GMS 200 Lecture Notes - Lecture 3: Foreign Direct Investment, Clean Technology, World Trade Organization

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborahde Lange

Document Summary

Chapter 3 global dimensions of management: globalization is the process of growing interdependence among the components of the global economy. How to do international business: global sourcing - definitions. Trade: exporting and importing: exporting is a form of international business that involves selling locally made products in foreign markets. Importing is a form of international business that involves buying international made. Licensing and franchising internationally: licensing agreement definition, franchising definition. Joint ventures and strategic alliances: foreign direct investment (fdi) is building, buying all or buying part ownership of a business in another country, riskier investment and hard to take back. Is a local operation completely owned and controlled by a foreign firm. While the subsidiary can be acquired, it may be built entirely new by greenfield investments: wto debate: asia perspective on trade video. When mncs enter other countries to do business (multi national corporation) = mne: problems, excessive profits, economic domination.