Textbook Notes (363,165)
Canada (158,236)
MGTA01H3 (583)
H Laurence (25)
Chapter 5

Chapter 5 Study Guide

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University of Toronto Scarborough
Management (MGT)
H Laurence

1 Chapter 5: Understanding International Business 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. The contemporary world economy revolves around three major market places: North America, Europe, and Asia-Pacific. These three geographic regions are home to most of the worlds largest economies, biggest national corporations, most influential financial markets, and highest income consumers Per Capita Income: the average income per person of a country (annually) High Income Countries: annual per capita income exceeds U.S. $10 065 Canada, Japan, United States, most countries in Europe, Australia, New Zealand, South Korea, Kuwait, the United Arab Emirates, Israel, Singapore, and Taiwan (Hong-Kong falls in here even though not an independent nation) Upper-Middle Income Countries: annual per capbetween U.S. $3255 and U.S. $10065 www.notesolution.com
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