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Introduction
International trade shapes our everyday lives and the world in which we live. Whether we realize it or not, nearly every time we make a purchase we are participating in the Global Economy. Products and parts of products come to our store shelves from all over the world.
As its volume has increased, trade has become more important to the economic well-being of many countries. For example, in the early 1960s, the United States bought less than $ 1 billion of foreign cars and parts. By the late 1980s, this figure had increased to more than $ 85 billion. During the same period, financial ties between the United States and the rest of the world also increased significantly. The number of foreign banking offices operating in the United States rose from fewer than 40 to more than 800, and the amount of money foreigners invested in U. S. companies, assets and real estate-called direct foreign investment-was 20 times greater in 1990 than in 1970. Gross transactions of longterm U. S. government securities by foreigners rose from $ 144 billion in 1978 to $ 5.6 trillion in 1991. Since 1950, the costs of international transportation and communication have been drastically reduced, making it easier to conduct business across borders. The economies of many countries have become more closely tied together than ever before. As its volume has increase, trade has become more important to the economic well-being of many countries.
The purpose of this White Paper is to educate and inform Level A and B executive decision makers who are seeking to expand into Global Markets. The timing and implementation of a global move into
International Markets renders business opportunities that have never existed before.
We seek to present a logical and impassionate call to arms for the case of helping your company to realize considerable profits when you consider a prompt move towards“ internationalization.” We sincerely hope that you will consider the prospect of reaping the unquestioned benefits of international trade; and will embrace the challenge of developing a strategy for entry into international markets.
Raj Luhar Chief Executive Officer Globex Holdings, Inc.