Three possible levels of engaing in international trade

International business involve transaction across national boundaries; i. e. business dealings involving partners or transactions from different countries. The globalize start of contemporary business world have the need for creating an atmosphere for international trade. This is adduced to the increase rate of information dissemination and improvement of technology such the internet and means of transportation. According to Grimwad (2000) “A major cause of the growth in output has been the rapid growth of world trade.
Throughout this period, world trade consistently grew faster than world output. This, in turn, was the result of a major increase in the degree of international specialization between countries. An increase in the degree of specialization would result in an increase in world trade even with no increase in world output”. International trade can take three dimension: 1. through activities multinational corporations 2. through global financial institutions 3. through the exportation and importation of goods
The activities of multinational corporations expands across their parents home country to other countries which host them. In the course of expansion of business as result of increase capital outlay, some business organization transform to Multinational Corporation, where they invest in other countries and establish a new outlay of their business. Such transaction involves the maximization of profits from the subsidiaries organization and repatriating it to the parents country where the main establishment is situated.

Example of organizations operating as multinational corporations include: Shell BP; with many organization branches in oil producing nations like Saudi Arabia, Nigeria, Libya etc. McDonalds company; it have many eatery organizational branches in over 100 countries. Hilton International; having hotels pning across many countries. These are few among many multinational corporations Another form of engagement in international trade is through the utilization of services of global financial institutions.
In order to partake in international business transaction the support of International financial institutions are required to ease the mode of transacting business. International Financial institutions like World Bank And International Monetary Fund (IMF), have greatly supported international Business and encouraged governments of different countries to adopt free trade and open economy to allow the growth of international trade. So utilizing the services of these International financial institutions are an avenue of dealing in international trade and transactions.
The third form of engaging in international business is through the importation and exportation of goods and services. Many business organizations import raw materials from other countries and finished goods and even services of specialized form. And also some organization engage in the exportation of finished goods or raw material, and some times services to consumers and buyers in other countries this has promoted the activities of business transaction especially at the global level.
REFRENCE Grimwade, Nigel (2000), international Trade: New Patterns of Trade, Production & Investment. London: Routledge p1.

Don't use plagiarized sources. Get Your Custom Essay on
Three possible levels of engaing in international trade
Just from $13/Page
Order Essay
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Order your essay today and save 25% with the discount code: COCONUTPlace Order
Live Chat+1(978) 822-0999EmailWhatsApp