IB 150 Lecture Notes - Lecture 3: Jet Aircraft, Foreign Direct Investment, General Agreement On Tariffs And Trade
31 May 2017
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Formal structure for continued negotiations and for settling disputes among nations. 1947: nations met to reduce tariffs from 45% to less than 5% now the general agreement on tariffs and trade (gatt) 1986: negotiations began in uruguay to continue reducing tariffs. Trade is good, otherwise you wouldn"t do it. Foreign direct investment (fdi) occurs when a multinational company from one country has an ownership position located in another country. Developed countries get the bulk of fdi (69%) while developing countries get around 30% Implications for managers significant opportunities and risks around the world. 1500-1840 best average speed of horse-drawn coaches and sailing ships, 10mph. 1850-1930 steam locomotives average 65mph, steamships average 36mph. Production dispersed to economical locations dues to transportation and communication advances. The rise of global products and global customers. The needs of customers for many products and services are growing more similar, e. g. mcdonald"s, boeing, toyota.
