MGTA01H3 Chapter Notes - Chapter 5: Franchising, Language Barrier, Protectionism
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
Globalization: integration of markets globally, becoming a single interdependent system. Imports: products that are made or grown aboard and sold in canada. Exports: products that are made or grown in canada and sold aboard. Government regulates flow of capital (more fluid than before) Flow of people also fluid right now (passport, visa) More freely to open borders, offer incentives for going international and easier to partner with foreign local firms. Government and business more aware of the benefits of globalization. New technology make international travel and communication and commerce faster easier and cheaper. Competitive pressure to enter foreign markets to keep up with competitors. Per capita income: average income per person of a country. High income countries: us ; most western and asia pacific countries. Low middle-income countries: us-3225; huge population countries (china, india), potentially attractive market. Low-income countries: us835 or less; low literacy rate, weak infrastructures, unstable government. Us and canada are each other"s biggest trading partner.
