April 2024
Intermediate to advanced
160 pages
5h 15m
English
Chapter 4 ended by mentioning the biunivocal relationship between globalization and business. Internationally active companies mostly benefited from the favorable framework created by the positive interaction between technological progress (goods and raw materials traveled across borders thanks to innovations in transportation and infrastructural progress), institutions (which positively impacted on the cost of trade and on the uncertainty surrounding exchanges) and cultural attitudes (which created a friendly environment for foreign companies and their products). In turn, companies and entrepreneurial activities must be considered ...
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