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Seminar paper from the year 2008 in the subject Business economics - General, grade: 1,3, University of Applied Sciences Essen, course: International Management, language: English, abstract: In the past two decades, the world has gone through the process of globalisation and witnessed dramatic changes in the international and global marketplace. Liberalisation of world trade and capital markets led by globalisation has created a new and challenging competitive arena for all firms. The growing trade and investment liberalisation caused by the progress in transportation and communication technologies has resulted in larger volumes of international business transactions.In comparison with the past, today's and tomorrow's challenges for each internationally operating organisation are the focus on the more intense levels of national, regional, and global competition, projected demographic and workforce figures, just as significant technological developments. These environmental forcesgenerate the need for understanding and utilising knowledge in International Human Resource Management, particularly with regard to globalisationperformance relationships between firms performing internationally and the emerging formation of international projects and intercultural project teams withinthis new environment.