FNGB7451ch01 - Multinational Financial Management Alan...

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Multinational Financial Management Alan Shapiro 8 th Edition J.Wiley & Sons Power Points by Joseph F. Greco, Ph.D. California State University, Fullerton
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CHAPTER 1 Introduction: Multinational Enterprise and Multinational Financial Management
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PART 1 THE RISE OF THE MULTINATIONAL CORPORATION I. The MNC: A Definition a company with production and distribution 3 facilities in more than one country. with a parent company located in the home country at least five or six foreign subsidiaries
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THE RISE OF THE MULTINATIONAL CORPORATION A. Forces Changing Global Markets Massive deregulation Collapse of communism Privatizations of state-owned industries 4 Revolution in information technology Wave of M&A Emergence of free market policies in Third World Nations Countless nations accepting the standards of free market capitalism
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THE RISE OF THE MULTINATIONAL CORPORATION The Rise of China as a Global Competitor the most dramatic change in the 5 international economy over the last decade the number one destination for foreign direct investment (FDI) Note: FDI is the acquisition abroad of companies, property, or physical assets
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