Trade and international business

ANA
Since the beginning of economic activity, human beings have been interested in
exchanges. More than 10,000 years ago, people were already practicing bartering.
They exchanged goods according to what it produced and what interested them. At
first, the exchanges were between members of the same people. However, as
societies advanced and mobilized, trade spread.

MONICA
It is an interdisciplinary branch that combines several social and economic
sciences, to analyze and understand the rules that govern the exchange of goods,
services and investment between countries; as well as the interaction of the
various factors that influence the internationalization decisions of companies.

ANA
International trade and business are capable of identifying, designing, applying and
evaluating business opportunities, intercultural negotiation techniques and
international logistics strategies with a high commitment to business ethics and
sustainable development.
MONICA
They also participate in the development of the exportable offer of the country or of
a particular company, They propose strategies, They identify the costs associated
with the design of a product export plan, They carry out quantitative and qualitative
research in the area of international trade relations .
ANA
Here in Panama we have one of the advantages of having colon-free sound that
easily connects us with the rest of the world, as well as the channel that provides
us with a large majority in this matter and thus we have many more in our country.
MONICA
THE KEY TO SUCCESS IN INTERNATIONALIZATION, IN KNOWING TO
ANTICIPATE THE ADVANTAGES AND DISADVANTAGES OF INTERNATIONAL
TRADE.
Advantage:
• Improve our competitiveness: expand the limits of our market.
• Generator of employment: If we look at foreign companies with which we will
have to collaborate to carry out our internationalization strategy.
• Attraction of new investors.
• Greater efficiency, greater benefits: If we manage to execute the three previous
points in a profitable manner, it seems inevitable that we will improve the
competitiveness of our company and, therefore, profits will increase.

ANA
Desventajas:
• Costs derived from licenses and other regulations: Crossing borders also means
changing laws and regulations on our products.
• Language can be a trap: Thinking globally also means thinking that there are
many other languages in the world to communicate with.
• Patience is key: You cannot bet on an international trade strategy expecting to
make a profit in a short period of time.
MONICA
Factors that influenced the growth of globalization in international business
There has been a growth in globalization in recent decades, due to at least the
following eight factors:
• Technology is expanding, especially in transportation and communications.
• Governments are removing international trade restrictions.
• Institutions provide services to facilitate the conduct of international business.
• Consumers want to know about foreign goods and services.
• Competition has become more globalized.
• Political relations have improved between some of the major economic powers.
• Countries cooperate more on transnational issues.
• Cooperation and agreements between countries

ANA
• The classical economists of yesteryear had concluded that trade between
countries benefited everyone in general. Subsequently, it was determined that
what had been conceived was not entirely true, but rather that international trade
benefited developed countries much more than undeveloped ones.
• On the other hand, it cannot be denied that trade has several advantages and,
among them, we have that: by increasing the quantity produced to satisfy a wider
market, average costs will decrease
MONICA
• Finally, international trade, regardless of the criticism against it or the praise in its
favor, is a vehicle for cultural integration and the establishment of more affective
diplomatic relations between the countries that participate in it, as well as making it
possible for a country imports those goods whose internal production is not
sufficient and are not produced