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  • Evolution of International Business

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    ISHFAQ ASHRAF
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    International business has evolved over time, starting with increased globalization in the late 19th century as economies and societies became more integrated. The first phase of globalization occurred from 1870 to 1919, with trade growing due to industrialization. However, trade declined after World War I and between the two world wars. Following World War II, countries collaborated more by establishing institutions like the IMF and World Bank, and the GATT in 1944. This helped transition international trade to international marketing and eventually today's concept of international business.

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    International business has evolved over time, starting with increased globalization in the late 19th century as economies and societies became more integrated. The first phase of globalization occurred from 1870 to 1919, with trade growing due to industrialization. However, trade declined after World War I and between the two world wars. Following World War II, countries collaborated more by establishing institutions like the IMF and World Bank, and the GATT in 1944. This helped transition international trade to international marketing and eventually today's concept of international business.

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    23 views6 pages

    Evolution of International Business

    Uploaded by

    ISHFAQ ASHRAF
    International business has evolved over time, starting with increased globalization in the late 19th century as economies and societies became more integrated. The first phase of globalization occurred from 1870 to 1919, with trade growing due to industrialization. However, trade declined after World War I and between the two world wars. Following World War II, countries collaborated more by establishing institutions like the IMF and World Bank, and the GATT in 1944. This helped transition international trade to international marketing and eventually today's concept of international business.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 6

    Evolution of International

    Business
    Dr. S M Shaf
    Department of Business & Financial
    Studies, KU.
    Background
    • Openness to International Trade is an important
    indicator of growth of International Business

    • Integration of Economies and Societies started


    happen towards late 19th Century.

    • 1870 onwards , the First Phase of


    Globalisation till the end of world War-I in 1919
    • With Industrial Revolution in UK, Germany
    and USA, this period witnessed a good amount
    of globalisation.
    • Trade GDP Ratio was 22.1 Percent in 1913. It
    fell to 9.1 Percent in 1930s.
    • The International Trade bewteen Two World
    Wars was known as “ Beggar thy neighbour”.
    • Breakdown of Gold Standard in 1970s also reduced the
    traded openness.

    • New Institutions like IMF and International Bank for


    Reconstruction and Development ( IBRD) came into
    being.

    • The recession before and after World War II had forced


    world to come together. 23 Countries created GATT in
    1944.
    • International Trade To International Marketing

    • International Marketing to International


    Business
    Thank You

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