ADMS 1000 Lecture Notes - Foreign Direct Investment, North American Free Trade Agreement, Mercantilism

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

Document Summary

Lecture 7 the global context [part 1] june 26. A process involving the integration of world economies facilitated by bodies such as nafta, eu, apec, asean etc. Free movement of goods/services, capital and labour is critical to globalization. Increased cross border transactions, fdi & economic interdependence. What strategies can firms use to do business abroad: exporting goods/services, contractual agreements and strategic alliances: Indicates that the nationality of the organization is unclear. There is no allegiance to a particular country or location: e. g. nestle, coca cola, mcdonalds . Financial, technological, human capital are easily transferred between countries. The purchase, sale or exchange of goods or services across countries. The logic of trade: encourages nations to specialize in goods/services in which they are most efficient and trade with other countries for goods/services not produced domestically: comparative advantage (david ricardo) International trade: a brief history or services exceeds imports.