The Evolution of International Business

The Evolution of International Business

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The Evolution of International Business

International business has undergone significant changes over the past several centuries. In the past, international trade was primarily conducted by governments and large multinational corporations. However, in recent years, advances in technology and changes in the global political and economic landscape have led to the emergence of small and medium-sized enterprises (SMEs) as major players in international trade.

In the 19th and early 20th centuries, international trade was primarily conducted through colonialism and imperialism. European nations, such as Britain and France, established colonies in various parts of the world, including Asia, Africa, and the Americas, and used these colonies to extract resources and exploit labor. This period also saw the rise of large multinational corporations, such as the British East India Company, that wielded significant power and influence in international trade.

After World War II, there was a shift towards decolonization and the emergence of newly independent nations. This led to the formation of the General Agreement on Tariffs and Trade (GATT) in 1947, which aimed to reduce tariffs and other barriers to trade and promote free trade among its member countries. This was followed by the formation of the World Trade Organization (WTO) in 1995, which continues to play a crucial role in promoting and regulating international trade.

In the last few decades, there has been a significant increase in the number of small and medium-sized enterprises (SMEs) engaged in international trade. This is due in part to advances in technology, such as the internet and e-commerce, which have made it easier and more cost-effective for SMEs to enter global markets. Additionally, the increasing globalization of production and the outsourcing of manufacturing to developing countries have also made it easier for SMEs to participate in international trade.

The 21st century, the increasing use of digital technology and e-commerce has facilitated cross-border business activities and made it easier for small and medium-sized businesses to enter the international market. Furthermore, the internet has enabled businesses to reach a global customer base and has enabled new forms of international business, such as online marketplaces and digital platforms.

As the world economy continues to globalize, international business is likely to become even more important in the future. Businesses of all sizes will need to be able to navigate the complexities of the global economy and be able to compete in international markets. Governments and international organizations will also need to work to create a supportive environment for international trade and to address issues such as intellectual property rights and cross-border data flows.

In conclusion, international business has undergone significant changes over the past several centuries, from colonialism and imperialism to the emergence of small and medium-sized enterprises as major players in international trade. Advances in technology, changes in the global political and economic landscape, and the increasing globalization of production have all played a role in shaping the evolution of international business. As the world economy continues to globalize, international business will become even more important in the future.

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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