FM 117 Lecture Notes - Lecture 11: Gross Domestic Product, Global Marketing, Foreign Exchange Controls
5 Oct 2016
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Document Summary
The united states derives 14 percent of gross domestic product (gdp) from world trade. Since 2009, growing exports have added 6. 1 million private sector jobs to the us economy. 287,000 small and medium size firms export goods from the u. s. Threat of outsourcing if workers do not accept pay cuts. Offers access to foreign capital, global export markets, and advanced technology. Companies operate in one country and sell into others. Operate an entire line of business in another country. Account for 19 percent of u. s. private jobs. 41 percent of the increase in private labor productivity. Technology is capital intensive and does not necessarily increase employment. Support governments that benefit the company, not the necessarily the country and its people. May take away more wealth than they generate. Culture, natural resources, economic development, political structure, demographic makeup. Culture: common set of values shared by its citizens that determine what is socially acceptable (handed down from one generation to the next)
