International trade risk management under the impact of globalization

Abstract

Doing business in condition of international trade, a stable and competitive business environment is vital to operate efficiently and attract inward investment. Businesses can assess these factors alongside challenges such as corruption, political instability and terrorism to understand the strengths and weaknesses of an operating environment and for strategic investment decisions. In terms of open economy and globalization trends, business faced a lot of different challenges with their specific risks, hence an effective risk assessment approach and management is extremely vital for economic security of business and especially for all country doing business with other countries trying to succeed. The article presents risk management plan content that helps to structure business risk management process and provide with the measures how to deal with risks.

Study on International Settlement of Enterprises' Export Trade Business using Risk Management

“…Nezhyva et al [3] introduced the content of risk management plans that help to build a business risk management process and provided measures on how to deal with technical risks, management risks, business risks, and external risks. Virglerova et al [4] collected information through a questionnaire and applied a chi-square test to assess the differences between variables.…”

Desafios E Tendências Na Gestão Estratégica Do Comércio Internacional

“…A gestão estratégica do comércio internacional enfrenta uma série de desafios em um mundo globalizado. Com a crescente interconexão das economias, as empresas são confrontadas com obstáculos que vão desde a instabilidade política até riscos associados à globalização (Nezhyva, Zaremba & Mysiuk, 2021). Além disso, a recente pandemia de COVID-19 intensificou desequilíbrios de poder preexistentes e levou a um aumento do protecionismo nacional, alterando significativamente as práticas e atitudes de negócios internacionais (Missing, 2021).…”