Global business contains transactions developed and implemented across international borders to meet objectives of those with a vested interest. The primary transactions are import, export and foreign direct investment (FDI). FDI is organizations taking part in a joint venture, licensing or franchising. There are many factors to be considered when conducting international business. To do this correctly, an analysis must be performed. I will define regional integration as well as discuss its role in promoting …
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…move towards greater economic integration, emphasizing sustainable and equitable growth. ASEAN will foster a caring and unified community, whose strength comes from encouraging a common identity and sharing the future vision. References: ASEAN (2005). Retrieved May 5, 2006 from website: www.aseansec.org Hill, C. (2005). International Business: Competing in the Global Marketplace (5th ed.). New York: McGraw-Hill. Retrieved May 4, 2006, from University of Phoenix, rEsource, MGT/448 - Global Business Strategies at https://mycampus.phoenix.edu/secure/resource/resource.asp