GMS200 Lecture Notes - Foreign Direct Investment, World Trade Organization, Most Favoured Nation
1 Mar 2013
School
Department
Course
Professor
Document Summary
Global economy: resource supplies, product markets, and bus. comp. are worldwide, rather than local or national in scope. Globalization: is the process of growing interdependence among elements of the global econ. Global management: describes manag. in bus. "s and org. "s with interests in more than one country. Global manager: someone informed about international devel. "s, transnational in outlook, competent in working with people from different cultures, and always aware of regional developments in a changing world. Why companies go global: global bus. "s are the foundations of world trade, helping to move raw materials, finished products, and specialized ser- vices from one country to another in the global economy. Reasons for going global: global operations offer: profits: greater profit potential, customers: new markets to sell products, suppliers: access to needed products and services, capital: to finan- sources, labour: access labour costs. Global business: conducts commercial trans- aries cial re- to lower al actions across national bound: global sourcing.
