International business is the buying and selling of goods and services across national borders or territories, allowing both the buyer and seller to expand their markets for goods and services that otherwise may not be made available to them. International business is a term used to collectively describe 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 boundary.
Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, people, etc., for international production of physical goods and services such as finance, banking, insurance, construction, etc.
The Dictionary of International Business has undergone a major update and expansion. More than 4,000 key terms related to in legal systems, political systems, economic policy, accounting standards, living standards, local culture, corporate culture, foreign exchange market, tariffs, import and export regulations, trade agreements, climate defined clearly and concisely. This Dictionary presented in alphabetical order provides understandable explanations of terms and phrases commonly encountered in banking and finance. It also includes abbreviations and acronyms.
This dictionary is designed to provide a useful, reliable and readable guide to exporters, researchers, analysts, policy makers and all those who are interested in the International Trade. Both beginners and seasoned professionals will find it full of indispensable facts.