Fundamental Transformation in the Global Economy: The Impact and Historical Dimensions of International Business

This study examines the transformation occurring in the world economy and thoroughly analyzes the historical development of the concept of globalization from the past to the present day. International enterprises have emerged as fundamental elements of the intricate structure of the modern economy, progressively shouldering the escalating role of global trade and economic interactions. Tracing the historical evolution of international enterprises and delving into the profound economic, social, and cultural impacts of globalization constitute the focal points of this study. Enhancing the conceptual comprehension of this radical transformation in the global economy and the role of international enterprises will significantly contribute to a better elucidation of the contemporary global economic paradigm