BUSI 2701 Study Guide - Comprehensive Final Guide: Ethnocentrism, Mercantilism, Externality
29 Nov 2016
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Shortened: refers to the merging of separate national markets into one huge global marketplace. Global institutions: help manage, regulate, and police the global marketplace and promote the establishment of multinational treaties to govern the global business system. Tries to maintain international peace and security. Cooperates in solving international problems and in promoting respect for human rights. In a center for harmonizing the actions of the nations. its effectiveness has been hampered by organizational issues and competing agendas of member states. High/valued reputation of its individual agencies (unctad - un conferenc on trade and development, who, unesco) General agreement on tariffs and trade (gatt): international treaty that committed signatories to lowering barriers to the free flow of goods across national borders and led to. The first effective worldwide tariff reduction agreement. A forum for negotiating trade and related issues if can not be resolved on a bilateral basis.
