When do we call, business, an International Business? International business refers to the trade of goods, services, technology, capital, and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries. Some of the most common ethical issues in international business include outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity, supervisory oversight, human rights, religion, the political arena, the environment, bribery, and corruption. The scope of an international business is that it conducts transactions of goods and services at a global scale. International businesses are large and employ a large number of people. The businesses are foreign currency earners for the countries they are based in. The theory of international business also called the Heckscher-Ohlin theory; the classical, country-based international theory states that countries would gain a comparative advantage if they produced and exported goods that required resources or factors that they had in great supply and therefore were cheaper production factors.

Prachi Garg

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