Updated: Nov 1
Participation in international business allows countries to take advantage of their comparative advantage.
“Play by the rules, but be ferocious.” – Phil Knight
Outsourcing delivers international trade benefits in terms of business performance, national economic prospects, and global economic vitality.
Some importance of International Business:
Encourages economic expansion.
Increases a company's ability to compete.
Creates new employment.
Spreads cutting-edge technology.
Contribute to the nation's resources.
Promotes the interaction and enrichment of cultures.
The digital world has kept us more connected to all international businesses. Connections are becoming intense. There are many ways to give a boost to the economy.