The paper “ International Business - the Strategy of Joint Venture Implementation” is an earnest example of a business essay. With the sunrise of industrialization and globalization, the pace of international business enhanced to a significant extent. This paved the path for the multinational organization to attain a profitable position in the market among many other rival players. Moreover, a revolutionary advancement in the technologies also offered the mechanism that improved the growth and popularity of the international business. In addition to this, the extensive competition among the rival players in the domestic market also propelled the multinational firms to expand their wings in foreign markets.
As a result, the multinational organizations became successful in attaining a wide range of customers of varying lifestyle and income standards. Due to which the profitability of the multinational organizations enhanced to a significant extent that amplified its sustainability and competitive advantage in the market among other existing contenders. However, such an expansion did not prove effective for the firms in the long run. This is mainly due to the economic turbulence or downturn that affected the entire world, since 2004.
As a result, the gross domestic product (GDP) declined to a considerable extent that affected the flow of foreign direct investment (FDI) as well. Due to the economic crisis, the capital market of the international countries crumpled, which significantly increased the rate of unemployment. However, due to unemployment the per capita income of the citizens reduced thereby declining the purchase and sale of the products and services of various multinational organizations. As a result, the portfolio and image of the multinational organizations also lowered that offered a significant impact on its dominance and reliability.
This is mainly due to the rise of the prices of the products and services of multinational organizations that resulted in the collapse of the economy. Along with this, due to unemployment, the rate of social anarchy and deaths increased that hindered the pace of international business.
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