Since the end of World War II, globalization has steadily increased with rapid expansion around the turn of the 21st century. What are some of the forces driving globalization and international business? What are some of the challenges of engaging in international business compared to doing business in your home country?

ENGR.ECONOMIC ANALYSIS
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Since the end of World War II, globalization has steadily increased with rapid expansion around the turn of the 21st century.

What are some of the forces driving globalization and international business?

What are some of the challenges of engaging in international business compared to doing business in your home country?

Expert Solution
Step 1: Defining International Business

International business implies the commercial activities that involve the exchange of products, services, technology, or capital between countries and across borders. It encompasses a wide range of economic transactions and interactions that extend beyond a company's domestic market to engage with global markets, customers, suppliers, and partners. 

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