COMM 102 Lecture Notes - Lecture 5: World Trade Organization, Mercosur, Free Trade Area Of The Americas
Document Summary
Recognizing and reacing to internaional business opportuniies. Being aware of threads from foreign compeitors. The word global refers to a boundless mobility and compeiion in social, business, and intellectual arenas. Having a global vision has become a business imperaive. Having a global vision means recognizing and reacing to internaional business opportuniies, being aware of threats from foreign compeitors, and efecively using internaional networks to obtain raw materials and move inished products to the customer. 57% of our imports are from the us. Almost 84% of our trade is with the us. (much to do with auto increasing) We are major exporters of natural resources (energy of 30%+) China, india and brazil are becoming increasingly important as target markets for our exports. In recent years success in high tech sector is low. Global recogniion of products and brand names. No one country can produce all the products that its people want and need.
