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module18 - Module 18 Module Globalization and Globalization...

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Module 18 Module 18 Globalization and Globalization and International Management International Management
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Module 18 How does globalization affect international business? What are global corporations and how do they work?
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18.1 Globalization Globalization involves the growing interdependence of the world’s economies Globalization creates a variety of international business opportunities International business is done by global sourcing, import/export, licensing and franchising Internal business is done by joint ventures and wholly owned subsidiaries International business is complicated by different legal and political systems
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GLOBALIZATION World Economies Global economy Resources, markets and competition are worldwide in scope Globalization Process of growing interdependence of global economies
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GLOBALIZATION World Economies Insourcing Domestic jobs are created by foreign employers Outsourcing Jobs are shifted to foreign locations to take advantage of lower wages, infrastructure, educated workforce or government support
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This note was uploaded on 02/09/2011 for the course MGT 3315 taught by Professor Waner during the Spring '11 term at UCM.

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module18 - Module 18 Module Globalization and Globalization...

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