geb16 - CHAPTER 1 REVIEW QUESTION ANSWERS 1. What is the...

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CHAPTER 1 REVIEW QUESTION ANSWERS 1. What is the difference between international business and global business, as defined in this book? International business (IB) is defined as (1) a business firm that engages in international (cross border) economic activities and/or (2) the action of doing business abroad. Global business is defined in this book as business around the globe. The activities include both (1) international (cross-border) activities covered by traditional IB books and (2) domestic business activities. 2. Referring to Figure 1.1, how important are emerging economies in the overall global economy? Emerging economies already command 50% of global GDP. However, some the improving economies of some countries are not keeping pace with their expanding populations. 3. Referring to Figure 1.2, what observations can you make about the three tiers of people in the global economic pyramid? The base of the pyramid is part of the view of the global economy as a pyramid. The vast majority of humanity, about four billion people, live at the base of this pyramid making
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This note was uploaded on 01/25/2011 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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geb16 - CHAPTER 1 REVIEW QUESTION ANSWERS 1. What is the...

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