Discuss the three main trends which have prevailed in international business throughout the last two decades.

The 1980s brought a fast integration of financial markets and international capital. Impetus for globalized financial markets basically came from the governments of main countries that had started to deregulate their foreign exchange and capital markets.The economic globalization and integration that started in the eighties is picking up speed in the 1990s via privatization.  Privatization is the procedure through which a country divests itself of the ownership and operation of a business venture through turning it over to the free market system. Finally, trade liberalization and economic integration continued to carry on at both the regional and global levels.