Starting in ancient times and moving forward to the present day, our desire for goods from distant lands has linked cities and states together, and driven them apart. The narrative angles nearly every corner of the globe, while the purpose of Wilds book “International Business the Challenges of Globalization” is to provide the reader with insightful information on the history of international trade, business, geopolitics, and its impact the world. The purpose of this to narrative is to demonstrate the evolution and interconnectedness of global economics through the means of trade, business, and geopolitics while leaving its impression on the development of a globalized society we know of today. I have chosen to write about chapter one “Globalization” because of its impact on businesses worldwide. Through the process of globalization we are able to enjoy products made in distant ...view middle of the document...
According to the book, international business is defined as “any commercial transaction that crosses the boarder of two or more nations”. International business is a product of globalization that has allowed for business to operate on foreign soil, usually in order to cut costs, pass the savings onto the consumer, and shareholders. It also allowed for businesses to sell products in various countries, and opened up a vast untapped market of consumers as well as producers of products. Falling borders is another key driver of globalization, such as with the fall of communism has allowed the post-communist countries to participate in the global economy.
The book's rhetoric conveys that we are all wealthier as a result of free trade allowing for economic specialization and sharing of resources based upon the concept of wealth. It is an excellent analysis of the history of worldwide commerce. Few today realize the scope of international trade from pre-history through the early modern era. Globalization is the end result of human desire to interact with one another on a global scale. I chose to write about globalization because it is the key driver of international business. Without a globalized world that’s interconnected, and economically driven as a whole, international business would not be possible. In the past humans have sought faster, more efficient trade routes as a desire to cut costs, time and energy based on the need acquire new materials to buy or sell in order to achieve a better economic profit. More recently technology has added a new dimension to globalization adding speed and efficiency to trade and transactions, allowing the globe to interact in ways like never before. Globalization is a consequence that began as a result of trade, centered on the human desire to explore the outer limits of the biosphere.
Wild, John J., Kenneth L. Wild, and Alverne Ball. International Business: The Challenges of Globalization. 8th ed. NJ: Prentice Hall, 2015. Print.