MGM102H5 Chapter Notes -Outsourcing, Offshoring
Document Summary
Six fundamentals that governments need to commit are: ongoing commitment to international trade system > refers to the need for countries to adhere trade policies, market openness > refers to the need for developing economies to maintain a focus on the core elements of an open economy, absence of protectionism > restrict markets to foreign competitors, adherence to fair trade > governments will seek to eliminate black markets, balanced economic development >the development of internal markets for goods and services results in a stronger economic base and expanded economic activity, which is essential to ensuring that nations create stability and growth in the standard of living for their citizens and residents, responsible sovereign debt management > sovereign debt: debt issued or guaranteed by a national government. Foreign exchange influencers: gdp movement , government budget deficit/surpluses, trade balance, consumer price movements, capital mobility and supply, movement in domestic income level.
