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refers to the "shrinking" of time and space as air travel and the electronic media have made it easier for the people of the globe to communicate with one another.
refers to the increasing tendency of the economies of the world to interact with one another as one market instead of many national markets
multinational enterprise, is a business firm with operations in several countries
believe that their native country, culture, language, and behavior are superior to all others
the view that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone.
accept that there are differences and similarities between home and foreign personnel and practices and that they should use whatever techniques are most effective.
manufacturing plants allowed to operate in Mexico with special privileges in return for employing Mexican citizens.
using suppliers outside of the United States to provide labor, goods, or services
a company allows a foreign company to pay it a fee to make or distribute the first company's product or service
a form of licensing in which a company allows a foreign company to pay it a fee and a share of the profit in return for using the first company's brand name and a package of materials and services
also known as a strategic alliance, with a foreign company to share the risks and rewards of starting a neew enterprise together in a foreign country
a foreign subsidiary that is totally owned and controlled by an organization
the movement of goods and services among nations without political or economic obstruction.
a trade barrier in the form of a limit on the numbers of a product that can be imported
the practice of a foreign company's exporting products abroad at a lower price than the price in the home market - or even below the costs of production - in order to drive down the price of the domestic product.
to provide low-interest loans to developing nations for improving transportation, education, health, and telecommunications
the rate at which one country's currency can be exchanged for another country's currency
also known as economic community, is a group of nations within a geographical region that have agreed to remove trade barriers with one another.
North American Free Trade Agreement (NAFTA
a trading bloc consisting of the United States, Canada, and Mexico
Asia-Pacific Economic Cooperation (APEC)
a group of 21 Pacific Rim countries whose purpose is to improve economic and political ties
the largest trade bloc in Latin America and has four core members - Argentinga, Brazil, Paraguay, and Uruguay, with venezuala scheduled to become a full member upon ratification by other countries - and a five associate members: Bolivia, Chile, Columbia, Ecuador, and Peru
The Central America Free Trade Agreement (CAFTA-DR
involves the United States and Costa Rica, the Dominican republic, El Salvador, Guatemala, Honduras, and Nicaragua - is intended to reduce tariffs and other barriers to free trade.
the shared set of beliefs, values, knowledge, and patterns of behavior common to a group of people.
people rely heavily on situational cues for meaning when communicating with others.
Hofstede model of four cultural dimensions
- identified four dimensions along which national cultures can be placed 1) individualism/collectivism 2)power distance 3) uncertainty avoidance 4) Masculinity/femininity.
a massive and ongoing cross-cultural investigation of nine cultural dimensions involved in leadership and organizational processes.
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