GMS 200 Lecture Notes - Lecture 3: Southern African Development Community, Protectionism, North American Free Trade Agreement

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adunkele

Document Summary

Global sourcing prospecting, or purchasing goods and services overseas for local use. Exporting selling goods or services to buyers in other countries. Importing buying goods and services from other countries. Licensing - to acquire the rights to make or sell another companies products or services for a fee. Franchising buying the rights to use another name and operating methods. Joint ventures and strategic alliances: foreign and domestic businesses come together as business partners for a particular transaction or continuous business operations. Why businesses go global: opportunities for profit, access to customers (larger cliental etc. , access to suppliers (possibility of cheaper labor, access to capital, availability and cost of labour. Global governance wto (world trade organization: protectionism imposes tariffs and favorable treatment to protect domestic industries from foreign competition. Interference with government: mnc complaints about host countries, profit limitations, overpriced resources, exploitative rules, foreign exchange restrictions, failure to uphold contracts.