Business Handbook-unit 2- globalization

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main drivers of globalization
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cost factors, technology factors, market factors, global business cycle
the BRICs
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Brazil Russia India China
łańcuch dostaw
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supply chain
company strategy in the face of globalization
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import/export, outsourcing, foreign direct investment
outsourcing
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subcontract
subsidiary
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overseas division
tariffs
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taxes on imports
quotas
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limits on imports
balance of trade
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difference between a nation's imports and exports
nadwyżka handlowa
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trade surplus
deficyt handlowy
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trade deficit
balance of payments
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balance of trade plus service and investments
WTO
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World Trade Organization - works towards reducing tariffs and quotas
IMF
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International Monetary Fund - makes short-term loans to countries that cannot pay debts
World Bank
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lends money to developing countries, particularly for infrastructure projects
subsidiary
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company owned by another company
subsidy
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money paid by government to support a business
recovery
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upswing, upturn
growth
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boom, expansion
recession
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contraction, downturn, slowdown
depression
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slump
inwestycja zagraniczna
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inward investment
licensing
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a company gives the right to manufacture its product to a foreign company for a fee= royalty
joint venture
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a partnership in which two or more companies join to undertake a major project or start a business activity
strategic alliance
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a long-term partnership similar to joint venture, but it may be between two companies of very different sizes, such as large manufacturer and one of its suppliers

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