PELLYKW54Intltheories

PELLYKW54Intltheories - economic growth, which relates to...

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International Theories Rough Draft: Kristina Pelly
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International Contracts Norms and practices vary from country to country When presenting a contract in a different country, the "presenter" must adapt to that country's practices In some countries, contracts are the start of a long- term relationship Americans rely on paper more than forming friendships, America is one of the only countries that acts this way
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Economic Theories Exporting goods and services are detrimental to economies A nation's economic growth can be gauged from its gross domestic product International trade can influence GDP (this theory has been explored by several economic theorists) Exports could be connected with sustainable rates of
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Unformatted text preview: economic growth, which relates to the balance of payments. The faster the rate of domestic demand, the more accelerated the growth of imports International Trade Theories International trade issues typically pose three questions for economic theorists. Classical trade theory Factor proportion theory Product life cycle theory Foreign Direct Investment Theories Market imperfections theory International production theory Internalization theory Certain theorists have attempted to address limitations of international trade theories under the rubric of foreign direct investment (1997)....
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This note was uploaded on 02/12/2012 for the course MBA 551 taught by Professor Smith during the Spring '11 term at Indiana Wesleyan.

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PELLYKW54Intltheories - economic growth, which relates to...

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