BUS 150 Lecture 3: Chapter 3 Business in Action Trading Blocs
Document Summary
Organizations of nations that remove trade barriers among their member countries and establish uniform barriers to trade with non-member nations. Now accounts for the world"s largest economy. Eu nations have eliminated hundreds of local regulations, variations in product standards, and protectionist measures that once limited trade among member countries. An organization of 21 countries working to liberalize trade in the pacific rim. Has a long-term goal of liberalizing and simplifying trade and investment among member countries and helping the region as a whole achieve sustainable economic growth. A shared system of symbols, beliefs, attitudes, values, expectations, and norms for behavior. Judging all other groups according to the standards, behaviors, and customs of one"s own group. Assigning a wide range of generalized attributes, which are often superficial or even false, to an individual based on his or her membership to a particular culture or social group.
