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Lecture 7

ADMS 1000 Lecture Notes - Lecture 7: Mercantilism, General Agreement On Tariffs And Trade, Foreign Direct InvestmentPremium


Department
Administrative Studies
Course Code
ADMS 1000
Professor
Eytan Lasry
Lecture
7

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ADMS1000Lecture7:TheGlobalContext
DefiningGlobalization:
Aprocessinvolving:
theintegrationofnationaleconomiesfacilitatedbyinstitutionslikeNAFTA,EU,
APEC,WTO...
thegenerationofasingleworldeconomicsystem.
theexpansionofthedegreeandformsofcrossbordertransactions.
● thegrowthindirectforeigninvestmentinregionsacrosstheworld.
● theshifttowardincreasingeconomicinterdependence.
Freemovementofgoods/services,capitalandlabouriscriticaltoglobalization

ChannelsofGlobalBusinessActivity
● Exportinggoods/services
● ContractualagreementsandStrategic
Alliances:
○ Outsourcing
○ Licensing/Franchising
○ Marketing/distribution
agreements
● ForeignDirectInvestment(FDI):
○ Jointventures
○ Whollyownedsubsidiaries
(greenfieldventuresor
acquisitions)
InboundandOutboundFDI
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