ADMS 2600 Lecture Notes - Customs Union, Economic Union, Canadian Business

• School: York University
• Department: Administrative Studies
• Course: ADMS 2600
• Professor: all

Document Summary

Textbook: exploring the canadian business environment len karakowsky. Identify factors that have encouraged the globalization of business. Factors that have encouraged globalization can be categorized into two categories: push factors and pull factors. Pull factors: these are reasons a business would gain from globalizing. Potential for sales growth: a significant number of large firms generate most of their sales outside of the home country, having access to foreign customers may mitigate the negative effects of an economic downturn in the home country. Push factors: these are reasons a business would leave an area to expand internationally. These factors create an environment where competing successfully means competing internationally. Shift toward democracy: societies that were formerly economically and politically repressed create new market opportunities, foreign investment can generate interest when privatization is in place (like in china) The increase in global business activities can be attributed to a reduction in trade and investment restrictions.