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Why International Business Is Important For

Why International Business Is Important For Thailand?

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Title: Why International Business Is Important For Thailand?

Essay Details:

Subject: Business

Author: James J

Date: October 3, 2013

Level: University

Grade: A

Length: 2 / 337

Essay text:

They also get lot of benefits such as avoiding transport cost, seeking the lowest cost and escape trade tariffs. For Thailand, there are many reasons why international business is important as follow: First of all, it increases employment rates. In a highly competitive world, companies seek to reduce their costs as much as possible. Well know examples of international business like McDonald’s, Coca Cola, Toyota and LG. Many foreign companies locate in Thailand in order to get low cost location for their production facilities or be attracted by skilled or cheap labors. In turn, it generates jobs and income that lead to improve the living standard of Thai people...

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