Global Business International Trade Has Essay

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Combined with the increasing prevalence of regional trading blocs, higher transportation costs may result in a move towards regional production rather than global. In other respects, however, Lonely Planet's business will remain essentially unchanged over the coming years.

Conclusion

The globalization of international trade has had a profound impact on Lonely Planet's operations. It has allowed the company to use offshore production centers that are capable of serving the global market. The monetary flows even at a relatively simple, one-product firm like LPP illustrate the degree to which economies around the world are intertwined.

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The company receives monetary inflows from dozens of nations, and disperses monetary flows to dozens more. Including small flows, the operations of Lonely Planet contribute to the economy of nearly every nation on earth.

The recent changes with respect to the global economy will continue to impact operations into the coming years, affecting the firm's ability to outsource production globally and commit itself to international marketing.

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