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GLOBALIZING BUSINESS
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GLOBALIZING BUSINESS
International Business: Engages in international economic activities
Multinational enterprise: Engages in foreing direct investment by directly investing in controlling
Foreing Direct investment (FDI): When a country invests, controls and manages value-added activities in other countries.
Global Business: All business in the world
Purchasing power parity (PPP): Conversion to establish the cost of living in the countries.
Triad Developed economies (North America, Western Europe, and Japan).
Based of the pyramid: ordinary people with insufficient income to survive economically but influence in Economy.
BRIC: An acronym for the emerging economies of Brazil, Russia, India and China.
Emerging economy: A developing country.
Expatriate manager: executive, who works outsite your principal country
. Formal Institutions: such as laws, regulations, and rules, example Colombia Congress
Globalization: The union between countries and peoples of the world.
Gross domestic product (GDP): The economy of a country on the value added by native businesses, households and governments.
informal institutions: norms, cultures, and ethics.
Instituional framework: formal and informal institutions that regulate, control and manage individual behavior and community.
Institution - based view: Viewpoint in the global economy, where the results are reviewed to determine the rules governing the behavior of companies worldwide.
Institutions: rules in economy way
International premium: Extra pay expatriates when working outside their country of origin.
Liability of foreignness The expense accruing to foreign companies not receiving the same condition in foreign countries.
Non - goverment Organizations (NGOs) Organizations that are not affiliated with governments.
Resource - based view:: Resource-based view: firm performance is determined by its internal resources and capabilities.
Semiglobalization: the barriers to market integration at borders are high but not high enough to insulate countries from each other.
Information by: Peng, M. (2010). Globalizing Business. Global. (pp. 2-17). South western USA.
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- This is an exercise about Chapter 1 of the textbook called Peng, M. (2010). Globalizing Business. Global. (pp. 2-17). South western USA.
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- Lorena Romero Muñoz
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