INTB 2202 Study Guide - Spring 2019, Comprehensive Final Exam Notes - World Trade Organization, World Economy, World Bank
29 Mar 2019
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Technological change: declining trade and investment barriers, international trade occurs when a firm exports goods or services to consumers in another country, foreign direct investment (fdi) occurs when a firm invests resources in business activities outside its home country. Provides a mechanism for dispute resolution and the enforcement of trade laws. Is focusing on cutting tariffs on industrial goods, services, and agricultural products. Make a geographically dispersed production system more economical. Allow firms to better respond to customer demands: the role of technological change: The u. s. dominated the world economy, world trade, and world fdi. U. s. mnes dominated the international business scene. About half the world-- the centrally planned economies of the communist world-- was off limits to western international business: today, much of this has changed, in the early 1960s: U. s. - dominant industrial power accounting for about 38. 3% of world manufacturing output by 2011: Rapid economic growth now in countries like china, india, and brazil.
