Int mgt Ch1 Posting Fall '11

Int mgt Ch1 Posting Fall '11 - Chapter 1 Globalization 11...

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Chapter 1 Globalization 11
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What Is Globalization? The globalization of markets refers to; “The merging of historically distinct and separate national markets into one huge global marketplace” In many industries, it is no longer meaningful to talk about the “German market” or the “American market” Instead, there is only the “global market” 22
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Emergence of Globalization Falling trade barriers make it easier to sell internationally The tastes and preferences of consumers are converging on some global norm Firms help create the global market by offering the same basic products worldwide “Grow or _ _ _” 33
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Globalization Of Production Sourcing of goods and services from locations around the globe Takes advantage of national differences in the cost and quality of factors of production like: Land Labor Capital Companies compete more effectively by: 44
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The Globalization Debate Is the shift toward a more integrated and interdependent global economy a good thing? 55
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Video Three Billion New Capitalists 66
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Three Billion New Capitalists Do you believe the message? What surprised you? What are the implications to the US? What should the US do? What are the implications to you – personally? 77
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The Emergence Of Global Institutions Institutions are needed to: Help manage, regulate, and police the global marketplace Promote the establishment of multinational treaties to govern the global business system 88
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The Emergence Of Global Institutions Institutions created over the past half century include: The General Agreement on Tariffs and Trade (GATT) The World Trade Organization (WTO) The International Monetary Fund (IMF) The World Bank The United Nations (UN) 99
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Passing the Torch? 1010
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Int mgt Ch1 Posting Fall '11 - Chapter 1 Globalization 11...

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