SOM 122 Chapter Notes - Chapter 8: Complete Control, Masculinity, Individualism

• School: Syracuse University
• Department: School of Management
• Course: SOM 122
• Professor: Unkown

Document Summary

Buying domestically increases number of domestic businesses and workers: trade barriers- government imposed regulations that increase the cost and restrict the number of imported goods, make it difficult and expensive to purchase imported goods. China allows 20 foreign films to be released in their country"s: voluntary export restraints- limit the amount of a product that can be theaters each year imported annually. Import country convinces exporting country makes the restraints. Illegal: government import standards- protect the health and safety of citizens. General agreement on tariffs and trade (gatt)- worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies and established protections for intellectual property (1947-1995) Chapter 8- global management: monitors national trade policies, technical assistance and training for developing countries. Countries no longer have veto power in wto. Chapter 8- global management: preferred by local managers- charged with making international business successful in their countries.