Management and Organizational Studies 2320A/B Chapter Notes - Chapter 17: Social Inequality, Real Income, Human Development Index

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Chapter 17: global marketing: globalization: refers to the increased flow of goods, services, people, technolohy, capital, information, and ideas around the world. Its impacts are political, social, economic and environmentak: global markets are a result of reductions in trade barriers, decrease concern if distance and time, standardization of laws across borders, and globally integrated production process. Assessing global markets: firms must asses the viability of a variety of international markets, political/legal, economic, sociocultural, and technology. Embargo is a form of trade sanction prohibits trading with a certain country or trading in specific goods (eg. oil) by other signatory countries: tarrifs (or duty): tax levied on a good imported into a country. I(cid:374)dia (cid:271)ig (cid:373)a(cid:272) is (cid:448)er(cid:455) (cid:272)heap (cid:272)o(cid:373)pared to ca(cid:374)ada. Makes i(cid:374)dia"s exports to canada very cheap, unfair trade advantage to india. High hdi means greater consumption levels, especially discretionary goods and services.

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