GMS 200 Lecture Notes - Lecture 4: United Nations Global Compact, International Labour Organization, Fox News

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

Document Summary

Trade agreements affect much more than the economy and impact social factors and the environment. Greece having economic trouble and considering abandoning eu. When mnc"s enter other countries to do business . Often when companies do not outsource and create subsidiaries instead and set up other operations because they do not want their ideas stolen (applicable at times when unable to patent) We see problems occur when companies bring in foreign management say all american management running a company in brazil or in asia. A large company coming into your country may be good as they pay a lot of taxes. 98% = small business 2% = medium and large company. If you bring in foreign investment we must balance it well. Look at china (to do business there you must start a joint venture within china this allows chinese companies to learn our ways of doing business)