AFM131 Chapter Notes - Chapter 3: Foreign Direct Investment, Canada Border Services Agency, Multinational Corporation

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM131
• Professor: Robert Sproule

Document Summary

Over 90% of companies doing business globally believe it"s important for their employees to have experience working in other countries. Canada is a market of more than 34. 8 million people, whereas there are over 7 billion potential customers in independent countries that make up the global market. Both large and small companies continuously look for opportunities to grow their business. No country can produce all the products that its people want and need. Even if a country did become self sufficient, other nations would seek to trade with that country to meet the needs of their own people. Countries like venezuela and russian have an abundance of natural resources, where has japan and switzerland have sophisticated technology. Global trade enables a nation to produce what is most capable of producing and to buy what it needs from others in a mutually beneficial exchange relationship. Free trade is the movement of goods and services among nations without political or economic barriers.