International Business Network
is intended for all SCU MBA students and alumni who are interested in learning
and exchanging views on international business and pursuing a career path in
International Business.
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What is International Business?
The world is undertaking a process of globalization in which geographical areas
become more and more interdependent. Part of this globalization process is led
by increasing cross-country business: higher cross-country trade and
investment. As a result, what happens in the United States depends more and
more on what happens in other areas in the world such as the Far East, Russia,
Europe and Southern America. This is especially true for business: firms cannot
ignore the growing international dimension of business.
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| International Business
(IB) is the interaction in the global economy of consumers, companies,
financial institutions and governments. It is any business transaction that
involves parties from two or more countries. These transactions can take
various forms and can involve different kinds of participants. International
business activity can be traced back thousands of years. Many of today's major
international trading patterns have evolved over several centuries. Colonial
powers exercised by Britain, Spain, Portugal, France and Germany have
influenced the economic development of many of today's nations. During the
1950s the United States dominated the global economy. In the 1990s, global
marketplaces and global industries became more diverse. IB prepares one to
understand and participate in worldwide production and distribution activities.
It is the study of domestic, international, foreign business environments and
of business practices and problems related to them.
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