MGTA01H3 Chapter 5: Chapter 5.doc
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MGTA01H3 Full Course Notes
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Document Summary
Japan, china, thailand, malaysia, singapore, indonesia, s. k. , taiwan, philippines, australia, and new. Zealand: chinese economy is 3rd largest after u. s. and japan. Technology companies in this area are struggling: absolute advantage: a nations ability to produce something more cheaply or better than any, comparative advantage: a nation"s ability to produce some products more cheaply or better. Chapter 5: understanding international business into one of the four groups. U. s. , s. k. , kuwait, europe, australia, new zealand, japan, uae, singapore, taiwan. Samoa and thailand unstable govt often regarded as western europe and eastern europe ( germany, u. k. , france and italy: but with the transformation of e. u. Interaction of 4 elements determines the environment in which a nations firms compete. International competitiveness: the ability of a country to generate more wealth than its competitors in world markets. 2006 top three countries in global competitiveness ranking were switzerland, finland, sweden.
