International Business Essay Example | Topics and Well Written Essays - 2750 words - 2

International Business - Essay Example Apart from the fact that most countries wanted to protect their sovereignty and independence, there were other factors that Hill (2009) noted as being a cause to reasons countries were not opening up to each other in terms of trade. Some of these factors have been named to include geographic distance, time zone differences, language, differences in government regulation, culture, and business systems. With time, there seemed to be two major causes of trade revolution, which was going to lead to an eventual state of international trading opportunities for most countries. The first of this was the fact that most of the factors listed by Hill (2009) seemed to have had their solutions. For example there became more rapid means of transport cross geographic learnt and the learning of foreign languages increased (quote). The second issue was that countries started appreciating the benefits they would derive from trading freely among themselves (quote). Today, trade liberalization seem to b e a more popular and preferred term to sovereignty. As countries started opening up their doors to each other for international trading to begin, the need to ensure that such international trade were taking place in a state of perfect organization of trade was necessitated. Quickly, technology would be employed for most of the processes and acts of international trading, making integration, regularization of trade and non-physical commerce even easier. At the point that technology was merged into international trade was the point that quote (year) argues that the wake of globalization was born. In this essay there is a discussion on globalization, which is today used as a term not only to define the notion that countries trade among themselves but that countries are now moving towards a world in which national economies are merging into an interdependent global economic system. By global economic system, reference is being made to the fact that the kind of economic relations