Abstract This research will enter into the world of International Business. The future is moving at a face pace, the advances in technology have made the world smaller and less distant. Since late 80’s early 90’s the internet has revolutionize how the world communicates, it has globalized. Who would think, that nowadays in the 21st century you can talk basically from anywhere through your computer (video conference) or phone (cell phones). The future is now, what else would it bring.
The content in this research will give you an overview of the present, and were we are heading. Introduction International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more nations. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons.
 International business areas includes legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, tariffs, import and export regulations, trade agreements, climate, and education. Business need to keep up with supply and demand. Globalization interchanges the ideas between countries searching for a better future for their people.
Globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. Past of International Business: Henry Ford, (July 30, 1863 – April 7, 1947) was the American founder of the Ford Motor Company and father of modern assembly lines used in mass production. His introduction of the T Model automobile, revolutionized transportation and American industry. He was one of the United States modern business pioneers. Ford had a global vision, with consumerism as the key to peace.
By 1932, Ford was manufacturing one third of all the world’s automobiles. Ford predicted essentially that if greed, racism, and short-sightedness could be overcome, then eventually economic and technologic development throughout the world would progress to the point that international trade would no longer be based on (what today would be called) colonial or neocolonial models and would truly benefit all peoples.  His ideas here were vague, but they were idealistic and they seemed to indicate a belief in the inherent intelligence of all ethnicities.
The United States originally used horse-powered machinery to power its earliest factories, but eventually switched to water power; with the consequence that industrialization was essentially limited to New England and the rest of the Northeastern United States, where fast-moving rivers were located. Samuel Slater (1768–1835) is popularly known as the founder of the American cotton industry. As a boy apprentice in Derbyshire, England, he learned of the new techniques in the textile industry and defied laws against the emigration of skilled workers by leaving for New York in 1789, hoping to make money with his knowledge.
Slater started the Beverly Cotton Manufactory in Beverly, Massachusetts. This was the first cotton mill in America. England in 1810, Newburyport merchant Francis Cabot Lowell was allowed to tour the British textile factories, but not take notes. Realizing the War of 1812 had ruined his import business but that a market for domestic finished cloth was emerging in America, he memorized the design of textile machines and on his return to the United States, he set up the Boston Manufacturing Company.
Lowell and his partners built America’s second cotton-to-cloth textile mill at Waltham, Massachusetts, second to the Beverly Cotton Manufactory After his death in 1817, his associates built America’s first planned factory town, which they named after him. This enterprise was capitalized in a public stock offering, one of the first uses of it in the United States. In terms of social structure, the Industrial Revolution witnessed the triumph of a middle class of industrialists and businessmen over a landed class of nobility and gentry.
Ordinary working people found increased opportunities for employment in the new mills and factories, but these were often under strict working conditions with long hours of labor dominated by a pace set by machines. However, harsh working conditions were prevalent long before the Industrial Revolution took place. Pre-industrial society was very static and often cruel—child labor, dirty living conditions, and long working hours were just as prevalent before the Industrial Revolution.  Present: New Trade theory tries to explain several facts about trade.
These include the fact that most trade is between countries with similar factor endowment and productivity levels, and the large amount of multinational production (i. e. foreign direct investment) which exists. The regulation of international trade is done through the World Trade Organization at the global level, and through several other regional arrangements such as MERCOSUR in South America, the North American Free Trade Agreement (NAFTA) between the United States, Canada and Mexico, and the European Union between 27 independent states.
Companies doing business across international borders face many of the same risks as would normally be evident in strictly domestic transactions. For example, buyer insolvency (purchaser cannot pay); Non-acceptance (buyer rejects goods as different from the agreed upon specifications); Credit risk (allowing the buyer to take possession of goods prior to payment); Regulatory risk (e. g. , a change in rules that prevents the transaction); Intervention (governmental action to prevent a transaction being completed); Political risk (change in leadership interfering with transactions or prices); and War and Acts of God.
In addition, international trade also faces the risk of unfavorable exchange rate movements (and, the potential benefit of favorable movements).  Future of International Business: In these times of unprecedented volatility, knowing how to anticipate change, respond to evolving trends, and strategize effectively are essential for success. The current economic downturn further showcases the importance of foresight. We’ve reached an inflection point of historic proportions; in the years ahead, businesses and organizations once considered permanent will vanish, and obsolete methodologies will be revealed for what they are.
Those with the will and courage to see peril in the illusion of safety and find the opportunity in the midst of risk will chart the course of the twenty-first century.  Conclusion: Many people are waiting for the political and financial systems of the world to change; to me it’s easier to change myself rather than to wait for our leaders and system to change. To increase your financial knowledge will give you the edge, the time is now to take control of your money and your financial future. Knowledge is the new money… References: 1. Daniels, J. , Radebaugh, L. , Sullivan, D.
(2007). International Business: environment and operations, 11th edition. Prentice Hall. 2. Ford and Crowther 1922:242–244. 3. R. M. Hartwell, The Industrial Revolution and Economic Growth, Methuen and Co. , 1971, page 339-341. 4. Aggarwal, Raj; A. Reisman and D. C. Fuh (January 1989). “Seeking Out Profitable Countertrade Opportunities: A Proactive Approach”. Industrial Marketing Management 18 (1). 5. Futurist; Jul/Aug2009, Vol. 43 Issue 4, p55-57, 3p. 6. Robert T. Kiyosaki (September 2009). “Conspiracy of The Rich; The 8 New Rules of Money”, “Knowledge is money” page xi.