MGT 3314 Chapter 1: International Business Ch. 1
3 Oct 2016
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Document Summary
Internet are helping to create electronic global marketplaces. The changing world output and world trade picture. 1: most forecasters now predict a rapid rise in the share of world output accounted for by developing nations such as china, india, The changing world order: former communist states are still relatively undeveloped, and their continued commitment to democracy and market-based economic systems cannot be taken for granted, high risk, high reward for doing business in politically unstable countries. The global economy of the 21 st century: the move toward a global economy has been further strengthened by the widespread adoption of liberal economic policies by countries that had firmly opposed them for two generations or more. Countries are different, so depending on the country, management style may or may not need to be different: managing internationally is different from managing domestically in four ways, 1. )
