International Business Studies Discussion Board Coursework Example

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International Business Studies Discussion Board
In the current business world, exports and imports play a significant role in the international trade and globalization. More specifically, imports and exports influence individual countries’ gross domestic product through cash inflows and outflows gained from international business transactions. In this case, these two components (imports and exports) form the primary building blocks of global trade. Globalization through imports and exports exchanges increases global integration through continuous expansion of global trade.
In an attempt to encourage and stabilize international business through exports and imports exchanges, several organizations which are included but are not limited to, International Monetary Fund (IMF), World Bank and the World Trade Organization (WTO) were formed for this purpose. For instance, the International Monetary Fund plays a very crucial role in the regulation of global import and export business through the provision of finance to member countries, regulation of trade and monitoring of global financial status (Gaspar et al., 10-11). Through the commissioning of the IMF, it has been able to influence the international import and export activities through the cooperation of international monetary problems, exchange rates stability and sustainable growth of the international trade. In addition to this, the IMF aims at assessing the global trade market to caution the member countries against global credit risks through the provision of extensive economic analysis and policy recommendations through technical assistance.

Exports and imports activities face the risks of unstable economic trade practices such as credit crisis, hostile political environment, constantly fluctuating exchange rates and diverse cultures. In this case, the presence of the IMF ensures that these issues are not a stumbling block towards global trade through exports and imports. In the international business, through the IMF, global trade is carried out under the five main principles which include; trade without discrimination, freer trade, fair competition, economic reforms in developing countries and the ability to forecast future business partners (Gaspar et al., 14).
Works Cited
Gaspar, Julian, et al. Introduction to global business: Understanding the international environment & global business functions. Nelson Education, 2016.