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Cards In This Set
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(p. 200) The global economy is dominated by:
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North America, western Europe and Asia
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(p. 200) Other developing countries and regions represent areas for:
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Economic growth
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(p. 200) The goal of European Unification is:
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To strengthen Europe's position as an economic superpower.
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(p. 200) Does certain structural issues within Europe need to be corrected by Asia to function properly? True or False
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False; corrected by EU (European Union)
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(p. 200) Name some greater challenges facing Europe:
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Aging population, low birth rates, low immigration; these are threatening to cause Europe's population to drop as America's is increasing.
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(p. 202) ____________ and _____________ of the EU presents new challenges to managers and their employees.
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Competitive and regulatory environment
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(p. 202) __________ is on its way to becoming the largest producer and consumer of many of the world's goods
Mexico-Canada-China-Japan |
China
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What TWO countries import the most into the US?
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China and Canada
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What TWO countries does the U.S. mainly export to?
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Canada first then Mexico
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P. 204 An economic pact that combined the economies of the U.S., Canada, and Mexico into one of the world's largest trading blocs is:
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NAFTA (North American Free Trade Agreement)
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P. 204 APEC (Asia-Pacific Economic Cooperation) members' economies account for more than ___________ and ________________
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Half of the world output (GDP) and almost half of world trade.
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(p. 205) 22% of ___________ employees and ____% of its sales are in the US; conducts management meetings in English because majority do not speak Spanish.
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CEMEX; 27%
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(p. 207-208) What are some Consequences of a Global Economy? (FEIC)
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1. Expansion of international trade/2. Foreign direst investment (FDI) is playing an ever-increasing role in the global economydirect*3. Imports are penetrating deeper into the world's largest economies4. Companies are finding their home markets under attack from foreign competitors
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Why are opportunities greater now than a few years ago?
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Because the movement toward free trade has opened up many formerly protected national markets.
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The environment is more complex now than a few years ago, why?
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Because today's manager often has to deal with
the challenges of doing business in countries with radically different
cultures and coordination globally dispersed operations
aka: Managers have to deal with globalization and the diverse culturesaka: Managers have to deal with off shoring |
