Chapter 1, Problem 4TAI2

Summary Introduction

To Determine:

If the national governments will grow more or less important to international business in the future.

Introduction:

Globalization is the process which allows a business to go beyond its territorial boundaries. In other words, globalization is an integration of international businesses. Globalization affects culture, sovereignty and physical environment of nations. Hence there is a need for the government to upgrade its policies in order to tune up with the globalization.