BUSI 3703 Lecture Notes - Lecture 1: General Agreement On Tariffs And Trade, Emerging Markets, International Business
11 Mar 2018
School
Department
Course
Professor
Document Summary
The formulation of strategies and management systems to take advantage of international opportunities and respond to international threats. A multinational company is any company that engages in business functions beyond its domestic borders. Most multinational companies (mncs) are multinational corporations. Globalization: the (cid:449)o(cid:396)ld"s e(cid:272)o(cid:374)o(cid:373)ies a(cid:396)e (cid:271)e(cid:272)o(cid:373)i(cid:374)g borderless and interlinked. Companies are no longer limited by their domestic boundaries and may conduct any kind of business activity anywhere in the world. Globalization creates a changing, but not uniform, and not always stable, environment for business. Developed countries (the arrived) have mature economies with substantial per capita (gdp), international trade and investments e. g. , the united. Developing countries (the arriving) have economies that have grown extensively over past two decades e. g. , Transition economies are countries that have changed from mostly communist systems to market/capitalistic systems e. g. , the czech republic, hungary, poland, Emerging markets are those countries whose economies are growing rapidly e. g. , brazil, russia, india, The world trade organization and free trade areas.
