Global Business Strategies Vincent The aftermath of World War II has seen the evolution of economic regionalism as a means for fostering foreign trade thereby economic growth of participating countries. Economic regionalism was a conscious attempt to manage the opportunities and constraints created by international economic tie-ups after World War II through institutional arrangements facilitating free flow of goods and services and coordination of foreign economic policies. It embraced free trade areas,

Chapter 1 Globalization is delineated as the socio-economic transformation and development process of eradicating trade, investment, cultural information technology, and political barriers across nations. The benefits of globalization include increased growth in the economy, political integration in various expanses, and interdependence among countries of the world. The key international institutions that facilitate globalization include the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO). To begin with,

And proof of this sad truth stands the increasing trade deficit, meaning that the United States basically imports more than it exports. The imports from Canada and Mexico for instance have grown by 173%, whereas exports grew at a more toned pace. Then, NAFTA also caused 900,000 Americans in high-paid manufacturing positions to lose their jobs. "We're not signing trade agreements to open new markets for our exports. Instead

137). Across the board, then, technological innovations will not only be a key driver of business in the coming decade, they will also facilitate the effects of the other key drivers of business discussed herein. For instance, the editors of World Economic Outlook (2002) point out that, "More trade integration is usually associated with more international financial integration, as they respond to many of the same technological and policy

It is likely that the effects of this slowdown will be negligible, therefore. The Balance of Germany's Trading Partners Germany maintains an overall trade surplus of approximately a billion dollars, exporting more goods that are produced in Germany than it imports. As the largest European economy with a still-vibrant industrial and manufacturing sector, this trade imbalance is hardly surprising-it is more surprising, in fact, that the surplus is not larger than

International Business 5 Pertinent Topics The Cultural Effect on International Business Description Political Issues Affecting International Business Description Regional Economic Integration AND INTERNATIONAL Business Description Impact of Exchange Rates on International Business Description Corporate Strategy in International Business Description An Analysis of International Business Today No one can dispute the fact that the world economy is increasingly globalizing as we move into the 21st century. As this internationalization of business grows, there is an increasing challenge being faced to deal with cultural