BUS101 Chapter 3.

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Presentation transcript:

BUS101 Chapter 3

Chapter 3 Importing Exporting Free trade Absolute Advantage Comparative Advantage Balance of trade Trade surplus Trade deficit

Chapter 3 World’s Largest Exporting Nations US Trading Partners Dumping Licensing Franchising Contract Manufacturing Joint Ventures Strategic Alliance FDI

Chapter 3 Largest MNCs SWFs Sociocultural Factors Culture Ethnocentricity

Chapter 3 Largest MNCs SWFs Sociocultural Factors Culture Ethnocentricity Exchange Rate Devaluation

Chapter 3 Foreign Corrupt Practices Act Countries High on Corruption Trade Protectionism Tariff Import Quota Embargo WTO Common Markets EU NAFTA ASEAN Mercosur

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