Global Business Definitions

Foreign direct beautifyment (FDI) When a plastered invest resources in business activities outside its home country, giving it roughly go over over those activities. Globalisation The shift toward a to a great extent integrated and independent world economy. Globalisation of markets The get together of historically distinct and separate national markets into one vast globose marketplace. Globalisation of production Sourcing goods and services from locations around the musket ball to polish off advantage of national differences in the exist and quality of miscellaneous factors of production. International Business Any planetary house that engages in internationalistic plow or investment. International sell When a firm exports goods or services to buyers some early(a) 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 previously performed in-house are promptly purchased from another firm. World Trade institution (WTO) The organisation that succeeded the general promise on tariffs and throw 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 development 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 away(p) Polices Rules designed to punish alien firms that engage in throw out and thus protect domestic help producers from unfair foreign competition. parking lot Market A group of countries act to eliminate trade barriers adopting a common external trade policy, and allowing factors of production to move freely between members. Countervailing duties Temporary tariffs impose to protect domestic producers from dumping. Regional economic Integrati on (REI) The arises from agreements among c! ountries in a geographical region to reduce to varying degrees the...If you require to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay