International Business
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| Globalization | show 🗑
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| show | US
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| show | $42, 129 per capita
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| How much of the worlds GDP doe the US produce? | show 🗑
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| show | refers to the merging of historically distinct & separate natikonal markets into 1 huge global marketplace.
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| What % of small businesses export? | show 🗑
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| Globalization of production? | show 🗑
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| Factors of production? | show 🗑
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| GATT | show 🗑
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| show | Primarily policing the world traiding systems and making sure nation-states adhere to the rules laid down in trade treaties signed by WTO member states.
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| What do critics accuse the WTO of? | show 🗑
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| show | International Monetary Fund
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| show | IMF was setup to maintain order in the international monetary system and the World Bank was set up to promote economic development.
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| show | Building dams or roads
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| What stipulations does the IMF make to give loans to cash strapped nation-states? | show 🗑
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| United Nations? | show 🗑
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| show | To maintain international peace and security, develop friendly relations amoung nations, cooperate in solving international problems and in promoting respect for human rights and to be a center for harmonizing the actions of the nations.
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| show | Labor, energy, land, & Capital
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| Intl Trade | show 🗑
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| FDI | show 🗑
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| show | Premise that the power of microprocessor technology doubles & its cost of production drops in half every 18 mo's.
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| Stock of FDI | show 🗑
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| show | Multinational enterprise
any business that has productive activities in 2 + countries.
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| show | political, economic, and legal sytems of a country are interdependent; they interact and influence each other.
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| Political system | show 🗑
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| show | political system that stresses the primary of collective goals over individual goals
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| Plato | show 🗑
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| Socialism | show 🗑
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| Communits | show 🗑
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| show | Those who believed in achieving socialism through democratic means
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| show | The philosophy that an individual should have freedom in his or her economic & political pursuits.
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| show | Citizens periodically elect individuals to represent them in govt functions
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| Communist Totalitarian | show 🗑
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| show | Politial pwr is monopolized by a party, group, or individual that generally permits individual economic freedom but restricts political freedom & speech
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| show | Political system that a party or group represent interests of a particular tribe monopolizes political pwr
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| show | Interaction of supply & demand determines the quantity in which goods & sercvices are produced
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| show | Govt plans the allocation of resources
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| Legal System | show 🗑
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| show | System of law based on tradition, precedent, & custom
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| Civil Law System | show 🗑
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| Theocratic Law System | show 🗑
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| show | Bundle of legal rights over the use to which a resource is put and over the use of any income that may be derived
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| Organization Culture | show 🗑
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| Quota Rent | show 🗑
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| show | A requirement that some specific fraction of a good be produced domestically
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| show | rules adopted by govts that can be used to restrict imports or boost exports
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| show | Selling goods in a foreign market below costs of production
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| show | Antidumping Policies
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| Antidumping Policies | show 🗑
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| show | passed in 1996, this law allows Americans to sue foreign firms that use Cuban property confiscated from them during Cuba's 1959 revolution
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| D'Amato Act | show 🗑
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| Infant Industry Argument | show 🗑
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| show | Govt policy aimed at either helping the countries domestic firms retain first-mover gains
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| show | placed a high tariff on imports of foreign corn
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| Smoot Hawley Act | show 🗑
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| show | establisment of a new operation in a foreign country
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| show | amount of FDI UNDERTAKEN OVER A GIVEN TIME PERIOD; NORMALLY A YR
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| Stock of FDI | show 🗑
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| show | summarizes the totsl smount of capital invested in factories, stores,etc
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| show | Industry component of a limited number of large firms
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| show | arises when two or more enterprises encounter each other in different reional markets, etc
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| Eclectic Paradigm | show 🗑
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| Exporting | show 🗑
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| show | occurs when a firm (licensor) grants a foreign entity (licensee) the right to produce its product, use its production processes, etc
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| show | advantages that arise from utilizing resource endowments or assets thar are tied to a particular foreign location & that a firm finds valuable to combine with its own unique assets, etc
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| Pragmatic Nationalism | show 🗑
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| Balance of Payment Accounts | show 🗑
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| Current Account | show 🗑
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| Offshore Production | show 🗑
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| show | Agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barrirtd to the free flow of goods
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| show | Area in which all barriers to the trade of goods & services among member countries are removed
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| show | includes norway, iceland,switzerland; most enduring free tade agreement
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| Customs Union | show 🗑
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| show | has no barriers to trade ntwn member countries Pg. 265
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| show | involes the free flow of products and factors of production btwn member countries & the adoption of a common external trade policy
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| show | central political apparatus coordinates the economic, social, & foreign policy
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| Trade creation | show 🗑
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| show | occurs when lower cost external suppliers are replaced by higher costs suppliers w/in the free trade area
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| Treaty of Rome | show 🗑
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| show | Treaty committing members of the EC to adopt a common currency
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| show | Agreement unites Bolivi, Chile, Ecuador, Peru
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| show | Free trade pact btwn Brazil, Argentina, Paraguay, Venezula, etc
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| show | Rate @ which 1 currency is converted into another.
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| Foreign Exchange Market | show 🗑
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| Foreign Exchange Risk | show 🗑
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| Currency Speculation | show 🗑
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| Hedging | show 🗑
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| show | Rate @ which a foreign exchange dealer converts currency on any particular day.
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| show | When 2 parties agree to exchange currency & execute a deal @ some specific date in the future.
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| Currency Swap | show 🗑
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| show | Purchase of securitir\es in 1 market for immediate resale in another market to profit from a price discrepancy.
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| show | principle that in comparative markets free of transportation costs & barriers to trade, identical products sold in diff countries must sell of the same price
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| show | Market in which prices reflect all avail info & trade is not restricted.
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| Relatively Efficent Market | show 🗑
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| PPP theory predicts | show 🗑
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| show | that exchange rates are determined by relative pricesm & changes in relative prices will result in a change in exchange rates.
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| show | whether the rate of growth in a country's money suppky is grater then the rate of growth in output.
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| show | failure of a strong link betwn relative inflation rates & exchange rate movements pg 309
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| show | Theory that nominal interest rates in 4ach country equal the required real rate of interest & expected rate of inflation.
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| Mercantilism | show 🗑
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| Zero sum game | show 🗑
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| Absolute Advantage | show 🗑
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| PPF Production Possibility Frontier | show 🗑
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| show | Extent to which a country is endowed with such resources as land, labor, and capital.
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