is the close integration of countries and peoples of the world (1)
some evidence in economy includes
INTERNATIONAL BUSINESS
crossboarder
for example
GLOBAL BUSINESS
around the globe
MULTINATIONAL ENTERPRISES
operating in multiples countries, these firms do foreign direct
investment, usually under control of an expatriate manager who
receives and international premium for working outside native
country.
keeping in mind factors as
FORMAL AND INFORMAL INSTITUTIONS
(rules of the game)
SCENARIO PLANNING
(preparation for several
scenarios, not only high risk
ones)
RISK MANAGEMENT
(identification and planning
for risks)
PURCHASING POWER PARITY
(conversion that sets equivalent
amount of goods and services in
different currencies)
EMERGING ECONOMIES
(countries in development)
GROSS DOMESTIC PRODUCT
(total values produced by firms,
households and government)
LIABILITY OF FOREIGNESS
(condition that foreign
firms have to asset in
order to stablish in a host
country)
coming into play
BRIC (Brazil, Russia,
India and China
emerging economies)
GROUP OF 20 (19 major
economies and the EU,
meeting to solve economic
problems)
TRIAD (developed
economies like USA, Japan
and Western Europe)
BASE OF THE PYRAMID
(most humans, doing
less than $2000 a year)
NGOs (organizations not
affiliated with
governments)
some views on this include
SEMIGLOBALIZATION
suggests that barriers for market
integration are not high enough
INSTITUTION BASED VIEW
suggests that firms depend on institution framework