Ever since India has gained its independence and slowly creeping out of the poverty line and up the international market, the country has opened itself to the many promising entrepreneurs of the world. As a result, latest measurements of countries in US dollars exchange rate standards have put this developing country as the twelfth largest in the world, even when 2004 – 2005 records have cited about 27% of Indians being poor. On this note, the country turns to investing in international businesses, formulating how to set up American business in India as well as catering to different industries from other countries all over the world.

Conversely, the international community has responded to this international economic opportunity and started participating in the economy of the developing country. This is true, especially for the United States as many companies and organizations have tried to figure out how to set up American business in India. This is because setting up businesses in another country is far different and perhaps more complex as opposed to various local business endeavors. For instance, economic policies and business laws may greatly vary between countries, especially if the two have big differences in economic standings. Knowing how to set up American business in India would entail realizing the fact that the US economy is much better of than India, which means that setting up businesses may be different in terms of law. Also, one must consider the fact that setting up a foreign business means a whole new customer base with clients that have a totally different culture than back home.

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There is this phenomenon where people are connected throughout the world, while money, communication and goods travel faster and easier than ever. Globalization may have many faces, some of them positive and others negative, depending on the point of view. There are groups and even countries throughout the world opposing globalization as the greatest fear for their integrity. New forms of business throughout the past and the current decade changed our environment in so many ways, including the areas of education and politics, where the ways of economy are completely separate issue. This has been probably the fastest pacing step in the change of human structure. Everything tends to get global.

The today’s market influences business on all four side of the world with its tripartite forces of globalization, information and communications technology and liberalization of trade. Free trading improves integration on economy lever while national borders melt under the storm of information and technology revolutions, which bring people closer and together faster than ever before. Geography in globalization becomes quite insignificant factor. The refreshing ideas and brand new initiatives are what make today’s economy a culture of innovation and open approach. Read the rest of this entry »

If you understand a language then you will understand to a large extent the culture that goes with it, and if you understand the culture you will pick up on subtleties that you might otherwise miss. In any negotiation or business relationship the more you understand about the needs and wants of the other party the more likely you are to be able to reach an advantageous outcome (for both sides). This is well recognized, but less widely taken into account is the favourable impression that speaking another language gives about you, and this is what I want to consider.

In the international business world of today the English speaker is at a disadvantage in this regard because the international language of business is English. If you are not a native English speaker the obvious language to learn is English, whereas if you are and you want to learn a new language where do you start? Spanish, Chinese, Japanese, Russian or French are just a few in no particular order which come to mind. Read the rest of this entry »