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Description
Flashcards by Isaac Jonathan Santos, updated more than 1 year ago
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Created by Isaac Jonathan Santos
over 8 years ago
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| Question | Answer |
| Foreign Direct Investment | Direct Investments in equipment, structures and organization in a foreign country. At a level sufficient to obtain significant management control. world´s stock of outward FDI was 19 trillion (USD) in 2010 |
| Exporting (International Trade) | The transportation of any domestic good or service to a destination outside a country and region. * A substantial amount of International business involves exporting and importing |
| Explosive Growth | *By 2010, exports of goods and services nearly quintupled to $18.9 trillion from $ 4 trillion in 1990 * The value of total exports is greater than the Gross Domestic Product of every nation except USA *25% of all goods grown or made in the world is now exported * Out of the 18.9 T in international trade exports in merchandise were 15.2, near 5 times what there had been in 1990. |
| Importing (International Trade) | The transportation of any good or service into a country or region from a foreign origination point |
| UNCTAD | United Nations Conference Trade Agreement and Development. In charge of all the aspects related to FDI and International Companies. |
| Global Actors | Countries International Organizations Non government organizations Transnational companies |
| International Business | A business whose activities are carried out across national borders. The increasing scales and scope of activities that occurs across national borders. |
| Foreign Business | The operations of a company outside its home or domestic market. |
| Multidomestic company | An organization with affiliates in different countries. Each one formulates its own business strategy based on perceived market differences. |
| Global company | A organization that attempts to standardize and integrate operations worldwide in all functional areas |
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