Conceptualizing the scope of International Business Management

Main Article Content

Winayaporn Bhrammanachote

Abstract

This paper presents the scope of international business management, its definition, and its importance. International Business refers to any business events that cross national boundaries such as the movement or the transfer of goods, services, capital, personnel, or technology. International business involves two main activities including international trade and international investment. International trade theory includes five main theories: mercantilism, absolute advantage, comparative advantage, Heckscher-Ohlin Theory, and the product life-cycle theory. Whereas international investment includes globalization, strategic alliances, and mergers and acquisitions. International business helps in increasing the employment opportunities, national income, and the standard of living of people.

Article Details

How to Cite
Bhrammanachote, W. (2018). Conceptualizing the scope of International Business Management. Rajabhat Maha Sarakham University Journal, 12(2), 33–41. retrieved from https://so05.tci-thaijo.org/index.php/rmuj/article/view/247794
Section
Academic Articles

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