The Future of International Business Trade

Video Case Analysis: The Future of International Business Trade
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Video Case Analysis: The Future of International Business Trade
The global economy permeates socio-economic and political discourses. The World Economic Forum is a critical organization in providing a platform for international business leaders, policymakers, and governments to optimize international trade. The global economy is quite dynamic, flexible, progressive, challenging, and equally controversial. The video illustrates the precise picture of emerging issues, bottlenecks, and opportunities in international trade. The video provides a general overview of emerging issues like technologies, private-public partnerships, and regulatory impact. The World Economic Forum provides a platform to discuss and support debate on collaborative action on international trade, investment for recovery, growth, and sustainable development. The World Economic Forum promotes stakeholders to inform policy debates surrounding critical trade and investment constituting practical collaborative steps for growth and development. Thus, the core issues at the heart of the World Economic Forum touch on trade instabilities, governance issues, regulatory and legal frameworks, trade models and policies in different countries and regions, and trade chain sustainability.
As espoused in the video, technology plays an unprecedented role in influence International business growth and development. The contemporary business environment is largely driven by technological advancement, growth, infrastructure expansion, and increased relaxation of regulatory and legal frameworks governing trade. The technological revolution has a profound influence on business, government, and the labor market. The technological advancement has provided seamless opportunities for businesses to grow in terms of enhancing the ease of doing business, expanding markets, increasing customer interactions, providing a wider choice of goods, and better handling of business operations. For instance, the emergence of technologies such as Skype and zoom has enabled business leaders and teams to interact and carry out business meetings across the world despite distance and physical barriers. This...