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Helps to set standards regarding labor internationally. UN org. Participants are govts, employers and worker representatives.

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Unlock Your Competitive Edge: Explore the World of International Business and Trade with globalEDGE

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Economic Classification

Discover data about the Emerging Markets, Frontier Markets, and Mature Markets countries. Select one of the items from the menu below to get started.

Published quarterly, the newsletter is an ideal way to stay abreast of the latest international business topics, as well as new resources on the globalEDGE website.

Funded in part by the U.S. Department of Education Title VI B grant, globalEDGE delivers a comprehensive research tool for academics, students and businesspeople. Connect with over 47,000 people using the gE Network while tapping into a directory of over 5000 quality resources. globalEDGE provides tools and resources to efficiently research nearly any international business question you may have.

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globalEDGE: Your source for Global Business Knowledge

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Global business knowledge portal connecting international business professionals to a wealth of information, insights, and learning resources on global business activities. globalEDGE is a gateway to specialized international business research knowledge on countries, cross-border business transactions, and cross-cultural management.

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Argentina is thinking about having US dollars are their currency.

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World Bank Open Data from The World Bank: Data

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Descartes CustomsInfo is a leading provider of import and export classification, duty, and tax content for international commerce, helping businesses across industries to classify more efficiently( see what our customers have to say). Our solutions provide streamlined Harmonized Tariff Schedule (HTS) code and export classification lookup in combination with other features such as regulations cross referencing, landed cost calculations, and information sharing/collaboration across the organization. Descartes CustomsInfo empowers businesses to improve efficiency, increase visibility, and achieve high compliance rates, while reducing risk, and optimizing free trade and preferential trade agreements.

Descartes CustomsInfo is part of a broad suite of leading global trade intelligence solutions from Descartes, covering everything from trade data research and product classification to denied party screening.

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Your single source for best-in-class trade research covering 160+ countries with advanced Harmonized System (HS) Code Search, regulations and rulings lookup, as well as export classification, and built-in online collaboration tools.

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Promoting Economic Opportunity, Individual Empowerment & Prosperity

For twenty-nine years, the Index of Economic Freedom has measured the impact of liberty and free markets around the globe, and the 2023 Index confirms the formidable positive relationship between economic freedom and progress.

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Index of Economic Freedom: Promoting Economic Opportunity and Prosperity by Country

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Index of Economic Freedom measures economic freedom of 184 countries based on trade freedom, business freedom, investment freedom, and property rights.

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When looking at how it will impact businesses and companies

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Culture comparison tool (with dimensions of Hofstede)

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Culture comparison tool (with dimensions of Hofstede)

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Multilateral trade organization aimed at international trade liberalization. It was set up to: eliminate discrimination, combat protection and trade barriers, resolve disputes, and provide a forum for emerging issues.

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Assessing the interdependence of different topics of Global Management

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Assessing the interdependence of different topics of Global Management

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Different work ethics in different cultures

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Different work ethics in different cultures

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That opening a business or selling a product. There has to be a lot to look at like the Government,culture, and if it’s possible to sell it.

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That it was a lot of fun working and getting to know the students in Mexico

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Trying Brazilian candy in class <3

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Exchange rate risk can be lowered through FDI and diversification into different countries

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Exchange rate risk can be lowered through FDI and diversification into different countries

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(NAFTA)- US, Canada, Mexico

(EU)- 25 European countries including Germany, France, Belgium, Spain, Italy, Denmark etc.

(MERCOSUR)- Southern Common Market Treaty- Argentina, Brazil, Paraguay, Uruguay

(SACU) South African Customs Union- Botswana, Lesotho, Namibia, South Africa, and Swaziland.

(CARICOM) Caribbean Community and Common Market-  Haiti, Bahamas, Jamaica

(ASEAN) The Association of Southeast Asian Nations, free trade agreement- Indonesia, Malaysia, Philippines, Singapore, and Thailand

(TPP) Transpacific Partnership- free trade agreement- Australis, Japan, South Korea, Canada, Mexico, Chile

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Trade-related - exports, imports, countertrade

Contractual entry modes

International leasing

International Licensing

International Franchising

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Focussed on developing countries in human development, agricultural development, environmental protection, infrastructure, and governance.

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Understanding the importance of accounting for cultural differences when doing business in another country.

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Understanding the importance of accounting for cultural differences when doing business in another country.

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very important in international economic trade/ business

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I got to research about my favorite product

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I got to research about my favorite product

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Insights in different cultures and their behaviors

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Insights in different cultures and their behaviors

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Financial institution (1945), 189 countries. Functions/ purpose:

Help with the economic crisis:

Financial assistance: provide loans to countries experiencing balance of payments problems. IMF does not lend for specific projects.

Technical assistance: to support the development of the productive resources of member countries by helping them effectively manage their economic policies and financial affairs.

Surveillance: to promote global economic stability. Overseeing the international monetary system and monitoring the economic and financial policies, to provide early warnings about potential risks to stability.

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Spot Rate- exchange rate that requires immediate delivery of foreign exchange.

Forward rate- the exchange rate transaction that requires delivery of transaction at a specific time in the future (30/90 days)

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It was interesting learning that the main form of communication in Mexico is Whatsapp

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It was interesting learning that the main form of communication in Mexico is Whatsapp

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Fixed, Pegged, and Floating Exchange Rates

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Fixed, Pegged, and Floating Exchange Rates

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Fixed: Regime applied by governments or central bank that ties the country's official currency exchange rate to another country's currency or price of gold.

Pegged: Country aligns or pegs the value of its currency to that of a major currency like the US dollar (fluctuates only within a set range).

Floating: Determined by the free forces of supply and demand of the foreign exchange market.

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Adopted in Kyoto, Japan. Setting emission reduction targets for industrialized/developed countries only.

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I learned that there is greater emphasis of learning a second language, mainly english, in other countries.

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I learned that there is greater emphasis of learning a second language, mainly english, in other countries.

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1) Free trade-removal of trade barriers

2) Custome Union- removal of trade barriers and common trade policy

3) Common Market- All of the above and free mobility of labor, production and technology

4) Economic Union- All of the above and the same monetary system

5) Political Union- All of the above and same political policies

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National security, protect consumer, retaliating, advancing other policies, and human rights.

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knowing countries way of living (people, culture, geography) can be a great skill for global business.

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-It reduces and minimizes tariffs

-Helps save costs on importing goods that would otherwise had to of been produced in the domestic market

-Helps the countries involved grow economically

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Staying on top of chapter readings, it is essential to do well on the quizzes.