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Foreign Direct Investment start learning
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investment in, controlling and managing value-added activities in another country
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start learning
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temporary job abroad with a multinational company
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start learning
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economies that only recently established institutional frameworks that ease international trade and investment; low-/middle-level income; high-level economic growth rate
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start learning
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4 largest emerging economies (Brazil, Russia, India, China)
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PPP Purchasing Power Parity start learning
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rate at which the currency of one country needs to be converted into that of the second country to ensure that a given amount of the first country's currency will purchase the same volume of goods and services in second one.
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start learning
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international performance of a frim depends on formal rules and informal rules that differ around the world; focus on external environment
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start learning
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firm's international success is influenced by its internal resources and capabilities; internal environment
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liability of outsidership start learning
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disatvantage of outsiders over insiders caused by lack of familiarity with the local environment
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start learning
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a process leading to greater interdependence and mutual awareness (reflexivity) among economic, political, and social units around the world, and among actors in general
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start learning
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the removal of regulatory restrictions on business
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setbacks for globalization start learning
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fear among people in developing countries as competition about low-end manufacturing jobs arises; MNEs can destroy local companies, cultures, and values
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start learning
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the identification and assessment of risks and actions taken to minimize impacts of rare events
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non-invented-here syndrome start learning
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tendency to distrust new ideas coming from outside one's own organization or country
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start learning
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view of the world through the lens of one's own culture
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start learning
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people who embrace cultural diversity and see personal and professional opportunities of globalization
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task/immediate environment of organization start learning
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customers, competitors, suppliers, government, civil society organizations, interest groups
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broader/indirect/macro environment of organization start learning
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innovations, political tensions, disposable income, consumer trust, employment, world trades slows down
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start learning
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technological, economic, societal, and climate changes
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macro environment contexts start learning
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political, economic, socio-cultural, technological, ecology&climate
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acceleration of globalization factors start learning
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political changes (e.g. liberalization), international collaboration (trade agreements, EU), socio-cultural changes (cultural exchange via travel, films, TV), technological changes (communication, information, transportation innovations)
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start learning
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companies that have offices abroad and operate in a different country; international production chain; firms engaging in FDI
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