International Business for Transnational - myassignmenthelp.com

Question: Discuss about theInternational Business for Transnational Corporations. Answer: International business can help the sub-Saharan African countries in having positive growth of their economy along with reducing the rate of poverty. This is due to the fact that these African regions are resource rich with having abundance of natural resources. Thus, attracting the global organizations in tapping these resources will not be difficult. Thus, with the initiation of the utilization of these resources, the export will get increased, which in turn enhance the foreign reserves with these countries. These foreign reserves can be used in create favorable infrastructure for the business organizations to operate in these countries. Hence, with having rich natural resources and favorable infrastructure for business, more global organization will come in these countries (Taylor Thrift, 2013). It will help to increase the gross domestic production of these countries. With having inflow of business organizations, the rate of employment will get increase and thus the economy of t hese countries will also get increased. Moreover, with the increase in the rate of export, governments will have more funds to spend on the social welfare, which will also enhance the national economy. International business will also help to initiate rapid industrialization in these countries. With having more people get employed and increasing the purchasing power, the market potential will also get increased, which will in turn further attract more global organizations to start their operational facilities in these countries (Jenkins, 2013). Domestic industries will also thrive with having the inflow of international technologies and capital. Thus, this holistic approach of international business will help to enhance the economy of these countries along with enhancing the social welfare. On the other hand, international business will also help to optimally utilize the natural resources in these countries. With the empowerment of the common people due to international business, the poverty will also get reduced. Reference Jenkins, R. (2013). Transnational Corporations and Uneven Development (RLE International Business): The Internationalization of Capital and the Third World. Taylor, M., Thrift, N. (2013). Multinationals and the Restructuring of the World Economy (RLE International Business): The Geography of the Multinationals (Vol. 2).