MGMT 3P98 Chapter Notes - Chapter 1-2: Trans-Cultural Diffusion, Franchising, Niche Market
24 Aug 2016
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Document Summary
Globalization refers to the widening set of interdependent relationships among people from different parts of a world that happens to be divided into nations. The term can also refer to the integration of goods, services, capital, technology and people. International business is defined as all commercial transactions, including sales, investments, and transportation that take place between two or more countries: private companies undertake such transactions for profit; governments may undertake them either for profit or other reasons. The foreign policy globalization index which shows not only that some countries are more globalized than others but also that a given country may be highly globalized on one dimension and not another. Development of services that support international business. Much of what we trade today did not exist a decade or two ago and cannot easily be produced in our own countries.
