IB - Module 2

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Foreign Direct Investment
bắt đầu học
investment in, controlling and managing value-added activities in another country
expatriate assignment
bắt đầu học
temporary job abroad with a multinational company
emerging economies
bắt đầu học
economies that only recently established institutional frameworks that ease international trade and investment; low-/middle-level income; high-level economic growth rate
BRIC
bắt đầu học
4 largest emerging economies (Brazil, Russia, India, China)
PPP Purchasing Power Parity
bắt đầu học
rate at which the currency of one country needs to be converted into that of the second country to ensure that a given amount of the first country's currency will purchase the same volume of goods and services in second one.
institution-based view
bắt đầu học
international performance of a frim depends on formal rules and informal rules that differ around the world; focus on external environment
resource-based view
bắt đầu học
firm's international success is influenced by its internal resources and capabilities; internal environment
liability of outsidership
bắt đầu học
disatvantage of outsiders over insiders caused by lack of familiarity with the local environment
globalization
bắt đầu học
a process leading to greater interdependence and mutual awareness (reflexivity) among economic, political, and social units around the world, and among actors in general
liberalization
bắt đầu học
the removal of regulatory restrictions on business
setbacks for globalization
bắt đầu học
fear among people in developing countries as competition about low-end manufacturing jobs arises; MNEs can destroy local companies, cultures, and values
risk management
bắt đầu học
the identification and assessment of risks and actions taken to minimize impacts of rare events
non-invented-here syndrome
bắt đầu học
tendency to distrust new ideas coming from outside one's own organization or country
ethnocentric perspective
bắt đầu học
view of the world through the lens of one's own culture
cosmopolitans
bắt đầu học
people who embrace cultural diversity and see personal and professional opportunities of globalization
task/immediate environment of organization
bắt đầu học
customers, competitors, suppliers, government, civil society organizations, interest groups
broader/indirect/macro environment of organization
bắt đầu học
innovations, political tensions, disposable income, consumer trust, employment, world trades slows down
external changes
bắt đầu học
technological, economic, societal, and climate changes
macro environment contexts
bắt đầu học
political, economic, socio-cultural, technological, ecology&climate
acceleration of globalization factors
bắt đầu học
political changes (e.g. liberalization), international collaboration (trade agreements, EU), socio-cultural changes (cultural exchange via travel, films, TV), technological changes (communication, information, transportation innovations)
multinationals
bắt đầu học
companies that have offices abroad and operate in a different country; international production chain; firms engaging in FDI

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