the way people relate to one another in a group setting
-reference groups: groups that are important to people (e.g., family, friends)
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Social Institutions
,International organization that regulates international trade
-concerned wit the natural environment coupled with the need for sustainable
economic growth
-the only international organization dealing with the rules of trade between nations
-began in 1948 under the General Agreement on Tariffs and Trade (GATT)
-founded in 1994 at the Uruguay Round of Negotiations
-located in Geneva, Switzerland.
-160 countries in membership.
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The World Trade Organization
-The net of exports of services and imports of services
(services; shipping, airlines, consulting, etc.)
surplus indicates country is competitive in its service industry
-U.S is a primarily service economy
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Trade Service Balance
more stable global economic order
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Outcome of a multi-polar world
,- End extreme poverty by 2030 (people living with less than
$1.90/day).
- Boost shared prosperity: increase income of the poorest 40%
in every country
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Goals of the World Bank
Special Drawing Rights- International Reserve Asset freely traded among IMF
member states
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SDR's
pervert the political debate on the origin of the imbalances and lead to misguided,
and hence counter-productive, decisions.
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The statistical bias created by attributing the full commercial value to the
last country of origin can
demand (particularly automotive, computers and electronics in
Europe and Asia)
-redesigning products w/o sacrificing quality to reduce cost
, ex) the Tata "Nano, a no frills car for 3,000
and $300 laptop compouters
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Companies are increasingly establishing production in proximity to
-the country pegs its currency at a fixed rate to major currency
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Fixed exchange rate
The limited monopoly rights legally granted by a nation to the creator of intellectual
property
-Patent
-Trademark
-Copyright
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Intellectual Property Protections
The degree to which a society compartmentalizes roles
How seperate week keep our private and work lives
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-reference groups: groups that are important to people (e.g., family, friends)
Give this one a try later!
Social Institutions
,International organization that regulates international trade
-concerned wit the natural environment coupled with the need for sustainable
economic growth
-the only international organization dealing with the rules of trade between nations
-began in 1948 under the General Agreement on Tariffs and Trade (GATT)
-founded in 1994 at the Uruguay Round of Negotiations
-located in Geneva, Switzerland.
-160 countries in membership.
Give this one a try later!
The World Trade Organization
-The net of exports of services and imports of services
(services; shipping, airlines, consulting, etc.)
surplus indicates country is competitive in its service industry
-U.S is a primarily service economy
Give this one a try later!
Trade Service Balance
more stable global economic order
Give this one a try later!
Outcome of a multi-polar world
,- End extreme poverty by 2030 (people living with less than
$1.90/day).
- Boost shared prosperity: increase income of the poorest 40%
in every country
Give this one a try later!
Goals of the World Bank
Special Drawing Rights- International Reserve Asset freely traded among IMF
member states
Give this one a try later!
SDR's
pervert the political debate on the origin of the imbalances and lead to misguided,
and hence counter-productive, decisions.
Give this one a try later!
The statistical bias created by attributing the full commercial value to the
last country of origin can
demand (particularly automotive, computers and electronics in
Europe and Asia)
-redesigning products w/o sacrificing quality to reduce cost
, ex) the Tata "Nano, a no frills car for 3,000
and $300 laptop compouters
Give this one a try later!
Companies are increasingly establishing production in proximity to
-the country pegs its currency at a fixed rate to major currency
Give this one a try later!
Fixed exchange rate
The limited monopoly rights legally granted by a nation to the creator of intellectual
property
-Patent
-Trademark
-Copyright
Give this one a try later!
Intellectual Property Protections
The degree to which a society compartmentalizes roles
How seperate week keep our private and work lives
Give this one a try later!