ADMS 1000 Lecture Notes - North American Free Trade Agreement, Starbucks

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Peter Tsasis

Document Summary

Involves integration of world markets (mcds, nike, sony expanding worldwide) Includes worldwide transactions, becoming a global economy and greater foreign investment. Pull factor: reasons a business would gain from entering the international context. Resources that are too costly in home country can be cheaper elsewhere. Push factor forces that act upon all business to create an environment where competing successfully requires competing globally to enter. Being forced to expand globally in order to sustain the business against other expanding competitors (business get a first mover advantage if they do it 1st) Easier entry, greater acceptance has allowed more businesses. General push toward free trade has encouraged increased international business (nafta) Technology has made cross border interaction more efficient and easier. Canada is the 5th largest exporter/importer which is 70% of our gdp (40% is exp) Direct/foreign investment: purchasing physical assets or an amount of ownership to gain management.