MGTA01H3 Chapter 5: Chapter 5 Readings

98 views14 pages
10 Jan 2012
School
Course
noahrosa0429 and 39878 others unlocked
MGTA01H3 Full Course Notes
14
MGTA01H3 Full Course Notes
Verified Note
14 documents

Document Summary

Chapter 5 y globalization; the integration of markets globally. y y exports; products made or grown in canada that are sold abroad. Imports; products that are made or grown abroad and sold in canada. Trade can be traced back as far as 2000 bce, when. North africa tribes took dates and clothing to assyria and babylonia in the middle and traded them. International trade is becoming increasingly central to the fortunes of most nations of the world. y today more and more countries are encouraging international trade. For one thing governments and business have simply become more aware of the benefits of globalization to their countries and shareholders. Major world marketplaces y contemporary world economy revolves around three major marketplaces: north america, Europe, and asia pacific -> home to largest economies. y world bank uses per capita income to divide countries into 4 groups: high-income countries; countries with per capita higher than 065.