MGTA01H3 Chapter Notes - Chapter 5: Foreign Investment Review Agency, Canadian Dollar, Businessworld
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MGTA01H3 Full Course Notes
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Document Summary
Total volume of world trade around trillion each year. More and more firms engage in international business=world economy fast becoming single interdependent system. Success of many canadian firms depends in large part on exports. Imports: products that are made or grown abroad and sold in canada. Exports: products made or grown in canada that are sold abroad. Imports now represent only slightly higher proportion of gdp than they did 100 years ago. Capital mobility (movement of money from country to country) about same as it was in 1914. More countries freely opening their borders to foreign businesses, offering incentives for their own domestic businesses to expand internationally and making it easier for foreign firms to partner w/ local firms through various alliances. As more industries & markets become global, firms that compete in them also becoming global. Governments and businesses become more aware of benefits of globalization to their countries and shareholders.
