global business review

global business review - Chapter 1 International business-...

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Chapter 1 International business- any commercial transaction that crosses the borders of 2 or more nations Imports- goods and services brought into the country that are acquired from organizations located abroad Exports- goods and services produced or based in one country that are sold abroad. Global business- the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies General Agreement on Tariffs and Trade (GATT)- a treaty designed to promote free trade by reducing both tariffs and nontariff barriers to international trade World Trade Organization- the international organization that regulates trade between nations. Measuring Globalization variables index 1. Political Engagement- memberships in international organizations, personnel and financial contributions to U.N. Security Council missions, international treaties ratified, and governmental transfers. 2. Technological connectivity- Internet users, Internet hosts, and secure servers. 3. Personal contact- international travel and tourism, international telephone traffic, remittances, and personal transfers (including compensation to employees). 4. Economic integration- trade, foreign direct investment, portfolio capital flows, and investment income. World Bank- agency created to provide financing for national economic developmental efforts. The initial purpose of the World Bank was to finance European reconstruction following the Second World War. It later shifted its focus to the general financial needs of developing countries, and today finances many economic development projects in Africa, South America, and Southeast Asia. Chapter 2 Culture- the set of values, beliefs, rules, and institutions held by a specific group of people. Components of Culture 1. Aesthetics- What a culture considers “good taste” in the arts, the imagery evoked by certain expressions, and the symbolism of certain colors 2. Values- Ideas, beliefs, and customs to which people are emotionally attached. 3. Attitudes- positive or negative evaluations, feelings, and tendencies that individuals harbor toward objects or concepts.
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4. Manners- Appropriate ways of behaving, speaking and dressing in a culture 5. Customs- Habits or ways of behaving in specific circumstances that are passed down through generations in culture. 6. Social structure- A culture’s fundamental organization, including its groups and institutions, its system of social positions and their relationships, and the process by which its resources are distributed. 7.
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This note was uploaded on 10/18/2008 for the course BUAD 2080 taught by Professor Zarb during the Fall '08 term at Toledo.

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global business review - Chapter 1 International business-...

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