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Think Global act local

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'When you read the title, if you believe that the 2 concepts ... Laws, tariffs, sanctions, cartels. Social/Cultural. Language, customs, religion. Technological ... – PowerPoint PPT presentation

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Title: Think Global act local


1
Chapter 4
  • Think Global act local!

2
International Business and Newfoundlands Past
  • On your paper, write a number from 1 10 after
    reading the following statement
  • When you read the title, if you believe that
    the 2 concepts are one in the same, place a 1 on
    your page. If you believe that they are not
    related, then place a 10. If you believe they
    are somewhat related, pick a number from 1 10.
    Be prepared to discuss your decision.

3
International Business
  • Buying, selling, and trading of goods/services
    across national boundaries
  • Net new dollars for the economy
  • Balance of Trade exports-imports
  • USA is our PARTNER!
  • What about the EU??? Asia??? South America?

4
Barriers to Trade
  • Economic
  • Development infrastructure capacity
  • Exchange rates affordability
  • Legal/Political
  • Laws, tariffs, sanctions, cartels
  • Social/Cultural
  • Language, customs, religion
  • Technological
  • Level of infrastructure, current and potential

5
Trade Groupings
  • World trade Organization (GATT)
  • Free Trade Agreement (FTA)
  • North American Free Trade Agreement (NAFTA)
  • European Union (EU)
  • Association of South East Asian Nations (ASEAN)

6
Ways to get involved
  • Trading company
  • Licensing
  • Franchising
  • Direct Investment
  • Contract manufacturing
  • Joint Ventures
  • Strategic Alliances

7
Global Village
  • www.lehigh.edu/village
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