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main drivers of globalization Lernen beginnen
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cost factors, technology factors, market factors, global business cycle
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Brazil Russia India China
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company strategy in the face of globalization Lernen beginnen
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import/export, outsourcing, foreign direct investment
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difference between a nation's imports and exports
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balance of trade plus service and investments
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World Trade Organization - works towards reducing tariffs and quotas
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International Monetary Fund - makes short-term loans to countries that cannot pay debts
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lends money to developing countries, particularly for infrastructure projects
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company owned by another company
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money paid by government to support a business
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contraction, downturn, slowdown
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a company gives the right to manufacture its product to a foreign company for a fee= royalty
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a partnership in which two or more companies join to undertake a major project or start a business activity
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a long-term partnership similar to joint venture, but it may be between two companies of very different sizes, such as large manufacturer and one of its suppliers
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