global business
� Are businesses which operate internationally
� Conduct trade across the world
� Import and export goods and services
interest rate
� Is the amount charged by a lender to a borrower for the use of their
money
public debt
� Is the debt owed by a government
economic integration
� Occurs when different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
free trade
� Takes place when tariffs between member countries are eliminated or
reduced
trade
� Is the action of buying and selling goods
import
� Are goods or services brought into one country from another
exports
� Are goods or services which are produced in one country and are shipped to another country for sale or trade
balance of trade
� Is the difference between a country's imports and exports
foreign corrupt practices act
� Requires corporations to keep records which accurately reflect daily
transactions of the corporation and maintain a system of accounting protocols
licensing
� Is an agreement where one company, the licensor, makes an asset
available to another company, the licensee, in exchange for some form of compensation
logistics
� Is the transport, handling and storage of funds, goods and information
outside and inside the production process
levels of economic integration
- free trade
- custom union
- common market
- economic union
- political union
free trade organizations
- NAFTA
- Mercosur
- ASEAN
types of US foreign assistance
- 150 Account
- Foreign Assistance
- Poverty-Focus Development Aid
global business entry strategies
- export
- contract manufacturing
- joint venture
- direct investment
- licensing
global business
� Are businesses which operate internationally
� Conduct trade across the world
� Import and export goods and services
interest rate
� Is the amount charged by a lender to a borrower for the use of their
money
public debt
� Is the debt owed by a government
economic integration
� Occurs when different countries or regions agree to reduce or eliminate trade barriers and coordinate monetary and fiscal policies
free trade
� Takes place when tariffs between member countries are eliminated or
reduced
trade
� Is the action of buying and selling goods
import
� Are goods or services brought into one country from another
exports
� Are goods or services which are produced in one country and are shipped to another country for sale or trade
balance of trade
� Is the difference between a country's imports and exports
foreign corrupt practices act
� Requires corporations to keep records which accurately reflect daily
transactions of the corporation and maintain a system of accounting protocols
licensing
� Is an agreement where one company, the licensor, makes an asset
available to another company, the licensee, in exchange for some form of compensation
logistics
� Is the transport, handling and storage of funds, goods and information
outside and inside the production process
levels of economic integration
- free trade
- custom union
- common market
- economic union
- political union
free trade organizations
- NAFTA
- Mercosur
- ASEAN
types of US foreign assistance
- 150 Account
- Foreign Assistance
- Poverty-Focus Development Aid
global business entry strategies
- export
- contract manufacturing
- joint venture
- direct investment
- licensing