Chapter 3: Doing Business in Global Markets

THE DYNAMIC GLOBAL MARKET: Page – 62 & 63

Importing
Exporting
WHY TRADE WITH OTHER NATIONS? Page – 63 & 64
Free Trade
The Theories of Comparative and Absolute Advantage
Comparative Advantage
Absolute Advantage
GETTING INVOLVED IN GLOBAL TRADE: Page – 66 & 67
Measuring Global Trade
Balance of Trade
Trade Surplus
Trade Deficit
Balance of Payments
Dumping
STRATEGIES FOR REACHING GLOBAL MARKETS: Page – 67 to 72
Licensing
Exporting
Franchising
Contract Manufacturing
International Joint Ventures and Strategic Alliances
Foreign Direct Investment
Multinational Corporation
Mergers and Acquisition: Page - 135 & 136
Types of Merger: Page - 135 & 136
Sovereign wealth funds (SWFs)
FORCES AFFECTING TRADING IN GLOBAL MARKETS: Page – 73 to 77
Sociocultural Forces
Economic and Financial Forces
Exchange rate
Devaluation
Countertrading
Legal and Regulatory Forces
Physical and Environmental Forces
TRADE PROTECTIONISM: Page – 77 & 78
Tariffs
Import Quota
Embargo
OUTSOURCING: Page – 6
Offshore outsourcing: Page – 83

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