ADM 1100 Lecture Notes - Lecture 3: Dominican Republic–Central America Free Trade Agreement, North American Free Trade Agreement, Ethnocentrism

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Christopher Ksoll

Document Summary

Adm 1100 chapter 4 review and discussion questions: contrast ethnocentric, polycentric, and geocentric attitudes toward global business. Ethnocentric attitudes mean that you believe that the way business is done in your country is the superior way and should be applied to other markets outside of your country as well. Polycentric aptitudes mean that you believe that the home country knows the best way to conduct business in their country. The eu is regional trading alliance of european democratic countries united in trade and freedom of movement. The eu was formed to regain the economic dominance of. Europe in the face of economic powerhouses usa and japan. American free trade agreement it allows canada usa and mexico to conduct free trade by eliminating all barriers between them. The cafta is the central american free trade. Agreement this agreement is like nafta but for central american countries and the. Multinational corporations are corporations which operate in multiple countries.