CAOT 31 Lecture Notes - Lecture 3: Emerging Markets, International Business, Walmart
3 Oct 2020
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International business: a business that engages in international economic activities and/or the action of doing business: multinational enterprise (mne): a firm that engages in foreign direct investment. Global business and emerging economies: emerging economy: a term that has gradually replaced the term "developing country" since the. It seems that emerging economies as a group are destined to grow both their absolute gdp and their percentage of world gdp relative to developed economies. Why study global business: mastering global business knowledge helps advance your employability and career in an increasingly competitive global economy. A unified framework: the study of global business is quite interdisciplinary. Firms that do not do their homework and thus remain ignorant of the rules of the game in a certain country are not likely to emerge as winners. What is globalization: globalization (generally) is the close integration of countries and peoples of the world. Western countries committed to global trade and investment; communist countries (china,
