-
Globalization
trend away from distinct national economic units and toward one huge global market
-
Globalization of Markets
National markets are merging into one global market
-
Globalization of production
Trend by individual firms to disperse part of their productive
-
Factors of Production
inputs into the productive process of a firm, including labor, management, land, capital, tech
-
General Agreement on Tariffs and Trade (GATT)
International treaty that committed signatories to lowering barriers to the free flow of goods across national borders and led to the WTO
-
World Trade Organizations
organization that succeeded the GATT
-
International Monetary Fund
international institution set up to maintain order in the international monetary system
-
World bank
international institution set up to promote general economic development in the world’s poorer nations
-
United nations
193 countries, formed in 1945 to promote peace, security, cooperation
-
Group of twenty
comprises the finance ministers and central bank governor of the 19 largest economies in the world, plus reps from EU and EU central bank
-
International Trade
occurs when a firm's export goods or services to consumers in another country
-
Foreign Direct Investments
investment in foreign business
-
Moore's Law
microprocessors power doubles and cost goes down by ½ every 18 months
-
Stock of foreign direct investment
total accumulated value of foreign owned assets at a given time
-
Multinational Enterprise
firms that own business in other countries
-
International Business
Firms that engage in trade or investments internationally
|
|
