ADMS 1000 Chapter Notes - Chapter 8: Economic Union, North American Free Trade Agreement, Customs Union

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ADMS 1000 Full Course Notes
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ADMS 1000 Full Course Notes
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Globalization can be considered a process that is expanding the degree and forms of cross-border transactions among people, assets, goods, and services. Globalization refers to the growth in direct foreign investment in regions across the world. Globalization reflects the shift towards increasing economic interdependence. the process of generating one world economic system or a global economy. Positive outcomes a business would gain from entering the global market include the potential for sales growth and the opportunity of obtaining needed resources. Forces that act on all businesses to create an environment where competing successfully means competing globally. Include the forces of competition, the shift toward democracy the reduction in trade barriers, and improvements in technology. The benefits of being among the first to establish strong positions in important world markets. A government barrier that prevents the free trade of imported goods and services into a country via tariffs, quotas, subsidies, and so on.

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