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globalization
processes of goods, ides, and people distributed across the world
assessing global markets (aspects)
economic analysis using metrics
infrastructure and tech
sociocultural
government actions
Economic analysis using metrics
evaluating general economic enviornmnet
trade deficit
trade surplus
GDP
GNP
PPP
trade deficit
importing more than you export
trade surplus
exporting more than you inport
gross domestic product (GDP)
the value of goods and services produced by a country per year
Gross National Income (GNI)
GDP and income earned from investments abroad
purchasing power parity (PPP)
exchange rate essentially; two things with equal rates should cost the same
bottom of the pyramid
settings where customers earn low wages
infrastructure and technology
transportation
channels
communication
commerce
sociocultural analysis (management…)
power distance
masculinity v femininity
uncertainty avoidance
short v long term orientation
individualism v collectivism
government actions
tariffs
quotas
exchange control
exchange rate regulation
trade agreements/blocs
global entry strategies
exporting
franchising
licensing
contract manufacturing
joint venture
direct investment
anti-dumping laws
laws that stop foreign imports being sold far below market value
Ex. China cannot sell you an Iphone for 40 dollars