The globalization of the world economy and the devaluation of the U.S. dollar have allowed more American companies to enter the export market. Many managers, who previously avoided these markets, are finding that international transactions can make their companies more competitive in marketing products and procuring parts and materials. As new companies are exposed to foreign exchange risks, managers will be concerned with development of an effective hedging program. There are a variety of …showed first 75 words of 559 total…

…showed last 75 words of 559 total…the process of exporting. Corporate managers must adopt kinds of measures in the process of exporting to minimize risks. Exporters should keep contact with the international bank and focus continuously on the political, legal and economic environment in the buyer's market. References Hill, C.W.L., (2003) International Business: Competing in the Global Marketplace (4thed.), McGraw-Hill/Irwin: New York, NY. Retrieved March 30, 2005 from: <Tab/>https://ecampus.phoenix.edu/secure/resource/resource.asp