Global Business Definitions

Foreign direct beautifyment (FDI) When a plastered invest resources in business activities outside its home country, giving it roughly get the hang over those activities. Globalisation The shift toward a to a greater extent integrated and independent world economy. Globalisation of markets The unite of historically distinct and separate national markets into one broad globose marketplace. Globalisation of production Sourcing goods and services from locations around the human race to polish off advantage of national differences in the monetary value and quality of miscellaneous factors of production. International Business Any cockeyed that engages in internationalistic plow or investment. International shift When a firm exports goods or services to buyers some otherwise 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 previous ly performed in-house are flat purchased from another firm. World Trade governance (WTO) The organisation that succeeded the general promise on tariffs and bargain 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 evolution 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 apart Polices Rules designed to punish outside firms that engage in discard and thus protect domestic help producers from unfair foreign competition. parking lot M arket A group of countries act to eliminat! e trade barriers adopting a common external trade policy, and allowing factors of production to move freely between members. Countervailing duties Temporary tariffs oblige 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 essential to get a full essay, order it on our website: OrderEssay.net

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