Global Business
Global business refers to commercial activities that take place across international borders. It involves companies engaging in trade, investment, and partnerships with businesses in different countries. This can include exporting and importing goods, providing services, and establishing operations in foreign markets. Global business allows companies to access new customers, resources, and technologies, enhancing their competitiveness.
The rise of globalization has facilitated the growth of global business, driven by advancements in technology and communication. Organizations like the World Trade Organization (WTO) play a crucial role in regulating international trade and ensuring fair practices. As a result, businesses can expand their reach and contribute to economic development worldwide.