Presentation on
the Impact of International Business on the world
economy and social communication
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Contents
• Introduction
01
• Reasons for Choosing this Topic
• Background Information
• International Business
02
• International Business Impacts on the World Economy
• International Business Impacts on Social Communication
• Summary of the Research
• Recommendations
03
• A Brief Reflection on this Essay Writing Process
• Conclusion
• References
01
Introduction
Ø International business has become a necessary aspect of the world economy that
impacts economic growth, international trade, and investment worldwide.
02
Reasons for Choosing this Topic
01
ü To understand the economic and social impacts of international business
ü To know opportunities and challenges for expansion business globally
02
ü To identify the social impacts of the international business
03
ü To identify the economic impacts of the international business
03
Background Information
Ø This research can give an overview of the opportunities and challenges driven by
globalization, and that can be helpful for policymakers and businesses to make
appropriate decisions that simplify sustainable and equitable economic growth.
04
International Business
Definition
Ø Refers to all the business activities happening worldwide such as promoting
goods, services, resources, technologies, people, and ideas over national
boundaries.
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International Business
The Benefits of International Business
Ø International business simplifies to take the comparative advantage
Ø The sufficiency of the resources helps to achieve economies of scale
02
Ø The ability of specialized expertise and abundant factors of production
Ø Drive innovation and competition in the market
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06
International Business
The Growth of International Business
Ø The establishment of the World Trade Organization
Ø The innovation of electronic fund transfers
Ø The formation of the European Union
02
Ø The technological development that simplifies global transportation and
communication
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Ø The formation of the banking sectors
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International Business
The Challenges of International Business
Ø Inequality of national wealth
Ø Cultural Barriers and regional diversity
Ø Legal and regulatory factors
02
Ø Language barriers
Ø Supply chain management
03
Ø Currency Fluctuations
Ø Political and economic instability
08
International Business Impacts on the World Economy
01
Trade
Investment
02
International
Business
03
Technologica
Economic
l Innovation
Disruptions
Income
Inequality
09
International Business Impacts on Social Communication
01
02
Cultural
Exchange
Social
Language
Media
Learning
Internationa
l Business
03
Cross-Culture
Business
Communication
Etiquette
10
Summary of the Research
Ø
Making easy the exchange of goods and service
Ø
Creating new jobs and leading innovation
Ø
Increasing economic growth
Ø
Promoting cultural exchange
11
Recommendations
Developing Cultural Efficiency
Focusing on the Sustainable Business Strategy
Developing Technology
Building Strong Relationships
12
A Brief Reflection on this Essay Writing Process
Research
skills
Business
Critical
related
thinking
information
Writing Process
Included
Data analysis
skills
Creative
writing
abilities
13
Conclusion
Ø
01
The impact of international business on the world economy and social communication is beyond description. International
business is now part and parcel of the global economy.
Ø
The policymaker should identify the challenges and threats of international business on the global economy and social
communication so that initial steps can be taken.
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03
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References
Bennett, R. (2019). International business. London: Financial Times Management.
Blažek, L. (2020). Sustainability of a shared economy. 11th GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES, 11(1), pp.59–59.
doi:https://doi.org/10.35609/gcbssproceeding.2020.11(59).
KURSAD OZEKIN, M. (2019). GLOBALIZATION AND ITS IMPACTS ON INTERNATIONAL DEVELOPMENT: A LONG-TERM HISTORICAL
PERSPECTIVE. Globalization and Business, 4(7), pp.49–58. doi:https://doi.org/10.35945/gb.2019.07.006.
McCarty, W., Kasoff, M. and Smith, D. (2000). The importance of international business at the local level. Business Horizons, 43(3), pp.35–42.
doi:https://doi.org/10.1016/s0007-6813(00)89199-5.
Mokhtar, N.M. (2017). Social Media Communication and their Contingency Impacts on the Sustainability of Organization Performance and Practices.
International Journal of Academic Research in Business and Social Sciences, 7(11). doi:https://doi.org/10.6007/ijarbss/v7-i11/3524.
Petrie, A. (1976). Teaching the Thinking Process in Essay Writing. Journal of Basic Writing, 1(2), pp.60–67. doi:https://doi.org/10.37514/jbw-j.1976.1.2.06.
Richter, N.F. and Hauff, S. (2022). Necessary conditions in international business research–Advancing the field with a new perspective on causality and data
analysis. Journal of World Business, 57(5), p.101310. doi:https://doi.org/10.1016/j.jwb.2022.101310.
S.V, R., Velmurugan, J.S. and Suryakumar, M. (2022). Green Entrepreneurs Challenges and Innovation: The Struggles They Face. International Journal of
Professional Business Review, 7(2), p.e0482. doi:https://doi.org/10.26668/businessreview/2022.v7i2.482.
Teagarden, M.B. (2015). Globalization Challenges and Controversies. Thunderbird International Business Review, 57(2), pp.85–86.
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Teagarden, M .B. (2016). Business Growth in Em erging M arkets. Thunderbird Inter n a t i o n a l B u s i n e s s R e v i e w , 5 8 ( 2 ) , p p . 1 0 1 – 1 0 2 .
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Toivola, T. (2018). Sharing Economy Startups: New Wave of Networked Business Models in the Changing World. JOURNAL OF INTERNATIONAL
BUSINESS RESEARCH AND MARKETING, 3(4), pp.12–19. doi:https://doi.org/10.18775/jibrm.1849-8558.2015.34.3002.
Trad, A. and Kalpić, D. (2015). The Business Transformation Framework for Managers in Business Innovation Transformation Projects. International Journal
of Human Capital and Information Technology Professionals, 6(4), pp.22–45. doi:https://doi.org/10.4018/ijhcitp.2015100102.
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Thank you