MGTA01H3 Study Guide - Absolute Advantage, Currency Crisis, Comparative Advantage
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MGTA01H3 Full Course Notes
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The rise of international business becoming a single interdependent system process called globalization. More firms are engaging in international business, the world economy is. Imports products that are made or grown abroad and sold in canada. Exports products made or grown in canada that are sold abroad. Trade between nations have been going on since 2000 bce. But international trade is becoming increasingly central to the fortunes of. More countires are now aggressively encouraging international trade opening their borders to foreign businesses, offering incentives for domestic business to expand internationally also going global. As industries and markets become global firms that compete in them are. Forces that combined to spark and sustain globalization benefits of globalization to their countries and shareholders. Governments and businesses have become more aware of the commerce increasingly easier, faster and cheaper. New technologies make international travel, communication and enter foreign markets to keep up with its competitors.
