Cours 2 Flashcards
Key players in international business
Large companies from the wealthiest nations
Firms from emerging markets
Small and medium sized companies
Multinational corporation
State owned entreprises
Born global firm
Globalization
Trend toward greater economic, cultural, political and technological interdépendance among national institutions and eco
Globalization is characterized by
Dénationalisation
Type of globalization
Globalization of markets
Globalization of production
Globalization of markets
Convergence in buyer preferences in markets around the world
Globalization of production
Dispersal of production activities world wide to minimize costs or maximize quality
Benefits of globalization of markets
- reducing marketing costs
- creates new market opportunities
- levels uneven income streams
- local buyer’s needs
- global sustainability
Globalization of production benefits
Access lower cost workers
Access technical expertise
Access production inputs
Forces driving globalization
Falling barriers to trade and investment
Technological innovation
Regionzl economic integration
Falling barriers to trade and investment
GATT WTO IMF World bank Regional trade agreements Transe and national outputs
Against globalization
Eliminate jobs in developed nations
Lowers wages in developed nations
Exploits workers in developing nations
For globalization
Increases wealth and efficiency on all nations
Generates labor market flexibility in developed nations
Advances the economies of developing nations
Debate about inequalities
Inequality within nations
Between nations
Global inequality
Within nations
Gap between white collar and blue collar occupations
Globalization and culture
Advantages
Profit from our differing circumstances and skills
