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International Business Careers

International Business Careers. BCS-BE-8c. Describes the impact of international business activities on the local, state and national economies. BCS-BE-8d. Identifies small business opportunities in international trade. Multinational Corporation.

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International Business Careers

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  1. International Business Careers BCS-BE-8c. Describes the impact of international business activities on the local, state and national economies. BCS-BE-8d. Identifies small business opportunities in international trade

  2. Multinational Corporation a company that does business in many countries and has facilities and offices around the world BurjKhalifa aka “The Tallest Building in the World”

  3. Licensing selling the right to use some intangible property for a fee or royalty

  4. Joint Venture an agreement between two or more companies to share a business project

  5. World Trade Organization organization formed in 1995 to promote trade around the globe; WTO also deals with the rules of trade between nations

  6. Globalization the development of an integrated global economy marked by free trade, free flow of capital, and using cheaper foreign labor markets Advantages of Globalization 1. Productivity grows more quickly when countries produce goods and services in which they have a comparative advantage 2. Global competition and cheap imports keep prices down 3. An open economy spurs innovation 4. Export jobs often pay more than other jobs. 5. Cash flow gives the U.S. access to foreign investment and keeps interest rates low. Cons of Globalization 1. Loss of jobs due to imports or production shifts abroad. 2. Workers face pay-cut demands from employers, which threaten to export jobs. 3. Service and white-collar jobs are vulnerable to operations moving offshore. 4. U.S. employees can lose their comparative advantage when companies build advanced factories in low-wage countries

  7. QUESTIONS?

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