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Discuss the role and importance of international business for national economies. i.e. Dubai) and the international trade pattern (as per the current trends of imports and exports). Include to whom they are importing and exporting.
Importance Of International Business For The Economy
Length: 3 pages (825 Words)
Importance of International Business for the Economy
An expanding business market defines international business and shapes the global economy. No country can achieve success without conducting business. In the modern world, international business largely involves transactions made across national borders. Today, nations lead in ensuring that they improve their economies through access to the limitless opportunities in the global business environment. Dubai is among the countries that have witnessed tremendous growth due to its expanding position in international business. With this bearing, the current paper examines international businesses and their significance for national economies. The paper uses data on the current imports and exports of Dubai to highlight international trade patterns.