- Earning of Foreign Exchange: International Business helps a country to collect and earn foreign currency from the investment offered by a foreign firm in the domestic market. Foreign currency helps in meeting imports of any country from foreign countries.
- More Efficient Use of Resources: International business allows firms to use the resources present in different countries more efficiently. Firms can bring the newest technologies from which the resources can be utilized more efficiently.
- Improving Growth Prospects and Employment Potentials: By setting up new industries and businesses in different countries, the international business helps in improving the economic growth and employment potential in those countries. Larger scale production contributes to the GDP as well as generates employment.
- Increased Standard of Living: In the presence of an international business, people of any country can consume goods and services produced in some other countries. It helps in improving the standard of living of those people and the country in general.
International Business : Meaning, Scope and Benefits