BUS201 Lecture Notes - Lecture 1: World Trade Organization, International Monetary Fund, Foreign Direct Investment

164 views26 pages

Document Summary

The political economy of international trade 12. Globalization refers to the shift toward a more integrated and interdependent world economy. Globalization of production: sourcing goods & services from locations around the globe to take advantage of national differences in the cost and quality of factors of products: companies can, lower their overall cost structure. Improve the quality or functionality of their product offering. Drivers of globalization: decline in trade and investment barriers, fdi: when a firm invests resources in business activities outside home country, lowering of tariffs to 4, technological change, microprocessors and telecommunication, transportation technology. Implications for firms: lower barriers greater market base & more locations for production, lower transportation costs firms can disperse production, lower information processing & communication costs. Changing demographics of global economy: changing world output & world trade, 1960: usa = 40% of world economic activity.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions