Please, what is the difference between international trade and international business?

Question

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Answer 1

International business is wider than international trade.

“International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals and organizations.”

The Primary Types of International Business Activities Are:
* Importing and Exporting (i.e. trade)
* Direct Foreign Investment

Additional Types of International Business Include:
* Licensing
* Franchising
* Management Contracts

Answer 2

International trade: International trade is the exchange of goods and services across national borders. In most countries, it represents a significant part of GDP. While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance have increased in recent centuries, mainly because of Industrialisation, advanced transportation, globalisation, multinational corporations, and outsourcing. In fact, it is probably the increasing prevalence of international trade that is usually meant by the term "globalisation". International Business: Big Business or big business is all about huge transactions and doing big things. The term first came into use in a symbolic sense subsequent to the American Civil War, particularly after 1880, in connection with the combination movement that began in American business at that time. Organizations that fall into the category of "big business" include ExxonMobil, Wal-Mart, Google, Microsoft, Citigroup and Arcelor Mittal. International economics: International trade studies the determinants of the flow of goods and services across international boundaries. International finance is a macroeconomic field which examines the flow of capital across international borders, and the effects of these movements on exchange rates. Increased trade in goods, services and capital between countries is a major effect of contemporary globalization.