What Is The Role Of Globalization In International Business

Globalisation in business
• Historical development of the global economy X
• International trade berries X
• International trade agreements and organizations
• Types of international business
General Introduction
As we move towards a more integrated world, through the process of globalisation, the effects on business are many. Globalisation in business is the change in a business from a company associated with a single country to one that operates in multiple countries. Thus, the birth of transnational and multinational corporations. We can categorise the impact globalisation has had on business in two categories, that is market globalisation and production globalisation. Market globalisation includes the removal of trade barriers, a change that has made it easier for companies to sell their product internationally, while production globalisation is how companies

During this period, firms such as the British East India trading company were founded to promote trade activities, however; the multinational corporations as we know them today did not appear until the 19th century, bringing industrial capitalism and its many consequences, both positive and negative.
During the 19th and early 20th centuries, the search for resources, including minerals and petroleum as well as pressure to protect and/or increase markets drove companies to expand transnationally, at the time the companies partaking in this expansion were almost exclusively from The United States. In addition, the monopolistic concentration of large transnational corporations in major sectors, also had its roots in these years, for example, the US agribusiness giant United Fruit Company controlled 90 per cent of US banana imports by 1899, and similar examples can be found all over the industrialised