International Business Essay Example | Topics and Well Written Essays - 3000 words - 5

International Business - Essay ExamplePeople from one region within a country used to go to other regions to exchange goods. Different communities realized that there were other goods that they did not know and were available in long distances. This was realized when good deal from different regions traveled long distances in search for more resources. Word soon spread across the world and communities from different parts of the globe started to look for the different goods. in that respect were goods that were more precious. Merchants went across the world just to get those goods. Such countries included China, India, America and Europe. International headache started to blossom at that time leading to a number of civilizations. Domestic business or flip-flop is a form of business, which is confined to the borders of a country. People within that country or territory cloud goods and services within their borders. Domestic trade is usually good as it develops local infrastructur e and also plays a role in enriching its own. This form of trade is probably the oldest form of trade. It was the main type of business in many parts of the world long before, merchants started to go to far lands. On the other hand, world(prenominal) business is business between countries. In this case, merchants from different countries exchange goods for money. Different countries are endowed differently. There are several(prenominal) that are good in industries while others have resources that can be used as raw materials for their industries. The country with industries, for example, would buy raw materials from the country with those resources. Money paid to the country with the resources would be used to buy industrial goods from the industrialized country. Ideally,what is sold to another country is trade and what is received from another country is imports. The two countries benefit by acquiring what they did not have and foreign exchange (Curtin, 2002). One country can tr ade with many countries depending on its needs. Some countries have been found to import lots more than they import while others export much more than they import. Countries importing more are known as net importer countries, for example, the United disk operating systems while countries that export more are known as net exporter countries, for example, Japan. International business has assisted many countries to develop and share with others. The unique characteristic of international business is that it also boosts domestic business in some way. Use of the terms domestic business and international business has been very confusing to some people in some scenarios. For example, there are some people who may argue, since domestic business is in certain territories or countries, then in countries with responsibility government systems, the individual states experience both domestic and international trade in some way. Such people will argue that a State like California and Texas tra ding is international business. Nevertheless, different counties within California do domestic trading. According to such people, interstate trade is the same as Britain and France trading (Curtin, 2002). This theory is true, to some extent, and wrong in another way. The different states in the United States represent some form of territorial jurisdiction. In fact, some states operate very differently from others. They have their own regulations for different things and differ from others. Each state has its own governing body that is responsible for drafting and go through policies. As such, the different countries of diverse