Globalization goes through (in detail) the globalization module with examples

2 Pages
Unlock Document

Accounting & Financial Management
AFM 131
Robert Sproule

September 16, 2010 Globalization Impact on our daily lives? - Economic (has been laid out in the past few years in terms of the unprecedented global meltdown) - Financial (ex. Money invested in GM, Ford, Chrysler) - Personal (personal debt at record level; interest rates Threat of stimulus spending of governments around the world attempt to deal with the crisis...creates deficits  Volatility of exchange rate Trade Between Canada and the United States - Canada is importing far more than we are exporting - Major trading partner: US - Our ability to trade is related to what is going on in the US Abdulmutallab incident - Guy on a plane tried to blow it up - US now believes they need to protect their country from foreign based terrorists - Increased security at the border discourages trade because of longer trips/travel time Why export (and not just build a subsidiary) - Cheaper (at first) - Maintain quality - Gain access to a foreign market - Simplest with lowest investment, risk and returns Why build a foreign subsidiary? - Helps you in terms of expanding - Reduce costs if the resources are plentiful and/or cheaper - Immedi
More Less

Related notes for AFM 131

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.