06 Globalization of Markets

06 Globalization of Markets - imports. • Countries differ...

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BCOR 1010 PART ONE: THE CONTEXT OF MODERN BUSINESS A. The Economic Environment B. The Role of Government C. Corporate Social Responsibility D. Globalization of Markets 1. The growth of global trade and our trading partners 2. Why do nations (firms) engage in global trade? No nation can produce all it wants and needs, at least not in a cost-effective manner. Even if a country were self-sufficient, other countries (who are not self-sufficient) would want its
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Unformatted text preview: imports. • Countries differ in their relative “wealth” of factors of production. 3. The negative effects of global trade and protectionism 4. Structural options facing firms seeking to go global 5. Challenges faced by firms seeking to go global 6. Unforeseen effects of globalization Current as of 12/14/2010...
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This note was uploaded on 12/13/2010 for the course BCOR 1010 at Colorado.

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