COMMERCE 4SA3 Lecture Notes - Lecture 2: Marginal Cost, Country Risk, North American Free Trade Agreement
16 Nov 2017
School
Department
Course
Professor
Document Summary
Introdu(cid:272)tion to international (cid:271)usiness (cid:894)(cid:272)ont"d(cid:895) putting canada in the picture. New market opportunities levels of income stream. Trade theories read only (determine why production at lower price (global economic efficiency) with international trade than with no trade is higher. International organizations un, nato, the world bank, gatt or wto, oecd, the imf, opec (why is it important to know them?) Un: facilitates peacekeeping in the world and work to develop friendly relations between countries, has 5 main bodies, general assembly all member countries, each one equal vote regardless of size, power or wealth. To raise income for less developed countries: security council 15 members 5 permanent (can veto any measure) International court of justice world court (arbitrator between states, decisions are final; judges come from 15 diff. countries: secretariat, world health organization. Nato (north atlantic treaty organization: provide collective defence against the perceived soviet threat to western. Focus has shifted since the fall of soviet union to international security.
