International Business Essay Example | Topics and Well Written Essays - 500 words - 4

International Business - Essay ExampleModern society conk out to the world of globalization and liberalization. Most of the countries changed the rules and regulations to accommodate Globalization and Liberalization. The boundaries of such countries ar open to MNCs disregarding of their origin or husbandry. But the main problem is such MNCs have monopolized the market and tenuous companies found it extremely difficult to survive in the market. The entry of MNCs mostly welcomed by the consumers since they are getting quality products at affordable prices. But the small local companies are unanimously opposing the entry of MNCs because of their inability to compete with the MNCs. Now the question is how far a government give notice open their doors for the MNCs? Can a government keep a blind eye towards the call for of small local companies? How can a government protect the interest of small local companies later signing agreements with regional handicraft blocs?Regional inte gration agreements (RIA), also known as regional trading blocs, have become one of the major international relations developments in recent years. Most industrial or developing nations belong to one or more(prenominal) RIAs, and there are many. It has been said that more than one third of all world trade takes place within RIAs and that percentage increases daily. The merits and demerits of foreign culture will be induced through the MNCs which will be a threat to the usage and culture of the country.