Modern aspects of international business development in the conditions of globalization

Abstract

Introduction. The paper considers the basis of international business development at global stage of internationalization. The paper emphasizes the shift of international business`s motives and forms concerning the innovative globalism. Analysis of the development of international business in the context of international management is covered in the works of В.А. Cherevatenko, K. Asvazappa, O.V. Mykhailovska, S. Robokk. In general, the issue of major trends and problems of international business is given much attention around the world. The purpose of the paper study of modern aspects of international business and new signs of social reproduction as a result of the impact of globalization. Results. In Ukraine, international business is only at an early stage of development. The country seeks to become a full partner in the world and European communities, and this requires the expansion and strengthening of international economic activity. Another distinctive feature of international business is that it is affected by many circumstances, including differences in language, geography, exchange rates and changes in the economy. The main forms of international business include: exports, imports, licensing, franchising, management contracts, turnkey contracts, joint ventures, foreign investment. Conclusion. Real globalization is characterized by the fact that international economic relations have covered almost all countries of the world and each of them depends on international business. The consequences of this are twofold: on the one hand, the country can enjoy all the benefits without feeling the negative consequences of the lack of certain resources, opportunities.