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Contemporary World
Contemporary World
Market Integration- It exists when prices among different location or related goods follow the patterns over a
long period of time. When group of prices often move proportionally to each other and when this relation is
very clear among different markets it is said that markets are integrated
Global Economy- it refers to the world economy. This term also pertains to the international exchange of
goods and services that is expressed in monetary units. It may also mean as the free movement of goods,
capital, services, technology and information
Global Economy or Economic Globalization- it is concerned on the globalization of production, finance,
markets, technology, organizational regimes, institutions, corporations and labor
International Corporation
-involved in exporting and selling its goods and/or services to other nations
-has no other investment in other nations
-business functions and headquarters remain in the country of origin
-no branches of the company overseas
-decision-making process is streamlined
Multinational Company
-has establishments in the nations it chooses to operate in not just sales
-the company will choose to establish branches and operations in these nations, to oversee the sales and/or
importations
-there is still a central headquarters, but the branches are in charge of localizing and marketing the product
Global Company
-has investment and business in the countries in which it chooses to operate
-has subsidiaries in many nations, meaning dozens of sites around the world
-central headquarters of the business makes the decisions for driving the business
-same products are offered in every country regardless of culture and tastes