Ibus 310 stuvia Study guides, Class notes & Summaries

7 institutions in the EU -ANSWER European Council Council of the EU Court of Justice of the EU European Commission European Parliament Council of Europe super-democracy -ANSWER the people decide everything globalization -ANSWER the process by which markets are integrated worldwide mercantilism -ANSWER countries should encourage exports and discourage imports zero-sum trade -ANSWER a gain for one country is a loss for another positive-sum trade -ANSWER all countries can mutual...

Liberalism -ANSWER Government rule is to create rules of the game and enforce them so everyone can participate fairly; everyone is better off from trade due to the increase of economic effeciency Mercantilism -ANSWER Humans are selfish and markets cannot function w/o state intervention; national wealth and power is sole goal which can be achieved through protectionism; zero-sum game of exporting more than importing (gain for one equals loss for another) State Capitalism -ANSWER The use of ...

firm that engages in FDI in at least one working affiliate in another country -ANSWER mnc supplied; components -ANSWER Global Integration: how global market is ___, specialized ___, outsourcing innovation; integration -ANSWER systemic changes: ___ and ___ job; skill; intellectual; trust; culture -ANSWER Challenges: ___ loss, ___ shortage; ___ property; ___ in large companies; change in ___ physical; digital -ANSWER dual worlds: ___ and ___ slow recovery, demographics and productiv...

cross-cultural literacy - ANSWERUnderstanding how the culture of a country affects the way business is practiced. Values - ANSWERAbstract ideas about what a society believes to be good, right, and desirable. Norms - ANSWERSocial rules and guidelines that prescribe appropriate behavior in particular situations. Folkaways - ANSWER Mores - ANSWER Culture - ANSWERA system of values and norms that are shared among a group of people and that when taken together constitute a design for l...

first law of globalization (law of semiglobalization) -ANSWER International interactions, while not negligible, are significantly less than domestic interactions second law of globalization (law of distance) -ANSWER International interactions are dampened by distance along cultural, administrative and geographical dimensions and are often affected by economic distance as well deeping -ANSWER An increase in the frequency and intensity of state and societal interactions when depth is low ...

International Business -ANSWER business activities that involve the transfer across nations- resources, goods, services, and information International Trade -ANSWER exchange of products/services across national borders. Typically through importing and exporting International Portfolio Investment (IPI) -ANSWER passive ownership of foreign securities (stocks and bonds) for the purpose of generating financial return Foreign Direct Investment (FDI) -ANSWER a firm invests directly in product...