Competing in Global Markets... * In Billions Source: Source: Population Reference Bureau... * * Theories of Advantage Output per Unit of Input... * * Theories of Advantage Absolut e Out
Trang 1Competing
in Global Markets
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World Population by continent:
** The U.S is the largest importing nation in the World!
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In Billions
Source:
Source: Population Reference Bureau
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* Theories of Advantage
Output per Unit of Input
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* Theories of Advantage
Absolut e
Output per Unit of
Input
Diamond Production
South Africa
The Rest of the World
= = Virtual Virtual
Monopoly
Trang 7Singapore Savings Rate, Math/Science
Education, Political Trust
Sweden H.S Enrollment, Press Freedom,
Phone Access
Global Competitiveness
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*
U S Trade in Goods & Services (Billions)
Source: St Louis Business Monthly, Oct 1999 & World Trade Organization & Wikipedia
Balance of Trade
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*
Leading Goods Exporters/Importers
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*
Strategies for Reaching Global Markets
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Most Spoken Languages
in the U.S.
Most Spoken
Languages
in the World
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*
Foreign Direct Investments in the U.S.
Source: Bureau of Economic Analysis, 2004
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* What’s On Your Pizza
• Costa Rica - Coconut
• France - Bacon, onion and fresh cream
• India - Pickled ginger, minced mutton and tofu
• Australia - Shrimp and pineapple
• Pakistan - Curry
• Brazil - Green peas
• Japan - Squid and mayo jaga
Source: World Features Syndicate
Trang 18• Economic & Financial
• Legal & Regulatory
• Physical & Environmental
Trang 19• Aesthetics
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• In Turkey it’s rude to cross your arms
while you are facing someone.
• In the Arab world the left hand is
considered unclean; don’t eat with it!
• In India never pat someone’s head,
it’s the seat of the soul.
• The Chinese associate gifts such as
straw sandals, clocks and handkerchiefs with funerals.
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Source: Gibson Consulting 2005
Trang 23r (Burma)
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*
Developing Countries Need Infrastructure
• 1.2 billion people lack clean
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• General Agreement on Tariffs & Trade (1948)
• Uruguay Round of GATT (1986)
• World Trade Organization (1995)
• Common Markets
• European Union (EU)
• Mercosur
• North American Free Trade Agreement (1994)
• Central America Free Trade Agreement (2005)
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* Future Global Trade
• People’s Republic of China- Permanent Normal Trade
Relations/Rights
• Russia & Others
• Internet
• Technology- Obstacles/Problems
Trang 29• More focus on areas
where they can excel and
grow
• Outsourced work creates
efficiencies, resulting in
hiring more workers
• Fuels global market
growth
Con’s
• Jobs lost/wages fall
• Reduces product quality
• Communication becomes much more difficult