International Business Essay Example | Topics and Well Written Essays - 750 words - 9

International Business - Essay Example Starbucks currently desired to expand its international operation to obtain 20,000 international stores worldwide in the near future (Annual Report: Starbucks, 2006). A company can obtain market penetration is hot market to expand its customer base or find a developing nation such as China to establish manufacturing operation or importing activities to obtain significant cost savings in materials and supplies needed to lower company expenses. India is a country that high levels of export of professional services in IT services and other administrative work (Country Insight, 2007). The entire country has a business community with a model based on exporting of professional services and a research and development platform that will bring greater innovation and research findings to achiever greater level of international business activity. One of the most powerful organizations that regulate the trade among nations is the World Trade Organization (WTO) which has 151 member countries (Wto , 2007). The world economy turn into an interlocked internation business driven system since the globalization movement started and it was further enhanced with information age, internet age and the current economic era the world is living in the convergence are. Greater communication systems allowed business unity and access to customers worldwide facilitated by high speed internet networks. The biggest players in the international business word are corporation doing business activities in G8 countries. The biggest fastest growing economy which is the epicenter of powerful business industries such as the apparel business in which obtain a 50% market share of the world’s apparel industry is China which is the epicenter for light manufacturing operations worldwide. The currency of a country is the monetary unit that supports the national economy and is utilized for interchanged and completer buyer / seller transaction as well as other financial function such as