International Business chapter 1

e-business

exports

Nation's GDP or GNP divided by its population.

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globalization

Actions or processes that involve the entire world and result in making something worldwide in scope.

gross domestic product

gross national product

imports

goods produced abroad and sold domestically

international business

International Monetary Fund

a United Nations agency to promote trade by increasing the exchange stability of the major currencies

multinational corporation

sustainability

world bank

A specialized agency of the United Nations that makes loans to countries for economic development, trade promotion, and debt consolidation. Its formal name is the International Bank for Reconstruction and Development.

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GATT

WTO

emerging markets

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technical expertise