Global Economy

Global Economy

1. Base on

   • Globalization
     • Economy of the countries
       • integration with the world economy
     • Cross-border transactions of goods and services
     • It's related
       • triad
         • Assings the three regions that dominate the world economy
           • U.S
           • European Union
           • Japan
           • It represents 80% of world trade
           • They assure their population a high standard of living worldwide
       • Base of the Pyramid
         • Integration of the "poorest people in the world" in business processes
           • Customers
           • Suppliers
           • Dealers
           • Improving business opportunities
           • Long-term poverty reduction
       • BRIC
         • Refers to emerging economies
         • It represents 43% of the world's population
         • Represents the 20% worldwide investment
         • Countries that belonged
           • Brazil
           • Russia
           • India
           • China
     • Semiglobalization
       • The barries and differences in market among countries can not be ignored
       • it is the most appropriate condition to think about competition in multiple places
   • Multinational Enterprise
     • It allows
       • Foreign direct investment
         • Also called Globalization of the investment
         • It's part of Foreign direct investment
           • Assure production
           • Helps the participation in a foreign market
           • Control over manufacturing
           • Increase product volume
           • To facilitate the transition of foreign capitals flows
           • To have access to different capital sources
     • International Business
       • Expansive process of globalization
       • Manage local businesses and with other countries
       • Liability of foreignness
         • Describe the additional costs of companies operating outside the country
     • Contributes to the context of globalization as it is divided
       • Higher investment flows
       • Services
       • Capital
       • Commerce
       • Knowledge
     • Developing productive processes
     • Developing administrative processes
     • Developing product innovation processes
     • Global business
       • They offer their products to the world market
       • Compete with other companies in the international market
       • If a country does not participate in global business, it can affect its economy
       • International Premium
         • To offer services and good worldwide
           • To generate technology using virtual platforms
         • Institutions
           • To do pressure in society by making needs
           • To assign useful social functions and establish values to be as a community
           • Institutional Framework
             • Formal organisational structures
             • Rules for service provision
             • The structures vary from one country to another
     • Expatriate Manager
       • Employee of a company that moves from one country to another
       • Previous phase
       • Development phase
       • Repatriation Phase

2. Emerging economy

   • the phase between a country in process to develop and developed country
   • They have different and opposite point of view in political, economic and geographical regimes
   • Institution-based view
     • Guarantees the development of business strategies
       • Formal institutions
         • Laws and regulations
       • Informal institutions
         • Cultures and norms
   • Resource-Based View
     • it's the focus to achieve a competitive advantageI
       • Companies in internal proceses look for advantages
     • Resources help to achieve a better performance
       • There are two types of resources
         • Tangible assets
         • Intangible assets

3. Gross Domestic Product

   • Final result of the productive activity
     • To calculate
       • Value added
       • Final demand
       • final use of goods and services
   • Purchasing power parity
     • Recalculate the gross domestic product per capita of each country
       • International comparison of the GDP of each nation
     • To recalculate the exchange rate among countries

4. Non-governmental Organizations

   • Usually they are not affiliated with any government
   • Talks issues about human concerns
     • Human rights
     • Environmental Protection
     • Disaster assistance

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