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International Management
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- International Business includes transactions across national boundaries involving capital, human resources, technology, and raw materials.
- International management involves coordinating activities across nations to achieve organizational goals, adapting practices to different contexts.
- Multinational corporations (MNCs) operate in multiple countries with diverse managers and owners, earning more revenue internationally than domestically.
- Globalization integrates economies through increased trade, capital flows, and migration, facilitated by technological advancements.
- Arguments for globalization include poverty reduction, improved worker salaries, but also concerns about inequality and growing wealth gaps.
- Regional trade blocs like EU, NAFTA, ASEAN, and MERCOSUR aim to eliminate trade barriers, promote free trade, and enhance economic cooperation.
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