Global Business Definitions

Foreign direct beautifyment (FDI) When a plastered invest resources in business activities outside its home country, giving it roughly tick over those activities. Globalisation The shift toward a to a great extent integrated and independent world economy. Globalisation of markets The unite of historically distinct and separate national markets into one colossal globose marketplace. Globalisation of production Sourcing goods and services from locations around the egg to polish off advantage of national differences in the address and quality of miscellaneous factors of production. International Business Any profligate that engages in internationalistic plow or investment. International allot When a firm exports goods or services to buyers some separate country. Offshoring A form of outsourcing; it heart that the task antecedently performed in one country is this instant being undertaken abroad. Outsourcing The task that were previously performed in-ho use are now purchased from another firm. World Trade governing (WTO) The organisation that succeeded the general promise on tariffs and tack 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 underdeveloped 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 past Polices Rules designed to punish opposed firms that engage in cast away and thus protect domestic help p roducers from unfair foreign competition. ! parking lot Market A group of countries perpetrate to eliminate trade barriers adopting a common external trade policy, and allowing factors of production to move freely between members. Countervailing duties Temporary tariffs impose 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 hope to get a full essay, order it on our website: BestEssayCheap.com

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