
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The broad networks of worldwide financial institutions reduce currency issues.
This is why people living in India can work for companies in the United States with a simple workstation and a good phone network. Business is no longer a plant that can stay rooted to a spot and be alive, but a virus that has to spread to live. It can be safely assumed that a business involving import and export is tons more profitable than an intra nation business. This gargantuan reach of business in has to be managed by an adequate workforce, both in terms of quality and quantity.
Thus, international business as a subject of study, will lay a strong foundation of professional workforce on which successes are built to last.
Why Study International Business?. (2016, Nov 06). Retrieved from https://studymoose.com/why-study-international-business-essay
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