BUSN 1101 Chapter Notes - Chapter 3: Foreign Direct Investment, International Monetary Fund, American Airlines

• School: Northeastern University
• Department: Business Administration
• Course: BUSN 1101
• Professor: All

Document Summary

Globalization: refers to a trend in which the world"s markets become increasingly integrated. Globalization of markets: as markets expand, national markets become fused into regional and global market places leading to. Adaption of products or services to fit the needs of emerging markets. Global electronic marketplaces such as amazon, alibaba. Geographically dispersed networks of suppliers and manufacturing sites. Companies can take advantage of national differences in cost and quality of production. Resources obtained from places around the world (labor, natural resources, global financial markets) Improved transportation: air freight is very expensive so it is usually reserved for light weight, high value products such as semiconductors, ocean, road, and rail transformation improvement facilitates import and. Information technology: facilitate rapid communication, coordination, data collection, and analytics across the globe, facilitates trade in digital goods and services such as software creation and design services, global institutions. Improved global management base: process and organization structures for global firms, changing world order.