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International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Dimensions of Market Globalization

  1. 2.4 Learn the dimensions of globalization.

The globalization of markets can be characterized by several major dimensions.

  • Integration and interdependence of national economies. Internationally active firms develop multi-country operations through trade, investment, geographic dispersal of company resources, and integration and coordination of value-chain activities. The collective activities of such firms give rise to economic integration, that is, increased trade and other commercial activities among the nations of the world. Governments assist this integration by lowering barriers to international trade and investment, harmonizing their monetary and fiscal policies within regional economic integration ...

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Publisher Resources

ISBN: 9780136763017