International Business for Market Globalization- myassignmenthelp

Question: Discuss about theInternational Business for Market Globalization. Answer: Dimensions of Market Globalization: The case study video The new global challengers talks about the changes in the business process due to globalization. This has resulted in huge growth in cross border trade. The video explains about the key dimensions of market globalization which are as follows: Integration and interdependence of national economies: Achieving financial stability and economic growth is one of the major challenges facing countries today globally. The process of globalization or the integration of economies worldwide has become easier due to movement of good and services across border. Technological advancement has made it easier to complete trade and financial flows. Globalization has given people the opportunity to tap into diversified markets and this has facilitated growth and interdependence of economies (Surugi Surugiu, 2015). Hence, supported by the process of globalization, unprecedented growth in international trade has occurred and each country is dependent on another for goods or services. Rise in regional economic integration blocs such as the European Union: Regional economic integration is also an element of globalization. For example the development of trading blocs like European Union has increased the movement of labor and capital. Trade among EU member countries is high and they follow single monetary policy for trade and business However, such trading blocks can also create between parties competing for regional interest (Pettinger 2017).. Increase in global investment and financial flows: Due to the greater interconnectedness of global market and advanced communication process, new investment opportunities have increased. Hence, it has become easy for market analyst to identify risk and opportunities in business and create positive relationship with countries through growth in trade and investment. It also comple interconnected economied to go on investing to get more profit and maintain economic stability in trade (Chapter-1 : The New Global Challengers, 2017). Reference Chapter-1 : The New Global Challengers. (2017).YouTube. Retrieved 13 September 2017, from https://www.youtube.com/watch?v=0NRDh5VHQo8 Pettinger, T. (2017).Trading Blocks and Globalisation | Economics Help.Economicshelp.org. Retrieved 13 September 2017, from https://www.economicshelp.org/blog/1019/economics/trading-blocks-and-globalisation/ Surugiu, M. R., Surugiu, C. (2015). International Trade, Globalization and Economic Interdependence between European Countries: Implications for Businesses and Marketing Framework.Procedia Economics and Finance,32, 131-138.