AFM333 Lecture Notes - Lecture 2: Disintermediation, Emerging Markets, General Agreement On Tariffs And Trade

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM333
• Professor: Seth Brouwers

Document Summary

Reasons to study international business: power of disintermediation, be able to get products or services immediately without a middleman, also applies to information. Internet of things: connection of all items, machines looking after themselves, collecting data, being more efficient, globalization, no more customer or supplier by country. Immediacy of information: speed of information, allow people to find things. Flow of investment, people, information between countries: global markets, where to grow the business to, global supply chain, people, capital, transactions, supplies. Drivers of globalization: growth of economy after ww2, gatt and wto, freer trade. Social networking: how we source for information. The world is flat: globalization 1. 0, countries globalizing, colonies, globalization 2. 0, companies globalizing. Importance of trade: development of the economy, globalization 3. 0, power of individuals, technology available. Information: connectivity, people are the disruptive factor. Impacts of globalization: business perspective, new market opportunities, other dominant global competitors that are powerful in other markets.