Book Description

The acceleration of economic activism which has dichotomously classified in two major groups on face of global economy developed and developing respectively the perspectives of developed economy has its own characteristic features greater increase in percentage of growth rate followed with strong currency constant upgradation in living standards of people adaption of capitalistic form of economy with greater boost in Industrial activism all these features has electrified global corporate business mechanism with rapid industrial growth the resurgence in corporate business led in emergence of new product development offered to the customers for the price there was no doubt that the customers have purchasing power which keeps the sustainability of product and business in the competitive market in this scenario many developed economies across the globe has tried to maintain their stocks and expand their businesses all over the world with began of fashion multinational companies the emergence of these companies is a result of momentous globalization which is rightly observed by Dr. Subba Rao from his book International business “The Growing economic Interdependence of countries with increasing variety and volume of cross border transactions with International capital flow with wide spread diffusion of Information technology” the comprehensive analytical perspectives of this definition expresses an analogy of economic Interdependency that the scarcity of one country to the surplus of other therefore exchange of commodities takes place from the platform of export and import, in this context the information technology has played a catalyzing rule to speed up the business reaction the other face of rapid globalization exhibits the prevalence of strong competition. In the perspectives of global competitiveness and world has became a single market therefore multinational companies targets developing countries for promotion of their business process outsourcing BPO’s medical transcription and LPO’s these kind of business process outsourcing enjoys the availability of labour and other resources at cheaper cost which helps in rapid growth of these BPO in developing countries.