International Business – Terminology

  International Business: Includes all commercial transactions (such as private and governmental, sales, investments, and transportation) that take place between two or more regions, countries, and nations beyond their political boundaries Balance of Trade: The difference in value between a country’s imports and exports Balance of Payments: The difference in total value between payments into…

Essay: Problems of Modernization in Developing Nations

The economic situation which exists in the developing world today, is the result of the relationship between the modern, and developing nations of the world.  Modernized nations benefited from this relationship because it gave them access to natural resources. However, because of this relationship, many developing nations now suffer from severe problems.  These nations are…