MGMT-201 Chapter Notes - Chapter 6: Foreign Direct Investment, International Trade, International Monetary Fund
17 Jan 2016
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Increasing movement of goods, services and capital across borders. Build a successful business in the home country. Then export products or services to other countries. Purchase raw materials, components and supplies from sellers abroad. Company, individual or fund invests money in another country. Buying shares or loaning money to a foreign firm. 1/5 of all goods and services is sold to other nations. 3 institutions that set the rules of international commerce. Provided by other members and international capital markets. Most favored nation rule means members can"t discriminate. The best rates have to be given to all countries. Prevents nations from adopting policies promoting environmental or social objectives if these discriminate against products from other countries. Open society where citizens can pursue social, religious and cultural goals. Repressive regimes ruled by dictators with total power. Right to cultural and religious freedoms are restricted. Most prominent - universal declaration of human rights.
