BUS 201 Lecture Notes - Lecture 5: Cash Flow, General Agreement On Tariffs And Trade, Foreign Direct Investment

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Peter Tingling

Document Summary

1)the contemporary global economy: total volume of world trade trillion/yr, globalization, the integration of markets globally, the world is becoming a single interdependent system, diversity of gods and services available from international trade. Imports: products purchased in canada that are manufactured in other countries, exports, products made in canada that are purchased by consumers in other countries, major world marketplaces, per-capital income. Average income per person in a country, to make distinctions among countries: high-income countries, annual per-capital income greater than us. : canada, united states, most european countries, United arab emirates, oman: upper-middle income countries, annual per-capital income between us 61144036 and us , china, columbia, lebanon, turkey, argentina, Low-middle income countries: annual per-capital income between us and. Low income countries: annual per-capital income of us or less, bangladesh, ethiopia, haiti and afghanistan, due to low literacy rates, weak infrastructure, unstable governments and related problems. Less attractive for international business: geographic clusters.