The Global Economy
International trade constitutes a significant portion of the world economy
Largest exporters are China, the United States and Germany
Largest importers are United States, Germany, and China
Foreign direct investment to retain advantage over competition (Exhibit 1.3)
Multinational companies (Exhibit 1.4,1.5)
International capital markets:
Help companies find capital at a reasonable cost
Help in having an “acquisition currency” for acquiring firms through stock swaps