two major forces driving globalization

the value of all goods and services produced by a country's domestic and international activities over a 1-year period

treaty designed to promote free trade by reducing both tariffs and non-tariff barriers to international trade

combines 28 countries

refers to the trend toward greater economic, cultural , political and technological interdependence among national institutions and economics

benefits of globalization of production

consists 21 member economies committed to creating a free trade zone up around the pacific

international organization that enforce the rules of international trade

use of computer networks to purchase ,sale , or exchange products; to service customers and collaborate with partners

benefits of globalization of markets

a company that adopts a global perspective and engages in international business from near its inception

refers to firm's performance of trade and investment activities across national borders also referred as cross-border business

refers to the convergence in buyer preference in markets around the world

is a business that has direct investments abroad and multiple countries

created to provide financing for national economic development efforts

are manufacturers or service providers with fewer than 500 employees

gathers three nations ( canada mexico and united states ) into a free trade bloc

factors that helps reduce the barriers includes

is the value of all goods and services produced by a domestic economic over a 1-year period

created to regulate fixed exchange rates and to enforce the rules of the international monetary system

two areas of business in which globalization is having profound effects

technological innovations such as

key players in math international business includes

refers to the dispersal of production activities to locations that help a company achieve its cost-minimization or quality-maximization objectives for a good or service