market imperfection (market failure)
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imperfect rules governing international transactions
foreign direct investment (FDI)
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defined as directly investing in activities that control and manage value
creation in other countries.
According to the institution-based view, managers and firms
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DO NOT make choices outside institutional constraints.
export
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selling abroad
supports informal institutions
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normative pillar
culture
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one of the three primary forms of informal institutions; "the collective
programming of the mid which distinguishes the members of one group or
category of people from another"
nontariff trade barrier (NTB)
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1. Local content requirements
2. Import quotas
3. Subsidies
theory of comparative advantage
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the relative (not absolute) advantage in one economic superior to other
nations.
Charlie loves watching Downton Abbey on his local public TV station, but he never
sends any money to support the station during its fundraising drives.
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free rider
A multinational enterprise
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a firm that engages in foreign direct investment by directly managing value-
added activities in other countries.
, Private ownership differs from state ownership
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maximizing profits is the primary objective of a firm
not excludabe + not rival inconsumption
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public good
What is the traditional definition of International Business?
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In many cases, international business refers to domestic firms expanding
into international (cross-border) economic activities.
refers to the coercive power of governments
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regulatory pillar
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imperfect rules governing international transactions
foreign direct investment (FDI)
Give this one a try later!
defined as directly investing in activities that control and manage value
creation in other countries.
According to the institution-based view, managers and firms
,Give this one a try later!
DO NOT make choices outside institutional constraints.
export
Give this one a try later!
selling abroad
supports informal institutions
Give this one a try later!
normative pillar
culture
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one of the three primary forms of informal institutions; "the collective
programming of the mid which distinguishes the members of one group or
category of people from another"
nontariff trade barrier (NTB)
,Give this one a try later!
1. Local content requirements
2. Import quotas
3. Subsidies
theory of comparative advantage
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the relative (not absolute) advantage in one economic superior to other
nations.
Charlie loves watching Downton Abbey on his local public TV station, but he never
sends any money to support the station during its fundraising drives.
Give this one a try later!
free rider
A multinational enterprise
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a firm that engages in foreign direct investment by directly managing value-
added activities in other countries.
, Private ownership differs from state ownership
Give this one a try later!
maximizing profits is the primary objective of a firm
not excludabe + not rival inconsumption
Give this one a try later!
public good
What is the traditional definition of International Business?
Give this one a try later!
In many cases, international business refers to domestic firms expanding
into international (cross-border) economic activities.
refers to the coercive power of governments
Give this one a try later!
regulatory pillar
