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26 Cards in this Set
- Front
- Back
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International Business
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commercial activities performed to promote the transfer of technologies, goods, services, resources, people, and ideas across national boundaries
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Globalization
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refers to the creation, exspansion, and intensification of social relations and consciousness across world-time and world space
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Globalization Movement
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refers to the trend of increasing inerdependencies among world markets, and the diffusion of new ideas, technologies, resources, products though international markets
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Economic Anthropology
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the study of human economic behavior (how societies, culture make a living, contexts of economy)
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Substantivism(Karl Polanyi)
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3 ways societies intergrate the economy into society
1. Reciporcity 2. Redistribution 3. Exchange |
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Reciprocity
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-general kind of helping and sharing
-based on a mutual sense of obligation and identity -they belong to the same family or clan -people help each other because they have cultural and social relationships |
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Redistribution
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- is a system of central authority of some sort(chief, priest)
-The authority collects from everyone and redistributes back Ex. Church Ex: Crazy Horse |
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Exchange
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-it is calculated trade
- several varieties - modern market exchanges use money |
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Cultualism (Stephen Gudeman)
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Gudeman argues that models of livelihoods and related economic concepts such as exchange, money or porfit must be analyzed through the local way of understanding them
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League of Nations(1919)
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precursor to UN, western European countries and US. figure head to prevent another world war
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United Nation
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International conglomerate, not just developed nations
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IMF
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different currencies, rate of change.
-helps counties with local unconvertible currencies to pay their debts with other counties -new debts are created chain reaction controversial |
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World Trade Organization
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Makes sure all countries can trade with each other. the elephant in the room
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World Bnk
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working for a world free of poverty. 1944 Bretton Woods established WB, established 35$/1 oz of gold. decided american dollar as main currency for international currency
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International Monetary System
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a set of exchange rate agreements governing relative prices of one currency against another
-exchange rates are critical for assessing the value of goods and services in the international marketplace -99 value of a currency is not related to golf |
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process of a regional economic and political integration
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1. Reduce Trade barriers
2. Create a common external tariff 3. Free flow of labour and capital 4. Common economic policies 5. Countries give up independence and some central authority |
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Principle 7
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We are in the era of profound cultural changes that raises spiritual questionss about our relationship to our planet
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Surface Cultures
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behaviors, words, customs, tradition
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Deep cultures
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beliefs, values, assumptions, thought processes
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Geopolitical studies. time space and money
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relate a region; geographic circumstances, and history to its economic and present day situation
1. Geographic charachtristics 2. Hisorical/cultural perspective 3. Commercial history |
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Criteria for Organizing culture
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1. Power distance
2. Individualism 3. Uncertainty Avoidance 4. Masculinsim 5. Long Term orientation- how you as a culture deal with time |
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Dimensions of Globalization
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1. Economic Dimension
2. Political Dimension 3. Cultural Dimension 4. Ecological Dimension 5. Ideological Dimension 6. Technological Dimension |
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International Business is affected by:
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connection of six dimension so that we can understand (globalization), analyze (markets), and plan (business strategies)
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National Markets Analysis
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-essential background
-current position analysis -commercial analysis -cultural analysis |
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Essential background
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1. Historic influences
2. Geographic influences |
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Current Position analysis`
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current political, economic, and international position
- how managers use balance of paynets |
