ADMS 1000 Chapter Notes - Chapter 8: General Agreement On Tariffs And Trade, High Tech, International Trade

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: N A

Document Summary

Globalization is a process involving the integration of world economies. Pull factors positive outcomes a business would gain from entering the international context. Push factors forces that act upon all businesses to create an environment where competing successfully means competing globally ex. the forces of competition, the shift toward democracy, the reduction in trade barriers, improvements in technology. Avon, door-to-door sales in the us (x); successful approach globally to over 20 emerging markets (o) The drive to go global may be a response to competitors" actions. First-mover advantage the benefits of being among the first to establish strong positions in important world markets. Various channels or forms which businesses operate in the global sense. Service exports or imports of services, ex. banking, insurance, management. Export or import a company"s assets ex. patents, trademarks, copyrights, expertise. Trade is equivalent to more than 70% of our gdp. The us accounted for between 75-80% of canada"s total exports.