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Explain the role international business has had in the world’s development.

Explain the role international business has had in the world’s development.
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Answer #1

Following are the roles of international business in world development-

1>It creates growth opportunities for all types of countries. whether it is developing or developed

2> It helps in the creation of employment.

3>It helps in the transfer of technology and creates opportunities for further development.

4>It helps in exporting and trading by various type of goods and services by agreement like bilateral or unilateral. Examples are NAFTA, SAFTA etc

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