Chapter 2 - Globalisation Of Markets And The Internationalisation Of The Firm Flashcards
1
Q
Globalisation of Markets
A
The gradual integration and interdependence of national economies
2
Q
World Trade Organisation WTO
A
A multilateral governing body empowered to regulate international trade and investment
3
Q
Value Chain
A
The sequence of value-adding activities performed by the firm in the process of developing, producing, marketing and serving a product
4
Q
Contagion
A
The tendency for a financial or monetary crisis in one country to spread rapidly to other countries due to the ongoing integration of national economies
