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

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Department
Accounting & Financial Management
Course
AFM 131
Professor
Robert Sproule
Semester
Fall

Description
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
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