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Overview of Global Theory and Practice

Overview of Global Theory and Practice

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Published by samrulezzz

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Published by: samrulezzz on Jul 30, 2011
Copyright:Attribution Non-commercial

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12/03/2012

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Chapter 1Chapter 1OVERVIEW OF GLOBAL THEORYOVERVIEW OF GLOBAL THEORYAND PRACTICEAND PRACTICE
 
Chapter OutlineChapter Outline
Meaning and nature international businessMeaning and nature international businessenvironmentenvironmentDistinctions between internal and internationalDistinctions between internal and internationalbusinessbusinessAdvantages and disadvantages of internationalAdvantages and disadvantages of internationaltrade/businesstrade/businessTheories in international tradeTheories in international trade
 –MercantilismMercantilism –Theory of absolute cost advantageTheory of absolute cost advantage –Comparative cost advantageComparative cost advantage –Heckscher – Ohlin theoryHeckscher – Ohlin theory
International investmentInternational investmentGlobal forces effecting international tradeGlobal forces effecting international trade
 
What is business and businessWhat is business and businessenvironment?environment?
Business is a wide term andBusiness is a wide term and
signifies all signifies all economic activities carried on with theeconomic activities carried on with theobjective of earning money/profit/gainobjective of earning money/profit/gain
..
Economic activities involveEconomic activities involve
 production, production,exchange, distribution and consumption of exchange, distribution and consumption of goods and services.goods and services.
In short, the definition of aIn short, the definition of a
business as abusiness as acommercial activity to make a profit of ancommercial activity to make a profit of anorganisation (private or public).organisation (private or public).

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