Textbook Notes (369,133)
Canada (162,403)
MGTA01H3 (583)
Chapter 5

Chapter 5

3 Pages

Management (MGT)
Course Code
Chris Bovaird

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Chapter 5 Understanding International Business Termsglobalization the integration of markets globallyimports products that are made or grown abroad and sold in Canadaexports products made or grown in Canada that are sold abroadper capita income the average income per person of a countryThe Major World Marketplacethe contemporary world economy revolves around three major marketplaces North America Europe and AsiaPacifichigh income countries are countries with per capita income greater than US 10065 The list includes Canada the US most countries in Europe Australia Japan South Korea Kuwait the United Arab Emirates Israel Singapore Hong Kong and Taiwanuppermiddle income countries are those with per capita between US 3255 and US 10 065 include the Czech Slovakia Greece Hungary Poland Turkey most countries comprising the former Soviet Bloc Mexico Argentina and South Africalow middle income countries are those with per capita between US 825 and US 3255 Among the countries in this group are Colombia Guatemala Samoa and Thailand Some of these countries such as China and India possess high populations and are seen as potentially attractive markets for international businesslow income countries called developing countries are those with annual percapita income of less than US 825 Due
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