Kategoriak: All - trade - outsourcing - globalization - competition

arabera Sina Haddad 6 years ago

177

Course summative

The text discusses various aspects of international trade and economics, highlighting both positive and negative effects of globalization. Key points include the impact of NAFTA, which has tripled trade and created jobs in Canada but also led to job losses in manufacturing due to relocation to Mexico.

Course summative

GROUP IN CLASS ACTIVITY

JOHNSON AND JOHNSON

HOTEL RWANDA

1) PHOTO ESSAY 2) NAFTA NEWS 3) IMPORT/EXPORT OIL CANADA

1) ASISA FACTOR 2) CANADA IMPORT CHOCOLATE 3) US CHINA TRADE WAR 4) USMCA (NEW NAFTA NAME)

1) ABSOLUTE AND COMPARATIVE ADVANTAGE 2) THE ECONOMIST ARTICLE 3) CANADA AND CHINA FREE TRADE DEAL

1) DOMINO'S MCDONALDS 2) DOING BUSINESS IN CHINA 3) OUTSOURCED MOVIE

INTERNATIONAL BUSINESS

CHAPTER 6

BENEFITS OF CSR
CRITICISM

COST MONEY DETRACT FROM PROFIT

USES EMPLOYEES' TIME AND ENERGY

BENEFITS

HELPS TO ATTRACT EXCELLENCE EMPLOYEES

CAN BE USED AS A MARKETING TOOL

ETHICS AND CSR
ETHICS

A SET OF RULES THAT MANAGEMENT AND INDIVIDUALS FOLLOW TO MAKE DECISIONS.

CSR

TO ADVANCE THE WELFARE OF SOCIETY AND TO ACT GOOD AS A GLOBAL CITIZEN.

STAKEHOLDERS
INTERNAL STAKEHOLDER

OWNERS

MANAGER

EMPLOYEES

EXTERNAL STAKEHOLDER

CUSTOMERS

SHAREHOLDERS

CREDITORS

GOVERNMENT

SOCIETY

SUPPLIERS

MICROCREDIT
LOANS THAT ARE MAINLY GIVEN TO WOMEN TO START SMALL BUSINESSES TO HELP THEIR FAMILY.

CHAPTER 4

BUSINESS CYCLE
PEAK

PEAK IS WHERE THE ECONOMY IS AT THE TOP OF THE BUSINESS CYCLE. THERE IS NO MORE EXPANSION.

EXPANSION

THE ECONOMY STARTS TO GROW AGAIN. MORE EMPLOYEES, PRODUCTS, AND WAGES.

TROUGH

PRODUCTION AND UNEMPLOYMENT REACH THEIR LOWEST LEVELS.

RECESSION

THE ECONOMY SLOWS DOWN AND UNEMPLOYMENT INCREASES WHICH THE BUSINESSES CLOSES

POLITICAL SYSTEM
AUTOCRACY

A STATE GOVERNED BY AN INDIVIDUAL OR GROUP OF PEOPLE.

CITIZENS HAVE NO INFLUENCE ON GOVERNMENT. AUTOCRACY HAS STRONG MILITARY PRESENCE.

DEMOCRACY

A STATE GOVERNED BY FREE AND FAIR ELECTION.

CHARACTERIZED BY FREE AND FAIR ELECTION. POLITICIANS ARE CONCERNED BY GETTING RE-ELECTION THAN THE GOOD OF THE COUNTRY.

ADVANTAGE TYPES
COMPARATIVE ADVANTAGE

THE ABILITY OF A COUNTRY TO PRODUCE A GOOD AT A LOWER OPPORTUNITY COST THAN OTHER COUNTRIES.

ABSOLUTE ADVANTAGE

THE ABILITY OF A COUNTRY TO MAKE RESOURCES TO MAKE A PRODUCT MORE THAN OTHER COUNTRIES.

GROSS DOMESTIC PRODUCT
THE TOTAL GOODS AND SERVICES PRODUCED IN ONE COUNTRY IN ONE YEAR.
ABSOLUTE AND RELATIVE POVERTY
UNDERDEVELOPED COUNTRIES

LEAST DEVELOPED COUNTRIES THAT ARE AT THE LOWEST OF THE WORLD'S ECONOMIES.

DEVELOPING COUNTRIES

EMERGING NATIONS IN TRANSITION FROM A POOR ECONOMY TO A STRONG ECONOMY.

DEVELOPED COUNTRIES

FIRST WORLD COUNTRIES THAT ARE CHARACTERIZED BY A HIGH PER CAPITA INCOME OR GROSS DOMESTIC PRODUCT(GDP).

ECONOMIC SYSYTEM
MIXED ECONOMY

COMBINING GOVERNMENT, AND PRIVATE ENTERPRISE.

PROPERTY IS OWNED BY INDIVIDUALS. PROFITS ARE ENCOURAGED BY TAXES. STRONG COMPETITION AGAINST CORPORATIONS ARE ALLOWED.

CENTRALLY PLANNED ECONOMY

GOVERNMENT CONTROLS ALL ELEMENTS OF THE ECONOMY.

GOVERNMENT DETERMINES PRICES AND AMOUNT OF GOODS AND SERVICES. OWNERSHIP OF PROPERTIES ARE RESTRICTED. ALL PROFIT BELONGS TO THE GOVERNMENT.

