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1、Lesson(1)Internationalbusinessreferstotransactionbetweenpartiesfromdifferentcountries.Sometimesbusinessacrossthebordersofdifferentcustomsareasofthesamecountryisalsoregardedasimportandexport,suchasbusinessbetweenHongKongandTaiwan.Internationalbusinessinvo
2、lvesmorefactorsandthusismorecomplicatedthandomesticbusiness.Thefollowingsaresomemajordifferencesbetweenthetwo:1.Thecountriesinvolvedoftenhavedifferentlegalsystems,andoneormorepartieswillhavetoadjustthemselvestooperateincompliancewiththeforeignlaw.2.Diffe
3、rentcountiesusuallyusedifferentcurrenciesandthepartiesconcernedwillhavetodecidewhichcurrencytouseanddoeverythingnecessaryasregardsconversionetc.Uncertaintiesandevenrisksareofteninvolvedintheuseofaforeigncurrency.3.Culturaldifferencesincludinglanguage,cus
4、toms,traditions,religion,value,behavioretc.Oftenconstitutechallengesandeventrapsforpeopleengagedininternationalbusiness.4.Countriesvaryinnaturalandeconomicconditionsandmayhavedifferentpoliciestowardsforeigntradeandinvestment,makinginternationalbusinessmo
5、recomplexthandomesticbusiness.Withthedevelopmentofeconomicglobalization,fewpeopleorcompaniescancompletelystayawayfrominternationalbusiness.Someknowledgeinthisrespectisnecessarybothforthebenefitofenterprisesandpersonaladvancement.Internationalbusinessfirs
6、ttooktheformofcommoditytrade,i.e.exportingandimportinggoodsproducedormanufacturedinonecountryforconsumptionorresaleinanother.Thisformoftradeisalsoreferredtoasvisibletrade.Lateradifferentkindoftradeintheformoftransportation,communication,banking,insurance
7、,consulting,informationetc.graduallybecamemoreandmoreimportant.Thistypeoftradeiscalledinvisibletrade.Today,thecontributionofserviceindustriesofthedevelopedcountriesconstitutesover60%oftheirgrossdomesticproductsandaccountforanincreasingproportionofworldtr
8、ade.Anotherimportantformofinternationalbusinessissupplyingcapitalbyresidentsofonecountrytoanother,knownasinternationalinvestment.Suchinvestmentscanbeclassifiedintotwocategories.Thefirstkindofinvestments,foreigndirectinvest