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Definition
| the shift toward a more interdependent and integrated global economy |
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Definition
| falling trade barriers and changes in buyer preferences |
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| sourcing goods and services easily from other countries |
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| internet and advances in logistics |
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| all cross-boarder exchanges of goods, services, or resources between two or more nations |
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| Benefits of Globalization |
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Definition
-new markets
-standardization of some practices
-higher living standards |
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| Drivers of an integrated global economy: |
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Definition
-declining trade and investment barriers
-new technologies |
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Term
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Definition
| a metaphor for viewing the world as a level playing fieldin terms of commerce, where all competitors have an equal opportunity |
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Definition
| a metaphor for viewing the world's markets as being more different than similar, such that the playing field differs in respective markets |
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| the analytical framework used to understand country and regional differences along the distance dimensions of culture, administration, geography, and economics |
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Definition
| Family, clans and tribes provide security |
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| Competition over everything from everywhere. Deregulated and integrated markets |
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Definition
| National borders separate domestic and international realms. national walls of trust and security. |
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Term
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Definition
| Semiglobalization. Choices between regulation of markets and cross-border integration |
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