MARKET ECONOMY

FREE COMPETITION AND INDEPENDENT ACT

PEOPLE ARE ALLOWED TO OWN PROPERTY. PROFIT BELONGS TO THE BUSINESS OWNER. COMPANIES COMPETE IN TERMS OF QUALITY.

CHAPTER 2

FACTORS AFFECTING EXCHANGE RATE
PSYCHOLOGICAL FACTORS
POLITICS
TRADING BETWEEN COUNTRIES
ECONOMIC CONDITION IN CANADA
CURRENCY FLUCTUATION
LOSERS

EXPORTERS, CANADIAN TOURISM, CANADIAN RETAILERS

WINNERS

IMPORTERS, CANADIAN TRAVELERS, MAJOR LEAGUE SPORTS IN CANADA

TRADE BARRIERS
TRADE SANCTION

ECONOMIC ACTION TAKEN BY A COUNTRY TO PERSUADE ANOTHER TO CONFORM INTO AN INTERNATIONAL AGREEMENT.

TRADE EMBARGO

A GOVERNMENT-IMPOSED BAN OF TRADE ON A SPECIFIC PRODUCT AND COUNTRY OFTEN USED ON FOREIGN GOVERNMENTS TO CHANGE THEIR POLICIES.

QUOTAS

A LIMIT ON THE PRODUCTS TO BE IMPORTED.

PROTECTIONISM

THE PRACTICE OF SHIELDING DOMESTIC INDUSTRIES FROM FOREIGN COMPETITIONS THROUGH TRADE BARRIERS.

TARIFF

TAX OR DUTIES ARE ADDED ON IMPORTED PRODUCTS.

FORMS OF INTERNATIONAL BUSINESS
FOREIGN SUBSIDIARIES
JOINT VENTURE
FRANCHISE
LICENSING
EXPORTING
IMPORTING AND EXPORTING; VALUE ADDED
THEREFORE, IN BUSINESS THERE'S A VALUE ADDED EACH STAGES. THE DIFFERENCE OF RAW MATERIALS AND FINISHED PRODUCTS.
EXPORTING IS TO SEND A PRODUCT OR SERVICE INTO A DIFFERENT COUNTRY BY A BUSINESS FOR RESELL.
IMPORTING IS TO BRING A PRODUCT OR SERVICE INTO A COUNTRY BY A BUSINESS FOR RESELL.

CHAPTER 5

EU, UN, G8, G20
TPP
NAFTA EFFECTS

CANADIAN COMPANIES SOLD TO INVESTORS

TARIFF COULD HARM PEOPLE

LOST MANUFACTURING JOBS TO MEXICO

TRADE HAS TRIPLED

FLOW OF GOODS ACROSS NORTH AMERICA

HAS HELPED CREATE MORE PAYING JOBS IN CANADA

EFFECTS OF GLOBALIZATION
NEGATIVE

1) UNHEALTHY PRODUCTS 2) CANADIAN JOB LOSS 3) INCREASED POLLUTION

POSITIVE

1) OUTSOURCING 2) BETTER JOBS 3) INCREASED PRODUCTIVITY

ECONOMIC CONTEXT

THE MOVEMENT OF GOODS, SERVICES, TECHNOLOGY AND PEOPLE THROUGHOUT THE WORLD.

CHAPTER 3

IMPACT OF CULTURE
GEERT HOFSTEDE

INDULGENCE

LONG-TERM ORIENTATION

UNCERTAINTY AVOIDANCE

MASCULINITY

POWER DISTANCE

INDIVIDUALISM

CULTURE AWARENESS
Subtopic
HSBC
CULTURE TYPES
COUNTERCULTURE

A CULTURE THAT HAS VALUES OR LIFESTYLES THAT DIFFER FROM THE CURRENT CULTURE

SUBCULTURE

A CULTURE WITHIN A BIGGER CULTURE DISTINGUISHED FROM ITS FACTORS SUCH AS CLASS, AND RELIGION

CULTURE

THE KNOWLEDGE, EXPERIENCE, BELIEFS, VALUES, ATTITUDE, RELIGION, AND POSITION OBTAINED BY A GROUP OF PEOPLE WHO HAVE LIVED IN THE SAME AREA OR COUNTRY FOR A GENERATION.

CHAPTER 1

PROS AND CONS OF INTERNATIONAL BUSINESS ON CANADIANS
International business helps Canadians to variety of products, new markets more jobs, foreign investments, and new technologies.
International business hurts Canadians in the loss of culture and the raise of foreign ownership companies.
INTERDEPENDENCE INDUSTRIES
The reliance of two or more nations on each other fro products. there are three types of interdependence industries.

The tertiary industry is the segment of the economy that provides services to its consumers

Secondary industries are those that convert the primary industries into products for consumers.

Primary industries are those that harvest and extract raw materials from nature.

GLOBALIZATION
The process of which an organization or business start having internationally influence by making international trades.
NAFTA AND EMERGING MARKETS
NAFTA stands for North American Free Trade Agreement. Canada, United States, and Mexico. After decades Canada and US couldn't agree on the culture examination between the 3 countries.