Chapter 2 Flashcards
(77 cards)
What are 4 things that are considered vital info when dealing with business internationally?
basic geography, culture, market characteristics, and politics
What are the marketplaces of North America?
US, Canada, Mexico, Caribbean Islands, Greenland, Central America
Discuss the marketplace of the US.
it has the largest economy, 3rd largest population, and 4th largest land mass
it is the prime market for exports, has a stable political system and a strong legal system
Who are our export partners?
Import?
(1) Canada, Mexico, China, Germany, UK
(1) China, Canada, Mexico, Japan, Germany
The invoicing currency is what?
the dollar; it is the currency in which the sale of goods and services is denominated
What is flight capital?
money sent out of a politically or economically stable country to one perceived as safe
Discuss Canada
2nd largest land mass, 80% of the population is concentrated along the US Canadian boarder, has rich natural resources, had the single largest bilateral trade relationship until China, largest supplier of foreign energy to the US
Who are Canada’s export partners?
Import?
US, UK, and Japan
US, China, and Mexico
What are advantages of Canada?
Disadvantages or issues?
proximity to the US market, stale legal and political systems, and excellent infrastructure and education systems
Quebec separatist movement and bilingual labling laws
Discuss Mexico
largest Spanish speaking nation, participant in NAFTA along with US and Canada, trade agreement with EU,risk-drug cartels
Who are Mexico’s export partners?
import?
US Canada and Germany
US China and Japan
Central America and the Caribbean
economic development hindered by political instability, inadequate educational systems, weak middle class, poverty, and import limitations by the US
What are the marketplaces of Western Europe
european member union countries and other countries in western europe
how many european union member countries are there?
28
How does gov’t intervention compare in the EU with that of the US?
the EU has higher gov’t intervention
The EU is compose mainly of democracies?
true
How many of the EU use the Euro?
17
Who of the EU has the strongest economy and sometimes considered the most important member?
Germany
Many of the EU countries have a high GDP?
true
Who is the important financial center for the EU?
UK-London specifically
What are some things France is know for?
foreign policies, human rights, defense, labor rights, agricultural subsidies
Some high-income non-EU members are:
Norway, Switzerland, Liechtenstein, Iceland, Monaco
Who is part of the EFTA
Norway, Liechtenstein, Iceland and the EU
Who is part of the EEA?
Norway, Switzerland, Liechtenstein, Iceland
