MGTA01H3 Chapter Notes - Chapter 5: International Business

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3 Feb 2013
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Chapter 5 understanding international business
The rise of 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 global economy
- International business has been around for a long time
- Imports now represent only a slightly higher proportion of gdp
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