GEB 3373 Lecture 2: chapter 1 notes pt 2
25 Jan 2019
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Why both studying international business: to beat your competition, to learn worldwide business techniques, to use cultural literacy to your advantage, to make more money. Exporting and importing: exporting: selling of products made domestically for use/re-sale abroad. Importing: buying of products made abroad for use domestically: merchandise (tangible or visible trade) cars, food, oil, textiles, services (intangible or invisible trade) banking, travel/tourism, accounting, consulting. Other business activity: multinational corporation (mnc) firms that engage in fdi and own or control value- adding activities in more than one country, multinational enterprise (mne) like above but not a corporation; partnership, llc. Globalization worldwide economic, social, technological, cultural, and political integration among individuals, groups of people, companies, and nations. Six aspects of globalization: technological (new inventions) International licensing: co allows use of intellectual property abroad (patents, trademarks, copyrights) International management contract firm agrees to operate facilities or provide management services to firm abroad. Global energy growth growth in gdp and primary energy.
