Flashcards in Globalization and Local Economies Deck (7)
What is the distribution of industrial and service activities across an increasing number of nations and produces deeper integration of the world's individual national economies and makes them interdependent?
How is globalization measured?
By world trade as a percentage of GDP- the greater the percentage, the greater degree of globalization
What are the factors that drive globalization?
Improvements in transportation, technological advancements, deregulation of international financial markets, organizational/operational options for international business
What is another name for resource markets?
What are the methods of conducting International Business Operations?
International Trade, Licensing, Franchising, Joint ventures, Direct Foreign Investment, Global Sourcing
What are the inherent risks of International Business Operations?
Exchange Rate Fluctuation, Foreign Economies, and political risk