Lecture on Globalization and International Business

The broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations. It is the process of growing interdependence among countries. International business comprises all commercial transactions (private and governmental, sales, investments, logistics and transportation) that take place between two or more regions, countries and nations beyond their political boundaries. International business means any cross border transactions; any business transaction that cross the boundary, that is, transaction between two enterprises or two countries.