INTB 1203 Study Guide - Midterm Guide: Political Philosophy, Purchasing Power Parity, Gross National Income
15 Oct 2018
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Document Summary
Business activities that involve the transfer of resources, goods, services, skills, or information across national boundaries. Globalisation refers to the shift toward a more integrated and interdependent world economy. Globalisation of markets: the merging of historically distinct and separate national markets into one huge global market-place. Globalisation of production: the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. Main drivers of globalisation: technological advancement, growing convergence of tastes, global interactions and linkages, global competition, declining trade and investment barriers, global organisations (wto, imf, world bank, un) International trade: exchange of products and services across national borders, typically through importing and exporting. International portfolio investment: passive ownership of foreign securities such as stocks and bonds for the purpose of generating financial returns. A multinational enterprise is any business that has productive activities in two ore more countries.
