Chapter 7 The Political Economy of International Trade
Free trade: refers to a situation where a government does not attempt to restrict what its citizens can
buy from another country or what they can sell to another country.
While many nati
Chapter 4 Differences in Culture
Cross-cultural literacy An understanding of how cultural differences across and within nations can
affect the way in which business is practiced.
Bowing and acknowledging a business card in Japan
Prohibition against to
Chapter 5 Ethics in International Business
The most common ethical issues in business involve:
- Nepotism: bringing ones friends and family into a company above better qualified
- Sexism or any kind of discrimination
Chapter 8 Foreign Direct Investment
Question: What is foreign direct investment?
Foreign direct investment (FDI) occurs when a firm invests directly in new facilities to produce or market
in a foreign country.
A firm engaged in FDI is a multinational ent
Chapter 6 International Trade Theory
Overview of Trade Theory
What is free trade?
Free trade refers to a situation where a government does not attempt to influence, through quotas or
duties, what its citizens can buy from one country or what they can prod
Chapter 3 Political Economy and Economic Development
Question: What are the implications of a countrys political economy on its level of economic
development and its environment for doing business?
A countrys political economy influences its level of econ
Chapter 2 National Differences in Political Economy
Question: What is the political economy of a country?
A countrys political economy refers to its political, economic, and legal systems
These systems are interdependent, and interact and influe
Chapter 1 Globalization
In the world economy today, we see:
Fewer self-contained national economies with high barriers to cross-border trade and
A more integrated global economic system with lower barriers to trade and investment
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