GMS 200 Lecture Notes - Lecture 3: Proxemics, World Resources Institute, Sustainable Development

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

Document Summary

Globalization is the process of growing interdependence among the components of the global economy. 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. A licensing agreement occurs when a firm pays a fee for the rights to make or sell another company"s products in a specified region. Franchising involves buying the rights to use another"s name and operating methods in it"s home country. Foreign direct investment (fdi) is building, buying all, or buying par ownership of a business in another country. A joint venture operates in a foreign country through co-ownership arrangements that pool resources and share risks and control of business operations. A foreign subsidiary 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.