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Textbook Notes for GMS 724 at Ryerson University

RYERSONGMS 724Howard LinWinter

GMS 724 Chapter Notes - Chapter 1-14: Foreign Direct Investment, Gross Domestic Product, Gross National Income

OC194346228 Page
5 Aug 2017
0
Lecture 1 ch 1 globalization and international business. > international business: consists of all commercial transactions including sales, investments
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RYERSONGMS 724Jim EverardWinter

GMS 724 Chapter Notes - Chapter 3: Economic Freedom, Planned Economy, State Capitalism

OC646019 Page
15 May 2015
82
Managers study a country"s economic environment to assess its performance, and estimate its potential: studying an economic environment helps managers
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RYERSONGMS 724Jim EverardWinter

GMS 724 Chapter Notes - Chapter 1: International Business, Offshoring, Strategic Alliance

OC646017 Page
15 May 2015
82
To define globalization and international business and show how they affect each other. Figure 1 factors in international business operations. This fig
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RYERSONGMS 724Lori Anne HeckbertFall

GMS 724 Chapter Notes - Chapter 11: Exchange Rate, Oligopoly

OC7130715 Page
14 Jan 2016
38
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RYERSONGMS 724Jim EverardWinter

GMS 724 Chapter Notes - Chapter 5: Neomercantilism, Absolute Advantage, Comparative Advantage

OC646019 Page
15 May 2015
37
Factor mobility: movement of capital, technology, and people. Countries question what and who they should trade with. Laissez-faire approach: allow mar
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RYERSONGMS 724Jim EverardWinter

GMS 724 Chapter Notes - Chapter 8: Foreign Exchange Market, The Foreign Exchange, Money Market Fund

OC646018 Page
15 May 2015
30
Foreign exchange: money denominated in the currency of another nation or group of nations. Foreign exchange market: the market in which the currency ex
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RYERSONGMS 724Lori Anne HeckbertFall

GMS 724 Chapter Notes - Chapter 10: Market Fundamentalism, Transact, Protectionism

OC7130716 Page
14 Jan 2016
22
Industry structure: the makeup of an industry (its number of sellers and their size distribution, the nature of the product, and the extent of barriers
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RYERSONGMS 724Jim EverardWinter

GMS724 Chapter 11: Country Evaluation and Selection.docx

OC646019 Page
15 May 2015
44
When making country selection decisions companies must consider: where to locate sales, production, and administrative and auxiliary services, the sequ
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RYERSONGMS 724Howard LinWinter

GMS 724 Chapter Notes - Chapter 5: Statics, Neomercantilism, Absolute Advantage

OC276723 Page
31 Mar 2015
75
Laissez-faire versus interventionist approaches to exports and imports. Free-trade theories (absolute advantage and comparative advantage) take a compl
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RYERSONGMS 724Jim EverardWinter

GMS724 Chapter 12: Direct Investment and Collaborative Strategies.docx

OC6460110 Page
15 May 2015
43
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RYERSONGMS 724Lori Anne HeckbertFall

GMS 724 Chapter Notes - Chapter 4: Fatalism, Ethnocentrism, Collectivism

OC7130714 Page
14 Jan 2016
21
Culture: learned norms based on the values, attitudes, and beliefs of a group of people regulated by people cultural diversity. Every business employs,
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RYERSONGMS 724Lori Anne HeckbertFall

GMS 724 Chapter Notes - Chapter 9: European Exchange Rate Mechanism, Fisher Hypothesis, European Central Bank

OC7130717 Page
14 Jan 2016
14
In 1944, near the end of wwii, the major allied governments met to determine what was needed to bring economic stability and growth to the post-war wor
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