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Flashcards in Globalization and Local Economies Deck (7)
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1

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?

Globalization

2

How is globalization measured?

By world trade as a percentage of GDP- the greater the percentage, the greater degree of globalization

3

What are the factors that drive globalization?

Improvements in transportation, technological advancements, deregulation of international financial markets, organizational/operational options for international business

4

What is another name for resource markets?

Imperfect markets

5

What are the methods of conducting International Business Operations?

International Trade, Licensing, Franchising, Joint ventures, Direct Foreign Investment, Global Sourcing

6

What are the inherent risks of International Business Operations?

Exchange Rate Fluctuation, Foreign Economies, and political risk

7

Who are the emerging nations?

Brazil, Russia, India, China