Textbook Notes (368,720)
Canada (162,105)
MGTA01H3 (583)
Chapter 5

Chapter 5 Notes

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Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird
Semester
Fall

Description
Chapter 5 Notes: International Business The Contemporary Global Economy Trade happened back in 2000BCE North African traded dates and clothing for olive oil and spices with the middle east More countries are encouraging international trade Offer Incentives for their own domestic firms to expand internationally Open board for foreign businesses New technologies contributes to the expanding globalization Easier, faster and cheaper to travel, communicate internationally The Major World Marketplaces 3 Major Marketplaces: North America, Europe and Asia-Pacific World Bank uses per capital to divide countries into 4 groups High income Upper middle income Low middle income Low income (aka developing) countries North America USA- single largest marketplace USA & Canada= each others largest trading partner Businesses would operate in both countries Mexico Major manufacturing centre (cheap labour and low transportation cost) Attracts foreign firms to build manufacturing plants Europe 2 regions: western and eastern Europe Page 1 www.notesolution.com
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