International business is a term used to collectively describe matters relating to the operations of companies with interests in different countries. International trade occurs because no single country has the resources to produce everything well. Nations specialize in the production of certain goods and trade with other nations for those they do not produce. More and more companies recognize that pursuing opportunities in the global marketplace is key to their current and future success. There are many benefits to going global, such as new markets, new sources of capital abroad, faster technological progress, and more choices for consumers, to name a few. One result of the growing success of international business ventures is globalization. Globalization can be described as increased connectivity between societies and their elements due to the explosive evolution of transportation and communication technologies to facilitate international cultural and economic exchange. There are different countries that participate in international trade, as well as different forms of international business activities. For every organization, its goal is to maximize profits. Over the years, increased competition causes the organization to disintegrate or rise above other competitors. Therefore, the best tactic for any organization is to build innovative ways in running a business. To be more specific, globalization provides a key to organizational success. Globalization is the “shift towards a more integrated and interdependent world economy” (www.investorworld.com). In simpler terms, globalization is an expansion of business across different countries. Wal-Mart is an example of a global business... middle of paper... a matter of controversy and friction. Along the way, one might add some observations about US companies seeking a life-saving oasis of commercial success, which in fact has always been a mirage. Naive but self-deluded foreign affairs cannot prevail over the immovable and obstructionist Chinese political apparatus, which is unwilling to accept the United States or any foreign commercial success in China and incapable of transforming itself into the administration of a modern economically viable nation. driven at the expense of one's own ideology and power-based privileges. Finally, it could draw angry criticism from US politicians, who have said that American businessmen are so eager to enter Chinese markets that they will engage in corporate and financial suicide by investing time and money in any Chinese operation until it destroys it. competitive ability completely.