Kalan Lecture 10

Kalan Lecture 10 - 2/23/11 Kalan Lecture 10 A. The Global...

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2/23/11 Kalan Lecture 10 A. The Global Marketplace: The flow of goods or services among different countries. a. The biggest trading country in the World is the USA. b. Trade is a combination of exporting and importing and that is why USA dominates. c. Most trade is done on a trading basis of goods or services or some economic unit. d. Barter: Goods are paid for with items other than cash. e. Global companies are Fedex, Honda, Coca Cola, Starbucks, Nike, BP, Exxon, Lukeoil, Unilever. f. Local government often create conditions to create multinationals to participate in their market: B. Protectionism: A government policy to give domestic companies an advantage. When countries trade among themselves, the overall economies of everybody changes. a. Reducing trade barriers stimulates the production of jibs and industries, but this does not take away from companies participating in protectionism. b. This is a big issue today with USA and China. US is excited to import goods from china, but there are laws against what we can export. c.
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Kalan Lecture 10 - 2/23/11 Kalan Lecture 10 A. The Global...

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