BUS-D 270 Lecture Notes - Lecture 12: Ethnocentrism, Trade Wars, Volkswagen
Document Summary
Video: florida students mobilize for gun control. One piece of a series to lead to change. Loss of sovereignty, local objectives, overdependence, xenophobia. Governments and society are motivated to protect their cultural identity. The political + legal system can favor or discriminate against foreign mncs. Unstable political situations tend to create pressures for dramatic changes. Countries have differing opportunities + challenges for firms. Unstable economic situations tend to create pressures for dramatic changes. The economic health of a country may affect local reactions toward foreign firms. Governments have control over its borders & economy because of sovereignty. The mnc as an actor and instrument of fdi. Mnc evokes a love-hate relationship from home and host countries. Demands = not always rational + may often conflict. Foreign managers may be impacted due to their country of origin (wearing flag on our chest) Actors in the world economy: government, mne (job creation, technology, g&s), size + global footprint, society.
