1. Promotes open trade and economic and technical cooperation among its 21
2. Differs from other international trade alliances in its commitment to facilitating
business and its practice of allowing the business/private sector to participate in a
Chapter 01 - The Dynamics of Business in a Borderless World
1-7
3. Despite some economic turmoil, companies of the APEC have become
increasingly competitive and sophisticated in global business.
E. World Bank.
1. Also known as the International Bank for Reconstruction and Development
2. Was established by industrialized nations in 1946 to loan money to
underdeveloped and developing countries.
F. International Monetary Fund (IMF).
1. Was established in 1947 to promote trade among member nations by eliminating
trade barriers and fostering financial cooperation.
VII. Getting Involved in International Business
A. Businesses get involved in international trade at many levels, and the degree of
resources and effort required increases according to the level at which a firm involves
itself in international trade.
B. Exporting and Importing
1. Many companies first get involved in international trade when they import goods
from other countries for their own businesses. A business may first get involved
in exporting when it is called upon to supply a foreign company with a
Dostları ilə paylaş: 
