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Environment of International Business and its Significance

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  • Akram Abdulraqeb Sultan Al-Khaled

Abstract

The simple observation that a market exchange process frequently generates significant transactions costs for the participants is not of itself, however, decisive in determining the form of alternative arrangement that would provide the most effective substitute to the price mechanism. Historians are only too aware that, in practice, a wide variety of institutional arrangements have been adopted by different societies in order to organize their economic activities.

Suggested Citation

  • Akram Abdulraqeb Sultan Al-Khaled, 2017. "Environment of International Business and its Significance," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(3), pages 310-316, March.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:3:p:310-316
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    References listed on IDEAS

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    1. Peter J. Buckley, 2004. "The Challenge of International Business," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50864-4, October.
    2. John Thanopoulos & Ivan R Vernon, 1987. "International Business Education in the AACSB Schools," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 18(1), pages 91-98, March.
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