Daffodil International University

Faculties and Departments => Business Administration => Business & Entrepreneurship => BBA Discussion Forum => Topic started by: bidita on September 23, 2010, 09:08:15 PM

Title: Global business law
Post by: bidita on September 23, 2010, 09:08:15 PM

Global business refers to international trade whereas a global business is a company doing business across the world. The exchange of goods over great distances goes back a very long time. Anthropologists have already established long-distance trading in Europe in the Stone Age. Sea-borne trading was commonplace in many regions of the world in times predating Greek civilization. Such trade, of course, was not by definition "global" but had the same characteristics. In the 16th century all of the continents came to be routinely linked by ocean-based communications. Trading activity in the modern sense rapidly followed at the beginning of the 17th century; it might be more accurate to say that it "returned" again because trading of such character had taken place in Roman times as well.

It is not intended here to discuss another and related subject covered separately in this volume: globalization. Globalization is a long-standing program advocated by the economically advanced nations to free up international trade across the globe through treaties. It has also come to mean the relocation of production or service activities to places that have much lower labor costs. Global business in the past—or currently—does not require what advocates of globalization seek, namely a so-called level playing field. International trade has always had a mixed character in which national organizations and private enterprises have both participated, in which monopolies have been imposed, frequently defended by armed forces, in which all manner of restraints and tariffs have been common and participants have made all sorts of efforts to counter such interference or to profit from it



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Title: Re: Global business law
Post by: Jalal on October 05, 2010, 04:07:40 PM
Thanks for ur posting.
We  live in a globalization age.
To do business in this globalization era,Business men have to know the Global Condition & Situation, the environment.

Title: Re: Global business law
Post by: Al Mamun Bhuiyan on October 07, 2010, 07:47:16 PM
Thank you ,Bidita for sharing this matter .Globalization helps to do the international business and commerce.Market monopoly will be reduced if globalization remains in the world.
Title: Re: Global business law
Post by: Didar_BBA on October 08, 2010, 11:29:59 AM
Excellent redistribution