The paper examines the present day challenges of international trade in goods and services analysing the needs of the business environment, i.e. the investment in research and development (R&D) on a global and domestic scale, investment in knowledge, economic theories on world trade, etc. The pharmaceutical industry of Germany is described focusing on its contribution to the worlds' pharmaceutical progress.
The paper examines political strategies in creating opportunities for business in Asia Pacific region describing socio-cultural features of the region with an emphasis on Korea and Japan, and assessing the role of free trade agreements from political and economic perspectives.
The paper examines the concept of globalisation providing a review of its definitions and focusing on the economic globalisation. Literature is reviewed on the agencies that have contributed to globalisation, "Europeanisation" and "westernization" including IMF, the World Bank, etc. The role of free trade in globalization is argued; the influences of globalization on the tourist industry are explored.
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