International Business

: Focus on India and GlobalizationGlobalization has certainly produced the economic cooperation in the midst of and among contrary countries alone e verywhere the humanity . In increase to this trade has increased in the past hardly a(prenominal) geezerhood , thanks to the influence of the World Trade brass and the zygomorphous and multilateral trade agreements between and among different countries every all over the world (Marin Verdier , 2003Multinational Companies (MNCs ) be a very important section of globalization . In fact , in for a commercial enterprise to grow exponentially it has to wrick global and take into theme the different benefits being offered by different countries all over the world . By turn global , MNCs atomic number 18 subject to supplement the technologies , labor , capital and other fa ctors of production in to enhance their competitiveness and the level of productive output (Hansen Levas , 2004There are different factors that should be considered by recognisers in to successfully manage the worldwide dimension of the credit line . This includes the structure of the organization , the at large(p) relationships , geographical locations and distance , and the competencies among the different locations of the condescension . On wear out of that , the authority of the foreign republic in which the business ope valuates should be taken into account (Hansen Levas , 2004 . By doing so , the managers will be able to analyze the viability and the sustainability of business operations in any(prenominal) given countryThis focuses on India , specifically on the strategy of the policy-making acquirement , its performance , and the operational environment . Through this analysis , business executives will be able to look at the attitude of India and analyze whethe r their business would thrive in IndiaIndia ! s Economy , political sympathies and SocietyIndia is considered as the second fastest- suppuration delivery all over the world according to Kumar (2007 . For the fiscal year 2006-2007 , the Indian providence has registered 9 .4 Gross Domestic Product (GDP ) egression rate . In addition to this , the Indian currency , Indian rupee , has been gaining against the US Dollar in the past several months .

This crop has been referable to capital investments (Kumar , 2007Several sectors such as agriculture , manufacturing and service are among the strongest contributors to the Indian prudence . Services particularly in the wor k of outsourcing of customer services and back-office support services , is a growing industry in India . The country also sends highly ball-hawking software engineers and financial services people to different countries all over the world . Other industries such as touristry , telecommunications and biotechnology among others are also contributing to the overall growth of the economy (Bosworth , Collins Virmani , 2006The economic growth of the Indian economy is due to the strategies implemented by the political relation in liberating the economy and opening it up for international trade . The government has choose a mixed approach in managing the economy of the country . The government seeks a balance between the capitalistic relieve market molding and the socialistic centrally be after model of the economy . Previously , the government had strict see over private sectors and had a tendency to nationalize major industries and...If you loss to get a full essay, order it o n our website: OrderCustomPaper.com

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