GLOBALIZATION
Emerging Economy
Describes a nation's economy
that is progressing toward becoming more advanced
BRIC
is the acronym for an association of five major emerging national economies:
Brazil
Russia
India
China
South Africa
Triad
refers to
the three centres dominating the world economy
U.S.A.,
the European Union
Japan
International Business
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Trades
Trade of goods
Trade of services
Trade of tecnhonoly
Trade of capital or/ knowledge
Transactions
involves
Cross-border transactions of goods and services
between two o more countries
Transations of economic resources
Finance
Banking
Insurance
Construction
Gross Domestic Product
it is the monetary value of all the finished
Goods
Services
Purchasing Power Parity (PPP)
compares different countries' currencies through
a market "basket of goods" approach
Resource based view
offers strategists a means of evaluating potential factors
can be deployed to confer a competitive edge
Liability of foreigness
describes
the costs that firms operating outside their home countries
Expatriate Manager
Organizations
use expatriate assignments
to co-ordinate global lines of business
to transfer organisational knowledge
to manage an international subsidiary
Multinational entrerprise
Controls
productions of
Goods
Services
Foreign Direct Inverstment
investment made by a company
in another country
Base of the Pyramid
new business opportunities lie in designing and distributing
Goods
services
goods for poor communities
Institution based view
capture the complex and rapidly changing relationships
Organizations
in emerging economies
Environments
focuses on the dynamic interaction
institutions
organizations
Institutions
regulative, normative, and cognitive structures
provide
stability and meaning to social behavior
can be
Formal
are openly codified
they are established and communicated through
channels that accepted as official
Informal
socially shared rules
usually unwritten
are created outside of officially channels
Institutional Frameworks
systems of
formal laws
regulations
procedures
informal conventions
customs
Non-governmental Organizations
any non-profit,
voluntary citizens' group
At at global level(Global Business)
two o more countries
produced in a period (quarterly or yearly)
shape socioeconomic activity and behaviour
incomplete
Semi-globalization
