That is a good Q, in time like these I don´t know. But I guess that some kind of changes will occur after, if there will be an after corona that is of course, and it will somehow. More or less of international business ? One could guess that more of locally produce will be. Some times only due to government and safety. Can we have 3 or 5 producers of medicine (vaccine) on the planet or should we spread it even more ? Shipping food all over when we can produce it locally is better for both environment and not spreading diseases. I guess that the entrepreneurs as so many times before will come up with some after or due to this. What motivates entrepreneurs or you EntrepreneurProfileTest - YouTube or Entrepreneur profile test – Find out what motivates and drives you
We are part of the global market, and everyone depends on each other products and services. International business will continue to grow with economic growth. Thanks.
Though the impact of COVID19 is still affecting many aspects of international business, the world is still depending on international business heavily. Thus, I believe international business is like a tree that has strong roots, but some of its leaves have fallen or withered( due to COVID19), but inevitably those leaves will grow again, but perhaps in a different way and gradually.
International business is a must and as the number of people in the world is increasing from time to time and more and more countries and business organizations continue to understand its significance, it has to grow continuously. There is no choice and it has to be followed and implemented which guarantees its growth.
Desalegn Abraha Gebrekidan I think you and Mohammed R Ahmed are right. I was just wondering if governments will interfere to some points like safety reasons when it comes to being self-provided with medicine factoring for. i.e. to some extent. Taxes on specifics imports and export due to the local market. The rest, the entrepreneurs and international business will fix
Thank you very much for your comments above and when governments they consider cost, quality and other advantages and whatever actions they might consider and take they promote international business as it does benefit most of the actors in the international market.
Globalization was ordinarily taking over world market. Internet through online stimulated the global economy positively. No thanks however to Covid-19 and other uncontrollable environmental factors. This has greatly affected Trust and Movements of Scarce resources i.e Men, Material and Money.
Although it is not easy to postulate with certainty that the future of international business is promiising, there is a wide agreement among researchers of its future developments and with which strategies it has to be managed tp achieve success and growth.
You are right as the IT is changing our total mode of life it is also tremendously changing business in general and international business in particular.
As I understood it from my experience there will be more and more actors in the international market which means that it will grow continuously in the future although the level and growth of speed will vary from time to time depending on the internal and external factors.
Although it is believed that international business will grow and increase in the future, the change that will take place is in the mood of communication as the physical meeting and physical interaction will decrease to be replaced by the internet.
International business will become copetitive in the near future , and countries that are on the same path politically and economically tend to establish relations with countries that benefit them , so international business can be privatized ,and this can become a business war in the future among communities .
Thank you Desalegn Abraha Gebrekidan Mina Tavana Ahmet Boz Olutayo Kadmiel Osunsan Nasser Alhamar Alkathiri Egwu Emmanuel Makoji Stefan Lindstrom Mohammed R Ahmed for your valuable comments
As Egwu Emmanuel Makoji has answered with Globalization which has incorporated Innovations and Technology, International Business shall Grow. I agree but whatever the sitauation and developments are international has been growing continuously and since our interdependence has increased in the past and will increase continuously in thd future, as a result there is no doubt that international business will also grow and increase in the future.
Desalegn Abraha Gebrekidan and Egwu Emmanuel Makoji I agrre. But has any one thought about - Can there be any other way than , will increase continuously
Desalegn Abraha Gebrekidan Thanx, it is alright. Maybe some economic researcher might have thought about this. But as you wrote " since our interdependence has increased in the past and will increase continuously" I think we have to stick to that theory for now. Best regards Stefan L