Business in a Global Economy
Type in the name of your subject.
Trade Alliances
Trade alliances reduces limits on trade.
In a trade alliances several countries merge their economies into one huge market.
For example the European union.
Trade Barriers
Add detailed notes about each lecture, so that when the time comes to prepare for exams, you will have an easier and quicker overview.
To limit competition from other countries, governments develop trade barriers; which include:
An embargo is a ban on the import or export of a product. They are usually used against another country for political or military reasons.
Add a list of questions to help you recap your lecture.
A quota is a limit placed on the quantities of a product that can be imported.
Write down if there are things you would like to discuss or clarify with your teacher or colleagues in relation to this topic.
A tariff is a tax placed on imports to increase their price in the domestic market.
Add a short description of the lecture.
Free Trade
Add here all the details about your projects.
The Global Economy
Schedule your course ahead. Knowing all the information will make everything easier.
A multinational corporation is a company that does business in many countries and has the facilities and offices around the world.
EX: Apple, Samsung, and Google
Add class name.
Globalization is the development of the global economy,
International trade is the exchange of goods and services between nations.
Global economy is the interconnected economies of the world.
Add the class information for each week.
Import Versus Export
Add key information about the books you've read. If you feel it's necessary, you can add a small summary of your readings in the Notes section.
Comparative advantage is the ability of a country to produce a particular good more efficiently than another country.
Balance of trade is the difference in value between a country's imports and exports over a period of time.
(Country's exports-imports)
Balance of trade
imports and exports
Add summary of the content of a book
Trade deficit is when a country imports more than it exports.
Add details about where you can get it from. For e.g.: library, bookstore, audiobook, etc.
Trade surplus is when a country exports more than it imports.
Name the author.
Currency
Review your resource requirements and tick off the devices you will need as well as their availability. Add others, if necessary.
To trade with another country, businesses and countries must convert their money into that nation's currency.
To do that their currency is exchanged on the foreign exchange market.
Countries have to pay for products and services with currency.
Select as needed:
Examples of currencies: Mexican Pesos, Japanese Yen, United states dollar, Canadian dollar, and Australian dollar.
Protectionism and Free Trade
Type in all the info you would like to know about this subject. If there is something you don't know yet, no problem! You can fill in the blanks along the way.
Foreign competition can lower the demand of products made at home leading to domestic companies.
Add details about your teachers' evaluation criteria. This way you will know the aspects you need to focus on.
To limit competition from other countries countries resort to protectionism.
Write down the attendance policy, to avoid confusion throughout the year.
protectionism is the practice of the government putting limits on foreign trade to protect businesses at home.
Type in the name of your teachers and teacher assistants, plus any details you should know about them.
They are two opposing points of view involved in trade
disputes.
Add details about your course.
