Textbook Notes (363,693)
Canada (158,533)
MGTA01H3 (583)
Chapter 5

Chapter 5 notes (What I used to study for final)

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Management (MGT)
Chris Bovaird

CHAPTER 5 Globalization: the integration of markets globally Imports: products that are made or grown abroad and sold in Canada Exports: Products made or grown in Canada that are sold abroad - Global trade dates back to 2000 BCE, when North Africans traded wit the Middle East - Countries encourage international trade - Easier access to international travel makes it more common - Competitive pressure to keep up with competitors causes it as well - three major world market places: North America, Europe and Asia-Pacific Per capita income: the average income per person of a country High income countries > 10 065 USD 10 065USD > Upper middle income > 3255 USD 3255 USD > Lower middle income > 825 USD 825 USD > Low income www.notesolution.com
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