TAILIEUCHUNG - Lecture Introduction to business - Lecture 9: Understanding the global context of business

The following will be discussed in this chapter: The rise of international business, international business management, barriers to international trade. | Lecture 9 Chapter 5 Understanding The Global Context Of Business Chapter Outline The Rise of International Business International Business Management Barriers To International Trade Contemporary Global Economy Globalization Import Export Trade Agreements General Agreement On Tariffs and Trade North American Free Trade Agreement High Income Marketplaces . & Canada Europe Australia & New Zealand Japan, South Korea, Singapore, Taiwan, & Hong Kong Kuwait, United Arab Emirates, Israel Czech Republic, Greece, & Hungary, Poland Turkey Mexico, Argentina, & Uruguay Middle Income-Marketplaces- China India Somalia Low Income Marketplaces Advantage Produce Efficiently Low High Absolute- Diamonds Comparative South Africa Rest of World US South Korea Export Export Grain DVDs National Competitive Advantage Import-Export Balances Balance Of Trade Trade Deficits/Surpluses Balance Of Payments Exchange Rates Rates & Competition Dollar Exports Dollar . Exports International Business Management Going International Gauging Demand Adapting To Customer Needs Going International Levels Of International Involvement Exporters/Importers International Firms Multinational Firms International Business Structures Independent Agents Licensing Arrangements Branch Offices Strategic Alliances Foreign Direct Investment Commitment/Risk Low High Barriers To International Trade Social/Cultural Differences Economic Differences Legal/Political Differences Embargo Tariffs Subsidy Protectionism Local Content Laws Business Practice Laws Cartels & .

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