International Business Midterm

Intl Business
Created Oct 15, 2010
by csun1215
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Side ASide B
What is gloablization?
The shift towards a more integrated and interdependent world economy-ex: global financial crisis
What are the first component of globalization?
-Globalization of markets: opening markets-the merging of distinctly separate national markets...
What is the second component of globalization?
-Globalization of production:-refers to sourcing of goods and services from locations around...
What has globalization created the need for?
-created need for global institutions to help manage, regulate, and police the global marketplace...
What macro factors drive globalization?
-decline in trade barriers-technological change

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