INTERNATIONAL BUSINESS BLOCK 1 Flashcards
International Business
A specific entity such as a multinational corporation or international business company engages in business among multiple countries.
MNE-
A company headquartered in one country but with operations in one or more countries.
Exports:
goods and services produced in one country and then sent to another country
Imports
goods and services produced in one country and bought by another country
Foreign Investment
consists of companies investing funds to start or improve operations in another country.
Onshoring
practice of transferring a business operation from overseas to domestic
Born Global start-ups:
A business that has always been global
Universalization
Convergence, worldwide and everywhere
Neoliberalism:
Open border markets, deregulation a hollow out of state
Westernization:
Convergence to Western Culture
Internationalization:
quantitative increase of transactions across the national borders
Globalization-
is a spread of trans-planetary connections through organizations that coordinate the activities of individuals across the planet.
Free human capital flows:
Access to cheap, skilled, or rare labor beyond local boundaries. Movement of people, migration, expatriates’ short-term assignments
Free Dissemination:
of knowledge and technology for innovation
Free Financial capital flows:
access to new markets, integration of financial markets, access to primary and secondary equity markets, loans trade credit, and bonds
