MGT 320 Study Guide - Final Guide: Franchising, Boeing 777, Economic Integration
Document Summary
Chapter 2: the environment of international business, global shift. Characterizes the effects of changes in the competitive landscape prompted by worldwide competition. Global shift means the international business environment is changing faster than ever: the changing pattern of international business, changing demographics. In general, the population is getting older in the industrialized countries. Western europe would have actually dropped in population during the past two decades had it not received several dozen millions of immigrants, mostly from prior colonies. That same downward trend in birth rates is apparently taking place in other parts of the world, although it is not as severe: lower trade barriers protect domestic producers. For many years, industrialized countries placed high tariffs on foreign goods in order to. Most countries now realize that nationalistic trade policies do not work. Consumers pay higher prices for lower-quality goods when competition is curtailed: integrated economic markets.
