International Businesses Essay

What are the implications of these discharges for inter depicted object subscriber linees based in Britain? northwards America? Hong Kong? Over the last 30 years, there has been a shift away from a world in which national economies are comparatively self-contained entities, isolated by barriers to trade and investment, and differences in government regulation, culture, and business systems and toward a world where barriers to trade and investment are declining, cultures are converging, and national economies are merging into an integrated, interdependent global economic system. As companies from lacquer and emerging grocerys like China play a more racy role in the world economy, the dominance of companies from the United States and Western atomic number 63 has diminished. Significant implications for British firms involve their need to look beyond atomic number 63 and America for investment and opportunities. Consumer spending power is growing the most rapidly in developing co untries.British firms also face the opportunity (and the threat) of attracting Asiatic firms interested in Britain as a launch pad for the European market. For North American firms, the same holds true, although the importance of the increasing prosperity in Latin America suggests a potenti all(prenominal)y huge market in their backyard. Hong Kong, while losing its independence, is perceived as the gateway to the immense market of mainland China. While the free market freedoms Hong Kong firms have enjoyed are now slight taken for granted, access to China is improving along with the move towards a market economy within China. International businesses based in all three locations are facing new opportunities and threats.