International Business
What is international business
The economic system of transactions conducted
between businesses located in different countries.
What is globalization
The process whereby national or regional economies
and cultures have become integrated
What made international business occur in real time
New technology
3 Examples of how globalization is integrated through
New global communication technologies
Foreign direct investment
International trade
Migration
New forms of transportation
Flow of money
Whats interdependence
The reliance of two or more nations on each other for products or services.
When did globalization begin
What are the 3 industries
1. Primary industries
2. Secondary industries
3. Tertiary industries
How does international business help Canadians
Variety of products
New markets, more jobs
Foreign investments
New processes and technologies