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22 Cards in this Set
- Front
- Back
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Base of the pyramid
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economies where people make less than $2,000 capita per year
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BRIC
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Brazil, Russia, India, and China
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Emerging Economies
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a term that has gradually replaced "developing countries" since the 1950s
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Emerging Markets
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same thing as an emerging economy
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Expatriate manager
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(expat) a manager who works abroad
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FDI
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Foreign Direct investment
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Global business
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business around the globe. Really?
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Globalization
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the close intergration of peoples and coutnries around the world
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GDP
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Gross Domestic Product. The sum of value added by rsident firms, households, and government operating in an economy
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GNI
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Gross National Income. GDP + income from income from nonresident sources abroad. This is the term used by the World bank and other itnernational organizations to supercede GNP
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GNP
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GDP + income from nonresident sources abroad.
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G-20
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group of 20. The group of 19 major countries plus the EU whose leaders meet on a biannual basis to solve global economic problems
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International Business
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IB. 1) a business firm that engages in international economic activites. 2) the action of doing business abroad
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International Premium
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a significant pay raise when working overseas
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liability of foreignness
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the inherent disadvantage that foreign firms experience in host countries because of their nonnative staus
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multinational enterprise
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MNE. A firm that engages in FDI, or foreign direct investment
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NGOs
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Non-Governmental Organizations.
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PPP
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Purchasing power parity. A conversion that determines the equivalent amount of fgoods and services different currencies can purchase
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Risk management
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the identification and assessment of risks and the preparartion to minimize the impact of high-risk, unfortunate events
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Scenario Planning
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a technique to preapre and plan for multiple scenarios, high risk and low risk
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Semiglobilzation
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a perspective that suggests that barriers to market intergration at borders are high, but not high enough to completely insulate countries from each other
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Triad
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North America, Western Europe, And Japan
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