ADMS 1000 Lecture 7: Session 7

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Paulette Burgher

Document Summary

Case: beijing and the calgary oil sands. (p. 306-308) Identify factors that have encouraged the globalization of business. Describe the central channels or forms of global business activity. Discuss the importance and consequences of multinational and borderless corporations. Explain the purpose of protectionism and its relationship with international trade. Discuss the implications of nafta for canada and the canadian business environment. Avoids the need to build factories in host country (eg. nike) Access to cheap labour reduces cost of production versus using domestic labour in. Licensing is an agreement where the licensor or exporter grants a foreign firm the right to use intellectual property. The franchisee is the dealer who is permitted to sell the goods/services of the franchiser in exchange for some payment. For example, operations in one country controlled by entities in a foreign country though some financial ownership in the company. Usually two firms join together to create new firm with a new identity.