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the shift toward a more inter integrated and interdependent world economy
global vs international companies
global companies have offices and branches as well as investment in other countries (one big market more then 50 % of sale outside main country)
international companies export their product and import the products but dont hold investment in each others economies ( view different countries as regions less then 50 % of sale main country)
The International Monetary Fund (IMF)
is an organization of 188 countries, working to foster global monetary cooperation, secure finical stability, facilitate international trade, promote high employment and economic growth, and to reduce poverty
the world bank
is a United Nations international financial institution that provides loans to developing countries for capital programs.
G 20 major economies
is an international forum for the governments and central bank governors from 20 major economies.
The G-20 was founded in 1999 with the aim of studying, reviewing, and
promoting high-level discussion of policy issues pertaining to the
promotion of international financial stability
international vs domestic business
IB deals with countries that are different
- One size doesn't fit all > most fundamental difference
problems in IB are wider and more complex
In IB, local governments are highly influential
In IB the currency exchange rate affect firms bottom line
which predicts that the power microprocessor technology doubles and it cost of production falls in half every 18 months