Global Business Chapter 1
1. What is Globalization?: the trend towards a more integrated global economic system
2. What is globalization of markets?: the merging of historically distinct and separate national markets into one
huge global marketplace
3. Example of globalization of markets: coca cola
Starbucks
McDonalds
4. what is the globalization of production: the sourcing of goods and services from locations around the
globe to take advantage of national differences in the cost and quality of factors of production
5. Example of globalization of production: being and Vizio
6. What are the 4 global institutions>: WTO
IMF
WB
UN
GAT
T
7. What are global institutions: manage, regulate, and police the global market place promote
the establishment of multinational treaties to govern the global business system
1/
4
1. What is Globalization?: the trend towards a more integrated global economic system
2. What is globalization of markets?: the merging of historically distinct and separate national markets into one
huge global marketplace
3. Example of globalization of markets: coca cola
Starbucks
McDonalds
4. what is the globalization of production: the sourcing of goods and services from locations around the
globe to take advantage of national differences in the cost and quality of factors of production
5. Example of globalization of production: being and Vizio
6. What are the 4 global institutions>: WTO
IMF
WB
UN
GAT
T
7. What are global institutions: manage, regulate, and police the global market place promote
the establishment of multinational treaties to govern the global business system
1/
4
