GMS 200 Lecture 4: Week 4

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Robert Hudyma

Document Summary

Global economy resources supplies, product market, and business competition are worldwide in scope. Globalization is the process of growing interdependence among elements of the global economy. International management involves managing operations in more than one country. Global manager is culturally aware and informed about international affairs. This person is aware of international development, working with people from different cultures and changes in the world. Is a place of dramatic political and economic development. European union is expanding to 22 countries that agree to support mutual economic growth by removing barriers and eliminate frontier controls, create uniform minimum technical product standards, and lift competitive barriers for banking and insurance. The expected regional benefits of an expanding eu includes higher productivity, lower inflation and steady growth. Have over 375 million customers and mexican have child labour. Canada, united sates and mexico are joined in the north american trade.