Globalisation in Tanzania

Only available on StudyMode
  • Download(s) : 1893
  • Published : April 21, 2012
Open Document
Text Preview
LSC

LONDON SCHOOL OF COMMERCE

MODULE: INTERNATIONAL BUSINESS

SEMISTER: BA 4(GROUP A)

SUBMISSION DATE: 5TH DECEMBER 2011

DONE BY:
* ALFAT D. DATOO……………L0043AAAA1010

SUBMITTED TO: DAVID MWAURA

CONTENTS
1. INTRODUCTION
-Background of international trade in Tanzania............page 3 2. ANALYSIS
-World bank and IMF influence in international business...............................................................page 4 -Positive impacts of Globalisation to the international business..............................................................page 4 -Negative impacts of Globalisation to the international business..............................................................page 4 to page 5 3. RECCOMENDATION...........................................page 5 to page 6 4. CONCLUSION....................................................page 6 to page 7 5. REFERENCE........................................................page 7 to page 8

GLOBALISATION AND INTERNATIONAL BUSINESS

INTORDUCTION
INTERNATIONAL BUSINESS.
According to Hill (2001) international business is when a firm engages in selling and buying from other country outside the geographic boundary. It means when a country export or imports from other country. It doesn’t mean that a company has to become multinational enterprise, or a company having foreign direct investment although multinational firms are also international business. THE BACKGROUND OF INTERNATIONAL BUSINESS IN TANZANIA.

According to www.state.gov,Tanzania is one of east African country that has a population around 35million people approximately. Tanzania is one of the free trade countries that have fewer barriers towards international trade. Most of privately owned and public firms in Tanzania import and export from other country. The major exports according to balance of trade are coffee ,cotton ,tea, sisal, cashew nuts, tobacco, flowers, seaweed that includes fish and fish products, minerals such as Diamond, gold, Gemstones, Manufactured products, horticultural products, services such as tourism services, communication, royalties, insurance, construction. The major markets for Tanzania’s exports are United Kingdom, Germany, India, Japan, Italy, China, Bahrain, Malaysia, South Korea, Thailand, Pakistan, and Indonesia. The major imports in Tanzania are petroleum, consumer goods, machinery, transport equipment, chemicals, and pharmaceuticals from the countries that like United Kingdom, Germany, Japan, India, Italy, United States, United Arab Emirates, Hong Kong, Singapore, South Africa, and Kenya.
ANALYSIS
Hill (2001) argues that Globalisation means the merging of separate national markets into one huge global market place. This means it is as a result of fall in international trade restrictions that will make international trade more easier and also easy way of people moving from one country to another country. Globalisation makes a world like a village, this enables easy move of resources to different geographical boundaries.

The World Bank and international monetary fund (IMF) have changed and influenced international business and played a major role towards the growth of globalisation in Africa. These international organisations create a major link and formulate policies that are essential in smooth implementation and growth of international business. According to the link WWW.IMF.ORG It is argued that World bank and international monetary fund (IMF) has influenced globalisation and international business through the ways such as -The World Bank has provided loans to developing countries like Tanzania for capital programs that will help in the growth of trade inside and outside the country. - World bank has made its goal of reducing poverty. This...
tracking img