IDST 1000Y Lecture Notes - Lecture 6: Foreign Direct Investment, Portfolio Investment, North American Free Trade Agreement
15 Dec 2016
School
Department
Course
Professor
Document Summary
Globalization and development, 1945-2014 29th oct. 2014. Globalization is the increasing global integration of production, trade, and finance. World trade grows more rapidly than world production/exports. There has been a positive growth in world production. Between 1950-2007 positive growth in world trade. Growth in world trade is always faster than growth in world population. Countries are exporting and importing more than ever before. Growth in world trade is also driven by manufacturers. Nafta, eu, japan, and china dominate the manufacturing industry, globalized world, and world trade. Intra-rich country trade goods traded between developed countries. Intra-industry trade and intra-firm trade trade within an industry, company, or firm that takes place over borders. 35% of all trade in developed world is intra-firm trade. Money made in a country (through means of production) goes back to the country of origin of the company success stays in different locations to maximise profitability.
