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27 Cards in this Set
- Front
- Back
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Define International Managemtent
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Applying management concepts and techniques in a multinational environment and adapting management practices to different economic, political, and culteral environments
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What is NAFTA and who is part of it?
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North American Free Trade Act between U.S., Canada, and Mexico
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Who is the Mexican President?
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Felipe Calderon
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Who is the largest trading partner to the US and what is their #1 trade?
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Canada trading lumber
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What is the future of NAFTA?
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Enlargement; where other countries want to join
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What is the EU?
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The European Union is a political and economic community consisting of 27 member states where trade barriers between those countries have been removed. "plan globally, act locally"
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How many nations did the EU start with? How many currently?
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Started with 15. Currently has 27
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What is the significance of the Euro?
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Euro was used to create value in the currency for countries who participated.
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What is the value of the Euro to the U.S. dollar?
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1.24
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What does GATT stand for and who replaced them?
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General Agreement on Tariff's and Trade. GATT replaced by WTO
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What is WTO?
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World Trade Organization. It is the most favored nation status and controls 90% of World Trade
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What are the top 3 most populated countries?
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1- China, 2- India, 3- U.S.
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Which countries are the top 3 World Economies?
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1- U.S., 2- Japan, 3- Germany
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What is the current economic situation of Japan?
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Japan has been in a rescession for over a decade (10 years)
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What is Keiretsus?
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Organizational arrangement in which a large group oof vertically intergrated companies are bound together by cross-ownership, interlocking directorates, and social ties provide goods and services
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What is the population of China?
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1.3 billion (largest in the world)
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What happened in China that put them on the radar with the Olympic Federation?
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There was controversy about the age of one of the gymnist.
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Who is the president of Russia?
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Dimitri Medvedev and he was appointed President, never been elected into office. Responsible for invasion of Georgia
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Which countries are considered "The 4 Tigers"?
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S. Korea, Hong Kong, Singapore, and Taiwan
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Who are the most competive nations?
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#1 is the United States! 2- Singapore, 3- Finland, 4- Netherlands, 5- Switzerland, 6- Luxembourg, 7- Ireland, 8- Germany, 9- Sweedenn, 10- Iceland
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Which countries in Central and Eastern Europe are doing the BEST?
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Czech Repulblic, Hungary, and Poland have transitioned into Market Economies with Russia
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Which country in Eastern Europe is doing the WORST?
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Albania. They have refugee issues, human trafficking, drugs, international territory disputes, etc.
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Which countries in Latin and South America experienced difficult economic problems?
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Brazil, Columbia, Argentina, and Venezuela
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Who is the president of Venezuela?
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Hugo Chavez
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What is happening to the democracy of Venezuela?
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becoming a Communist country and disbanding congress. Chavez is close with Fidel Castro.
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What hardships is Africa experiencing?
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Poverty, diversity, and corruption.
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Which country has "keiretsus"?
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Japan
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