Trends in international business
Explain three important trends which have prevailed in the international business during last two decades.
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Year 1980 has brought a swift integration of the international capital and the financial markets. Introduction of the globalized financial markets originally started from the governments of some important countries which had deregulated their capital markets and foreign exchange. Economic integration and globalization which is started in eighties is making speed in the 1990s through privatization, which is the process through which, a country deprive itself of ownership and the operation of business enterprise by turning it to the system of free market. At last, economic integration and trade liberalization continued to advance at both the global and regional levels.
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