International business is made up of all commercial transactions between two or more countries. A transaction implies the exchange of goods, services, resources, but also includes the exchange of people, intellectual property, and even more. A company that makes a decision to expand its operations outside its country has three good reasons for doing so: increase sales, have new resources and reduce risk. International business and globalization are intertwined and interdependent on each other. There is a fact that from the middle of the 20th century and the end of the Second World War, the accelerated development of globalization and thus international business began. This final paper describes the drivers of globalization as well as ways of measuring globalization. In addition, this final paper, it defines international business and gains insight into globalization strategies, ethics and sustainability in the framework of international business which are essential elements. Also, in the final paper, from the point of three key financial institutions, there are statistical indicators that indicate that the IMF and the World Bank are more focused on lending and helping poor countries, while the WTO budget indicates a focus on internal factors. The aim of this final paper is to describe the activities of international business entities, but to determine the biggest challenges in the implementation of international business and their policies and practices.