Lietuvos jaunųjų mokslininkų konferencija „Mokslas - Lietuvos ateitis“. Ekonomika ir vadyba, 23rd Conference for Young Researchers "Economics and Management"

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ASSESSMENTS OF EU COUNTRIES FOR INDIVIDUALS TRADING POSSIBILITIES
Chitra Singh Deswal, Juozas Merkevičius

Last modified: 2020-05-08

Abstract


Data and correspondences innovation (ICT) is an extensional term for data innovation (IT) that burdens the job of brought together interchanges and the reconciliation of media communications (phone lines and remote signs) and PCs, just as essential endeavor programming, middleware, stockpiling, and varying media frameworks, that empower clients to get to, store, transmit, and control data. At the most basic level, ICT encompasses all technologies that allow individuals and businesses to interact in the digital world. It is like Information Technology (IT), yet centers fundamentally around correspondence innovations. This incorporates the Internet, remote systems, mobile phones, and other correspondence mediums. There are many problems faced during International trade which can be solved by using virtual organizations for international trades. Because of globalization, numerous organizations are presently working in more than one nation which brings forth multicultural association where representatives from more than one nation are cooperating. This paper aim of the study to find the best country for international trade using virtual organization which was accompalished using Topsis method. The following European countries (Germany, Finland, Check Republic, Austria, Estonia, Denmark, France and Belgium) were analysed during years 2014 to 2018. The limitation faced was that the data for all European countries was not available.

DOI: https://doi.org/10.3846/vvf.2020.019


Keywords


information technologies, information communication technologies, international trade, virtual organizations, multicultural, Topsis

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