Management and Organizational Studies 2320A/B Lecture Notes - Lecture 10: Dominican Republic–Central America Free Trade Agreement, Gross Domestic Product, Geert Hofstede

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2320A/B
• Professor: Alex Mc Dougall

Document Summary

Globalization refers to the increased flow of goods, services, people technology, capital, Chapter 17- global marketing information and ideas around the world; has economic, political, social, cultural, and environmental impacts. Global markets are the result of reductions or eliminations of trade barriers, decreasing concerns of distance, standard laws across borders, globally integrated production process. Trade offs between these factors when entering foreign markets. Policies aimed at restricting trade protectionist policies. Trade sanctions penalties or restrictions imposed by one country over another country for importing and exporting of goods, services, and investments: ex. Canada ban goods exported from canada to lybia and a ban on good imported from libya into canada. Tariff a tax levied on a good imported into a country: intended to make important goods more expensive and reduce competition with domestic products, imposed to penalize another country, ex.