DOC PREVIEW
UGA MGMT 3000 - Multinational Firms
Type Lecture Note
Pages 2

This preview shows page 1 out of 2 pages.

Save
View full document
View full document
Premium Document
Do you want full access? Go Premium and unlock all 2 pages.
Access to all documents
Download any document
Ad free experience
Premium Document
Do you want full access? Go Premium and unlock all 2 pages.
Access to all documents
Download any document
Ad free experience

Unformatted text preview:

MGMT 3000 1st Edition Lecture16Outline of Last Lecture I. Social responsibility introduction II. Different types of social responsibility III. Social responsiveness IV. Personal ethical decision making Outline of current Lecture I. Global business II. Trade barriers III. Regional Trading zones IV. Customer benefits from trade Current Lecture Global Business: Buying and selling of goods and services by people from different countries Impact of global business: Multinational corporations: firms that own business in 2 or more countries Direct foreign investment: when a company builds new business or buys existing business in foreign country Trade Barriers: Historically governments use trade barriers to make it difficult or expensive to buy imported goods - Protectionism: use of trade barriers to protect domestic industries - Tariff: tax on imported goods- Non-tariff barriers: nontax methods of increasing cost or reducing volume of imported goods o Quotas: limits on volume of imports o Voluntary export restraints: voluntarily imposed limits on number or volume of products exported to a particular country o Government import standards: protect health and safety of citizens o Subsidies: help develop and protect companies in special industries o Customs classification: customs agents classify products into categories and then the category is evaluate for the size of tariffs or whether to impose quotas GATT was an agreement to regulate trade between more than 120 countries - General Agreement on tariffs and Trade - 1947 to 1995These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Members engaged in 8 rounds of negotiations- Replaced by WTO - World trade organization: Only international organization dealing with global rules for trade between nations, main function to ensure that trade flows predictably, freely and smoothlyRegional trading zones: zones in which tariff and nontariff barriers are reduced or eliminated - EU: Maastricht treaty - NA: NAFTA - US Dominican republic, central America: CAFTA - South America: UNASUR - Asia: ASEAN, APEC Consumers, trade barriers and trade agreements: For consumers, these forces increase competition, which causes an increase in choice, and purchase power while prices decreaseThe US marketplace is the most competitive marketplace in the world and one of the easiest forforeign markets to


View Full Document

UGA MGMT 3000 - Multinational Firms

Type: Lecture Note
Pages: 2
Download Multinational Firms
Our administrator received your request to download this document. We will send you the file to your email shortly.
Loading Unlocking...
Login

Join to view Multinational Firms and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Multinational Firms 2 2 and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?