International Business

International Business - InternationalBusiness 20:29...

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International Business 20:29 G6 Countries US, UK, Germany, France, Japan, Italy BRIC Countries China, India, Russia, Brazil (take over G6 by 2040) In the world economy we see Shift away from self contained national economies Move toward more integrated global economic system About 3 trillion dollars in foreign exchange transactions taking place everyday 23 milion dollars of good and 3 trillion dollars of services sold daily across  national borders establishment of international institutions Distinct markets merging into global marketplace Tastes of consumers converging?   mostly with industrial products MNC’s Sources goods and services from set of locations it selects around the world Develops global web of suppliers for competitive advantage Decides where to produce based on factors of productions What are the drivers of globalization
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International Business - InternationalBusiness 20:29...

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