GMS 200 Lecture Notes - Lecture 3: Foreign Direct Investment, World Trade Organization, Most Favoured Nation

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Management and globalization: global economy where resources, markets, and competition are worldwide in scope, globalization the process of growing interdependence among elements of the global economy. Global management: global management involves managing operations in more than one country, global manager culturally aware and informed on international affairs. Why companies go global: profits greater profit potential, customers new markets to sell products, suppliers access to needed products and services, capital access to financial resources, labour access to lower labour costs. Us, and mexico in an economic alliance: european union a political and economic alliance of european countries, euro the common european currency. Global businesses: global corporation or mnc (multinational corporation), is a multinational business with extensive operations in more than one foreign country. Types of global businesses: transnational corporation an mnc that operates worldwide on a borderless basis. Joint venture: a corporate child a new entity given birth and owned jointly by two or more parent companies, three possibilities: