COMM 296 Chapter Notes - Chapter 7: International Monetary Fund, World Trade Organization, Gross Domestic Product
Document Summary
Globalization of production (offshoring): refers to manufactures" procurement of: including services financial services is largest private-sector for offshoring location krakow, poland) World trade organization (wto): replacing gatt; an agreement dealing with: global hunt for talent in hope to reduce cost (ie. ibm invest in low-cost global rules of trade among nations to ensure smooth, predictable, free trade flows. International monetary fund (imf): primary purpose is to promote international monetary cooperation and facilitate the expansion and growth of international trade income countries to reduce poverty in developing world. World bank group: development bank providing services to low- and middle- Cons of globalization: violation of workers" rights in poorer countries with no labor laws; loss of individual identities and cultures in countries (2) describe the components of a country market assessment. Methods in assessing global markets: economic analysis using metrics: the greater the wealth/healthier it is in a country, the better the opportunity a firm will have in that particular country.