Importance of International Business and personal qualities required

What is the significance of international business/Foreign trade in the present scenario?

If we talk about the present era, International business/Foreign trade has great amount of significance in the economic development of a country. There are various opportunities created by foreign markets along with traditional export and import industries in terms of career. If an individual is interested in finance and global business then a career in foreign trade is a suitable prospect. International trade is basically a branch of economics which, together with international finance, forms the larger branch of international economics. Trade has always been and will always be a major force behind the relations among nations. Without international trade, nations would be limited to goods and services produced within their own borders. Foreign trade represents a significant share of the gross domestic product (GDP) in India.

What are the personal attributes that I should be equipped with before entering this field?

Excellent communication skills, a keen aptitude for business, knowledge of foreign languages, persuasive ability and confidence are some of the attributes required to be successful in this field. Apart from the above to excel in international business knowledge of economies of different countries, understanding the modern trend in business, leadership and managing skills are required. International business professionals need proficiency in organizing, planning, co-ordination and directing activities. The most important thing that you should have is interest and appetite for the subject that you are willing to take up. It is a very complex domain thus; it requires complete focus and requires dedication to be successful.