An Overview of International Business and Trades Organizations.pptx

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An Overview ofInternationalBusiness andTrade
GlobalizationTrend away from distinct national economic units andtoward one huge global marketGlobalization of MarketsMoving away from an economic system in whichnational markets are distinct entities, isolated by tradebarriers and barriers of distance, time, and culture,and toward a system in which national markets aremerging into one global marketGlobalization ofProductionTrend by individual firms to disperse parts of theirproductive processes to different locations aroundthe globe to take advantage of differences in costand quality of factors of production.What Is Globalization?
General Agreement onTariffs and Trade (GATT)International treaty that committed signatories to lowering barriers to thefree flow of goods across national borders and led to the WTO.World Trade Organization (WTO)The organization that succeeded the General Agreement on Tariffs andTrade (GATT) as a result of the successful completion of the UruguayRound of GATT negotiations.

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Term
Fall
Professor
NoProfessor
Tags
International Trade, Globalization, World Trade Organization, General Agreement on Tariffs and Trade, international treaty

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