INTERNATIONAL BUSINESS

DEFINITION The term "international business" refers to all those business activities which involve cross border transactions of goods , services, resources between two or more nations.

International business comprises all commercial transactions (sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundaries.

WORLD BANK

• The world bank is an international financial institution that provides loans to developing countries. The world bank is a component of the world bank group, which is part of the united nations system. The world bank`s official goal is the reduction of poverty.• It comprises two institutions :• A) International bank for reconstruction and development(IBRD)• B) International development association (IDA)

• Established : July, 1945•Headquarter : Washington D C•Motto : working for a world free of trade• Purpose : crediting• Key people : Jim Yong Kim•Membership : 183 countries

ROLE OF WORLD BANK IN INTERNATIONAL BUSINESS

Eradicate Extreme Poverty and HungerAchieve Universal Primary EducationPromote Gender EqualityReduce Child MortalityEnsure Environmental SustainabilityDevelop a Global Partnership for Development

INTERNATIONAL MONETARY FUND

It was established to promote international monetary corporation, exchange stability, and orderly exchange arrangements; to faster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustments.

Established : 27 December,1945Headquarter : Washington D CMembership : 188 countriesKey people : Christian lagardeOfficial language : English Purpose : Promote international monetary cooperation

ROLE OF IMF IN IB

• Promote exchange stability• Technical assistance and economic training• Loans to Country’s with financial crisis• Economic Surveillance• Facilitate the expansion and balanced growth of international trade• SDR (Special Drawing Rights)

WORLD TRADE ORGANISATION

•World trade organization is an international organization that deals with the global rules of trade among nations and ensures that trade flows as smoothly, surely and freely as possible.

• Established: 1st January, 1995•Headquarter: Geneva, switzerland•Members: 162 as on 15th april,2015• Purpose : Regulate international trade• Key people : Roberto Azevodo•Official language : English, Spanish, French

ROLE OF WTO IN INTERNATIONAL BUSINESS

Helps to run smooth and fair operationsHelps to solve trade disputesTrade without discriminationLowering trade barriers through negotiationsPromote fair competitionStimulate economic growth and employment

JAGANNATH…

Thank you…