Midtern - Study guides, Class notes & Summaries

MGCR 382 International Business Pre-Midterm Study Guide lecture notes for the first half of the class McGill University Trade Theory International Trade and the World Economy - Trade: voluntary exchange of goods, services, assets, or money between one person or organization and another. - International Trade: trade between residents of two countries. Why Does International Trade Occur? - Both parties to the transaction benefit. - Imports provide (1) higher quality and/or (2) less expensiv...

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International Business Midterm (Ch 1-8) Rated A+ globalization the shift towards a more integrated and inter-depended world economy Globalization is occurring in 2 parts: 1) Globalization of markets 2) globalization of products General Agreement on Tariffs and Trade (GAFF) a trade agreement between the Allied nations after WWII World Trade Organization (WTO) the world forum for international trade International Monetary Fund (IMF) International institution that provides loans...

MGCR 382 Midterm study guide solution (MGCR 382 International Business) McGill University