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Lecture

International Business – Corporations Among Nations.pdf

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Department
Management
Course
MGC2120
Professor
Dr Lakmal Abeysekera
Semester
Spring

Description
International  Business  –  Corporations  Among  Nations  (lecture  note)   Regional  Economic  Integration   US:  there  was  no  need  for  trade,  however,  stronger  now  (trade  to  asians)     Agreement  between  countries  to  reduce  tariffs.  It  does  promote  free  trade,  but   moving  to  regional  trade  blocs  compete  against  each  other.     -­‐  bi-­‐lateral:  most  common,  come  to  trade  agreements  (selectedaspects  of  the  eco)   -­‐  regional:  EU,  multiple  countries  that  go  far  beyond  tradeagreements,  much  more   complext   -­‐  multi-­‐regional:  more  countries  come  together   -­‐  international:  no  foreign  exchange   -­‐  high-­‐level:  EU,  multiple  elements  of  the  region  has  been  integrated  into  one   -­‐  low:  bi-­‐lateral     -­‐  esp  when  firms  based  in  EU,  compete  with  US  firms,  its  mucheasier  for  US  firms  to   capture  market  overseas.  economic  clout-­‐greater  economic  impact   -­‐  we  are  becoming  similar  (social/cultural),  we  are  converginginto  one  model.   **have  to  make  your  own  perception  of  what'shappening  out  there  in  the  culture**   its  difficult  to  make  multiculturalism  work.     -­‐  compete  easier  as  a  group   -­‐  would  you  happy  to  be  identified  as  someone  who  is  a  part  of  the  trading  bloc  but   not  australian?   -­‐  trade  creation  -­‐  advantages  from  free  trade  area   -­‐  diversion  -­‐  no  create  more  trade,  things  just  get  cheaper   Levels  of  Economic  integration:  green  area  is  the  least  integrated   -­‐  same  policies:  Aus  and  NZ  have  the  same  policies  whiledealing  with  Indonesia.     -­‐  common  market:  factors  of  production(controversial),  the  movement  of  land  is   impossible,  movement  of  capital  is  more  fluid  now,  movement  of  labour(?):  aus  gets  
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