Explain the economic and political environment which effect international business.
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Explain the economic and political environment which effect international business.
Step by step
Solved in 2 steps
- Identify and briefly explain the reactive and proactive reasons for international business involvementWhat are the legal and ethical considerations in international business transactions, such as cultural differences, corruption, and intellectual property rights?Examine the relationship between international business and international trade.
- Discuss key political and economic risks and the role of corruption in conducting international business.analyze whether national governments should intervene in the International Trade markets.What aspects of the political and legal environment influence a firm’s decision to enter a foreign market? Why are human rights issues important to firms in their decisions to enter global markets?
- Explain the economic basis for international business.Discuss how differences in legal and political environments can affect organizations conducting business internationally. What are some of the risk factors business must account for when operating internationally?What are the Global, legal political environment impact international business?