Business Finance plays an important role in the global development. I will explain it with some examples. Foreign direct investment that is the major investment made by any company in some foreign country involves business financing. The immense development that is widely taking place in different countries is because of business finance. Similarly, you can get international loans and local loans to start a business and this also contribute in economic development. Have you seen the increasing internationalization of banking? This also opens new business finances and contribute in global development. Business Finance has also increased the expertise of creditors and entrepreneurs and their contributions in business development has directly increased the global development.
