Tools and Resources centre – Page 11

The Business of Globalization and the Globalization of Business

The new global economy of the twenty-first century has transformed the economic, social, educational and political landscape in a profound and indelible manner. It is composed of a trilogy of interactive forces that include globalization, trade liberalization and the information technology and communications revolution. Globalization has melted national borders, free trade has enhanced economic integration and the information and communications revolution has made geography and time irrelevant. The role and functions of entrepreneurship in the new global economy have taken on added significance and face compounded challenges
https://journals.lib.unb.ca/index.php/jcim/article/view/5666/10661

The Pros & Cons of Going Global With a Business

The Internet has created connections globally not only between individuals but also businesses as they expand their companies worldwide
https://smallbusiness.chron.com/pros-cons-going-global-business-40458.html

What Does it Mean to be Global?

Being—or becoming—a truly global company is a complicated and long-term undertaking. It’s a challenge, but increasingly necessary for organizations that want to compete and prosper in a business environment marked by continuing globalization.
https://magazine.ethisphere.com/what-does-it-mean-to-be-global/

Why Is Global Business Important?

The primary benefit of expanding business operations beyond your borders comes down to numbers.
https://bizfluent.com/info-7886307-global-business-important.html

Geoeconomics

Geoeconomics as a field of knowledge comes from classical geopolitics. In more specific terms, it can be understood as an extension of the sphere of geopolitics applied to international economic relations. In this sense, Geoeconomics is an unfolding of geopolitics. From a contemporary perspective, geopolitics refers to the analysis of the distribution and configuration of power in the International System and its effects on inter-state relations of international politics, as well as on the strategic morphology of the world space. Both geopolitics and geoeconomics are intrinsically linked to interstate geostrategic competition. However, Geoeconomics restricts the field of analysis of geopolitics and emphasizes the relevance of economic power as a factor of analysis. In this sense, it incorporates a special type of geopolitical competition.
JAEGER, BRUNA COELHO; BRITES, PEDRO VINICIUS PEREIRA. Geoeconomics in the light of International Political Economy: a theoretical discussion. Brazil. J. Polit. Econ., São Paulo , v. 40, n. 1, p. 22-36, Mar. 2020 . Available from <http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572020000100022&lng=en&nrm=iso>. access on 24 July 2020. Epub Feb 21, 2020. https://doi.org/10.1590/0101-31572020-2982.

Types of International Strategies

Multinational corporations choose from among three basic international strategies: (1) multidomestic, (2) global, and (3) transnational. These strategies vary in their emphasis on achieving efficiency around the world and responding to local needs.