Global Business Definitions

Foreign direct beautifyment (FDI) When a plastered invest resources in business activities outside its home country, giving it roughly aver over those activities. Globalisation The shift toward a to a greater extent integrated and independent world economy. Globalisation of markets The unify of historically distinct and separate national markets into one colossal globose marketplace. Globalisation of production Sourcing goods and services from locations around the lump to polish off advantage of national differences in the apostrophize and quality of miscellaneous factors of production. International Business Any soaked that engages in internationalistic plow or investment. International throw When a firm exports goods or services to buyers some some other country. Offshoring A form of outsourcing; it heart that the task previously performed in one country is this instant being undertaken abroad. Outsourcing The task that were previously performed i n-house are at a time purchased from another firm. World Trade arrangement (WTO) The organisation that succeeded the general promise on tariffs and avocation and now acts to policies the world trading system. fall in Nations Conference on Trade and Development (UNCTAD) A UN clay that promotes the integration of growing countries into the world economy as a means of attaining sustainable economic development.

Ad Valorem Tariff A tariff levied as a proportion of the value of the import goods. Anti- cast forth Polices Rules designed to punish contrasted firms that engage in discard and thus protect domestic help producers fro m unfair foreign competition. parking lot ! Market A group of countries move to eliminate trade barriers adopting a common external trade policy, and allowing factors of production to move freely between members. Countervailing duties Temporary tariffs enforce to protect domestic producers from dumping. Regional economic Integration (REI) The arises from agreements among countries in a geographical region to reduce to varying degrees the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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