MGM 7 - International Business I notes

MGM 7 - International Business I notes - c b. global...

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Sheet1 Page 1 MGM 7 - International Business I 1. ipod globalization\ 2. globalization: increasing trend is seen now a. example of this is the cost of calling globally (decreasing due to globalization --> broadband) b. trade (export-import) increases the GDP by 30% since 1970 c. direct investment is increasing d. financial transaction ( foreign investment) is increasing in the form of stocks and bonds \ 3. increasing globalization has impacted positively or negative ( in certain countries) 4. what's the difference between international and global company? a. international company means a company exports products to other countries but still within the same economy --> n. ameri
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Unformatted text preview: c b. global company however is exporting products to all over the world (even in a country where the economic situation is total l y 5. why nations trade? a. getting goods that can't be produced locally b. to get hard currencies (to add to the nation's wealth) by spending GDP surplus c. absolute advantage allows gain from trade (import goods are sold locally so that gdp can increase) d. comparative advantage allows gain from trade (one country is slightly more efficient that the other at producing particular pr o Sheet1 Page 2 creates trade deficit because export < import...
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MGM 7 - International Business I notes - c b. global...

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