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10 Cards in this Set
- Front
- Back
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International Business |
any commercial transaction that crosses the borders of 2 or more nations |
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Globalization |
the trend toward greater economic, cultural, political, and technological interdependence among national institutions and economies |
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Globalization index |
1) economic integration 2) personal contact 3) technological connectivity 4) political engagement |
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Globalization of Markets and Production |
two major areas of business in which globalization has profound effects |
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Forces driving glovalization |
1) Falling barriers to trade and investment 2) technological inovation |
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Extranet |
gives distributors and suppliers access to company's database to place orders or restock inventories electronically and automatically |
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Global products |
products marketed in all countries essentially without change |
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advances in technology allow-- |
small and medium firms to be more involved in international business |
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pro globalization debate |
increases wealth and efficiency in all nations, generates labor market flexibility in developed nations, and advances economies of developing nations |
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anti globalization debate |
eliminates jobs in developed nations, lowers wages in developed nations and exploits workers in developing nations |
