1
Building a new subsidiary abroad from the ground up
Greenfield Investment
countries in a geographic region cooperate to reduce or eliminate barriers to the international flow of products, people, or capital
Regional economic integration (regionalism)
The currency of the EU is the ________.
euro
________________ includes company provided clothing and meals, required profit sharing, guaranteed employment contracts, and generous dismissal policies. These costs can exceed an employee's wages and are typically not negotiable.
mandated benefits
The lowest extent of national integration
free trade area
______________ wants to simplify and harmonize customs procedures.
APEC - Asia Pacific Economic Cooperation
When Company X opened its first international plant in a new country, the suppliers also moved to the area
following clients
A positive effect of regional trade agreements
Trade creation
The primary purpose was to cooperate with the EU and EFTA.
GCC - Gulf Cooperation Council
The behaviors of buyers are frequently important in this FDI consideration.
customer knowledge
A negative effect of regional trade agreements
Loss of national sovereignty
Which organization of Asian countries also includes the United States?
The organization for Asia Pacific Economic Cooperation
a national accounting system that records all receipts coming into the nation and all payments to entities in other countries
balance of payments
A main regional trading bloc
European Union
NAFTA